Use the mortgage calculator to calculate the cost of buying a $348k home. Change the numbers to see different options.
This calc can be used for car loans, debt, real estate, home purchase, etc.
Can I afford a 348,000 dollar house? It depends.
In addition to the mortgage payment, a home also has insurance, maintenance, and taxes.
Taxes can vary drastically by area. A very rough estimate is to not spend more than 30% of your income
on housing.
How do I get a mortgage? A simple first step is to talk to a local banker and fill out a mortgage application. Then consider other offers, either local or online.
How much of a down payment should I make? Here's a little chart that shows monthly payments based on down payment for a $348,000 house.
$348,000 Home at 2%
| 0% down | $1,286.28/mo |
| 5% down | $1,221.96/mo |
| 10% down | $1,157.65/mo |
| 15% down | $1,093.33/mo |
| 20% down | $1,029.02/mo |
| 25% down | $964.71/mo |
| 30% down | $900.39/mo |
| 35% down | $836.08/mo |
| 40% down | $771.77/mo |
| 45% down | $707.45/mo |
| 50% down | $643.14/mo |
$348,000 Home at 4%
| 0% down | $1,661.41/mo |
| 5% down | $1,578.33/mo |
| 10% down | $1,495.26/mo |
| 15% down | $1,412.19/mo |
| 20% down | $1,329.12/mo |
| 25% down | $1,246.05/mo |
| 30% down | $1,162.98/mo |
| 35% down | $1,079.91/mo |
| 40% down | $996.84/mo |
| 45% down | $913.77/mo |
| 50% down | $830.70/mo |
$348,000 Home at 6%
| 0% down | $2,086.44/mo |
| 5% down | $1,982.11/mo |
| 10% down | $1,877.79/mo |
| 15% down | $1,773.47/mo |
| 20% down | $1,669.15/mo |
| 25% down | $1,564.83/mo |
| 30% down | $1,460.51/mo |
| 35% down | $1,356.18/mo |
| 40% down | $1,251.86/mo |
| 45% down | $1,147.54/mo |
| 50% down | $1,043.22/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.