Use the mortgage calculator to calculate the cost of buying a $351k 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 351,000 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 $351,000 house.
$351,000 Home at 2%
| 0% down | $1,297.36/mo |
| 5% down | $1,232.50/mo |
| 10% down | $1,167.63/mo |
| 15% down | $1,102.76/mo |
| 20% down | $1,037.89/mo |
| 25% down | $973.02/mo |
| 30% down | $908.16/mo |
| 35% down | $843.29/mo |
| 40% down | $778.42/mo |
| 45% down | $713.55/mo |
| 50% down | $648.68/mo |
$351,000 Home at 4%
| 0% down | $1,675.73/mo |
| 5% down | $1,591.94/mo |
| 10% down | $1,508.15/mo |
| 15% down | $1,424.37/mo |
| 20% down | $1,340.58/mo |
| 25% down | $1,256.80/mo |
| 30% down | $1,173.01/mo |
| 35% down | $1,089.22/mo |
| 40% down | $1,005.44/mo |
| 45% down | $921.65/mo |
| 50% down | $837.86/mo |
$351,000 Home at 6%
| 0% down | $2,104.42/mo |
| 5% down | $1,999.20/mo |
| 10% down | $1,893.98/mo |
| 15% down | $1,788.76/mo |
| 20% down | $1,683.54/mo |
| 25% down | $1,578.32/mo |
| 30% down | $1,473.10/mo |
| 35% down | $1,367.87/mo |
| 40% down | $1,262.65/mo |
| 45% down | $1,157.43/mo |
| 50% down | $1,052.21/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.