Use the mortgage calculator to calculate the cost of buying a $353k 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 353,000 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 $353,000 house.
2% interest
| 0% down | $1,304.76/mo |
| 5% down | $1,239.52/mo |
| 10% down | $1,174.28/mo |
| 15% down | $1,109.04/mo |
| 20% down | $1,043.81/mo |
| 25% down | $978.57/mo |
| 30% down | $913.33/mo |
| 35% down | $848.09/mo |
| 40% down | $782.85/mo |
| 45% down | $717.62/mo |
| 50% down | $652.38/mo |
4% interest
| 0% down | $1,685.28/mo |
| 5% down | $1,601.01/mo |
| 10% down | $1,516.75/mo |
| 15% down | $1,432.48/mo |
| 20% down | $1,348.22/mo |
| 25% down | $1,263.96/mo |
| 30% down | $1,179.69/mo |
| 35% down | $1,095.43/mo |
| 40% down | $1,011.17/mo |
| 45% down | $926.90/mo |
| 50% down | $842.64/mo |
6% interest
| 0% down | $2,116.41/mo |
| 5% down | $2,010.59/mo |
| 10% down | $1,904.77/mo |
| 15% down | $1,798.95/mo |
| 20% down | $1,693.13/mo |
| 25% down | $1,587.31/mo |
| 30% down | $1,481.49/mo |
| 35% down | $1,375.67/mo |
| 40% down | $1,269.85/mo |
| 45% down | $1,164.03/mo |
| 50% down | $1,058.21/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.