Use the mortgage calculator to calculate the cost of buying a $354k 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 354,000 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 $354,000 house.
$354,000 Home at 2%
| 0% down | $1,308.45/mo |
| 5% down | $1,243.03/mo |
| 10% down | $1,177.61/mo |
| 15% down | $1,112.18/mo |
| 20% down | $1,046.76/mo |
| 25% down | $981.34/mo |
| 30% down | $915.92/mo |
| 35% down | $850.49/mo |
| 40% down | $785.07/mo |
| 45% down | $719.65/mo |
| 50% down | $654.23/mo |
$354,000 Home at 4%
| 0% down | $1,690.05/mo |
| 5% down | $1,605.55/mo |
| 10% down | $1,521.05/mo |
| 15% down | $1,436.54/mo |
| 20% down | $1,352.04/mo |
| 25% down | $1,267.54/mo |
| 30% down | $1,183.04/mo |
| 35% down | $1,098.53/mo |
| 40% down | $1,014.03/mo |
| 45% down | $929.53/mo |
| 50% down | $845.03/mo |
$354,000 Home at 6%
| 0% down | $2,122.41/mo |
| 5% down | $2,016.29/mo |
| 10% down | $1,910.17/mo |
| 15% down | $1,804.05/mo |
| 20% down | $1,697.93/mo |
| 25% down | $1,591.81/mo |
| 30% down | $1,485.69/mo |
| 35% down | $1,379.57/mo |
| 40% down | $1,273.45/mo |
| 45% down | $1,167.32/mo |
| 50% down | $1,061.20/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.