Use the mortgage calculator to calculate the cost of buying a $358k 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 358,000 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 $358,000 house.
2% interest
0% down | $1,323.24/mo |
5% down | $1,257.08/mo |
10% down | $1,190.91/mo |
15% down | $1,124.75/mo |
20% down | $1,058.59/mo |
25% down | $992.43/mo |
30% down | $926.27/mo |
35% down | $860.10/mo |
40% down | $793.94/mo |
45% down | $727.78/mo |
50% down | $661.62/mo |
4% interest
0% down | $1,709.15/mo |
5% down | $1,623.69/mo |
10% down | $1,538.23/mo |
15% down | $1,452.77/mo |
20% down | $1,367.32/mo |
25% down | $1,281.86/mo |
30% down | $1,196.40/mo |
35% down | $1,110.95/mo |
40% down | $1,025.49/mo |
45% down | $940.03/mo |
50% down | $854.57/mo |
6% interest
0% down | $2,146.39/mo |
5% down | $2,039.07/mo |
10% down | $1,931.75/mo |
15% down | $1,824.43/mo |
20% down | $1,717.11/mo |
25% down | $1,609.79/mo |
30% down | $1,502.47/mo |
35% down | $1,395.15/mo |
40% down | $1,287.83/mo |
45% down | $1,180.51/mo |
50% down | $1,073.20/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.