Use the mortgage calculator to calculate the cost of buying a $359k 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 359,000 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 $359,000 house.
2% interest
| 0% down | $1,326.93/mo |
| 5% down | $1,260.59/mo |
| 10% down | $1,194.24/mo |
| 15% down | $1,127.89/mo |
| 20% down | $1,061.55/mo |
| 25% down | $995.20/mo |
| 30% down | $928.85/mo |
| 35% down | $862.51/mo |
| 40% down | $796.16/mo |
| 45% down | $729.81/mo |
| 50% down | $663.47/mo |
4% interest
| 0% down | $1,713.92/mo |
| 5% down | $1,628.22/mo |
| 10% down | $1,542.53/mo |
| 15% down | $1,456.83/mo |
| 20% down | $1,371.14/mo |
| 25% down | $1,285.44/mo |
| 30% down | $1,199.74/mo |
| 35% down | $1,114.05/mo |
| 40% down | $1,028.35/mo |
| 45% down | $942.66/mo |
| 50% down | $856.96/mo |
6% interest
| 0% down | $2,152.39/mo |
| 5% down | $2,044.77/mo |
| 10% down | $1,937.15/mo |
| 15% down | $1,829.53/mo |
| 20% down | $1,721.91/mo |
| 25% down | $1,614.29/mo |
| 30% down | $1,506.67/mo |
| 35% down | $1,399.05/mo |
| 40% down | $1,291.43/mo |
| 45% down | $1,183.81/mo |
| 50% down | $1,076.19/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.