Use the mortgage calculator to calculate the cost of buying a $362k 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 362,000 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 $362,000 house.
$362,000 Home at 2%
| 0% down | $1,338.02/mo |
| 5% down | $1,271.12/mo |
| 10% down | $1,204.22/mo |
| 15% down | $1,137.32/mo |
| 20% down | $1,070.42/mo |
| 25% down | $1,003.52/mo |
| 30% down | $936.62/mo |
| 35% down | $869.71/mo |
| 40% down | $802.81/mo |
| 45% down | $735.91/mo |
| 50% down | $669.01/mo |
$362,000 Home at 4%
| 0% down | $1,728.24/mo |
| 5% down | $1,641.83/mo |
| 10% down | $1,555.42/mo |
| 15% down | $1,469.01/mo |
| 20% down | $1,382.59/mo |
| 25% down | $1,296.18/mo |
| 30% down | $1,209.77/mo |
| 35% down | $1,123.36/mo |
| 40% down | $1,036.95/mo |
| 45% down | $950.53/mo |
| 50% down | $864.12/mo |
$362,000 Home at 6%
| 0% down | $2,170.37/mo |
| 5% down | $2,061.85/mo |
| 10% down | $1,953.34/mo |
| 15% down | $1,844.82/mo |
| 20% down | $1,736.30/mo |
| 25% down | $1,627.78/mo |
| 30% down | $1,519.26/mo |
| 35% down | $1,410.74/mo |
| 40% down | $1,302.22/mo |
| 45% down | $1,193.71/mo |
| 50% down | $1,085.19/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.