Use the mortgage calculator to calculate the cost of buying a $368k 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 368,000 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 $368,000 house.
$368,000 Home at 2%
| 0% down | $1,360.20/mo |
| 5% down | $1,292.19/mo |
| 10% down | $1,224.18/mo |
| 15% down | $1,156.17/mo |
| 20% down | $1,088.16/mo |
| 25% down | $1,020.15/mo |
| 30% down | $952.14/mo |
| 35% down | $884.13/mo |
| 40% down | $816.12/mo |
| 45% down | $748.11/mo |
| 50% down | $680.10/mo |
$368,000 Home at 4%
| 0% down | $1,756.89/mo |
| 5% down | $1,669.04/mo |
| 10% down | $1,581.20/mo |
| 15% down | $1,493.36/mo |
| 20% down | $1,405.51/mo |
| 25% down | $1,317.67/mo |
| 30% down | $1,229.82/mo |
| 35% down | $1,141.98/mo |
| 40% down | $1,054.13/mo |
| 45% down | $966.29/mo |
| 50% down | $878.44/mo |
$368,000 Home at 6%
| 0% down | $2,206.35/mo |
| 5% down | $2,096.03/mo |
| 10% down | $1,985.71/mo |
| 15% down | $1,875.39/mo |
| 20% down | $1,765.08/mo |
| 25% down | $1,654.76/mo |
| 30% down | $1,544.44/mo |
| 35% down | $1,434.12/mo |
| 40% down | $1,323.81/mo |
| 45% down | $1,213.49/mo |
| 50% down | $1,103.17/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.