Use the mortgage calculator to calculate the cost of buying a $371k 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 371,000 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 $371,000 house.
$371,000 Home at 2%
| 0% down | $1,371.29/mo |
| 5% down | $1,302.72/mo |
| 10% down | $1,234.16/mo |
| 15% down | $1,165.60/mo |
| 20% down | $1,097.03/mo |
| 25% down | $1,028.47/mo |
| 30% down | $959.90/mo |
| 35% down | $891.34/mo |
| 40% down | $822.77/mo |
| 45% down | $754.21/mo |
| 50% down | $685.64/mo |
$371,000 Home at 4%
| 0% down | $1,771.21/mo |
| 5% down | $1,682.65/mo |
| 10% down | $1,594.09/mo |
| 15% down | $1,505.53/mo |
| 20% down | $1,416.97/mo |
| 25% down | $1,328.41/mo |
| 30% down | $1,239.85/mo |
| 35% down | $1,151.29/mo |
| 40% down | $1,062.73/mo |
| 45% down | $974.17/mo |
| 50% down | $885.61/mo |
$371,000 Home at 6%
| 0% down | $2,224.33/mo |
| 5% down | $2,113.12/mo |
| 10% down | $2,001.90/mo |
| 15% down | $1,890.68/mo |
| 20% down | $1,779.47/mo |
| 25% down | $1,668.25/mo |
| 30% down | $1,557.03/mo |
| 35% down | $1,445.82/mo |
| 40% down | $1,334.60/mo |
| 45% down | $1,223.38/mo |
| 50% down | $1,112.17/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.