Use the mortgage calculator to calculate the cost of buying a $374k 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 374,000 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 $374,000 house.
$374,000 Home at 2%
| 0% down | $1,382.38/mo |
| 5% down | $1,313.26/mo |
| 10% down | $1,244.14/mo |
| 15% down | $1,175.02/mo |
| 20% down | $1,105.90/mo |
| 25% down | $1,036.78/mo |
| 30% down | $967.66/mo |
| 35% down | $898.54/mo |
| 40% down | $829.43/mo |
| 45% down | $760.31/mo |
| 50% down | $691.19/mo |
$374,000 Home at 4%
| 0% down | $1,785.53/mo |
| 5% down | $1,696.26/mo |
| 10% down | $1,606.98/mo |
| 15% down | $1,517.70/mo |
| 20% down | $1,428.43/mo |
| 25% down | $1,339.15/mo |
| 30% down | $1,249.87/mo |
| 35% down | $1,160.60/mo |
| 40% down | $1,071.32/mo |
| 45% down | $982.04/mo |
| 50% down | $892.77/mo |
$374,000 Home at 6%
| 0% down | $2,242.32/mo |
| 5% down | $2,130.20/mo |
| 10% down | $2,018.09/mo |
| 15% down | $1,905.97/mo |
| 20% down | $1,793.86/mo |
| 25% down | $1,681.74/mo |
| 30% down | $1,569.62/mo |
| 35% down | $1,457.51/mo |
| 40% down | $1,345.39/mo |
| 45% down | $1,233.28/mo |
| 50% down | $1,121.16/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.