Use the mortgage calculator to calculate the cost of buying a $375k 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 375,000 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 $375,000 house.
$375,000 Home at 2%
| 0% down | $1,386.07/mo |
| 5% down | $1,316.77/mo |
| 10% down | $1,247.47/mo |
| 15% down | $1,178.16/mo |
| 20% down | $1,108.86/mo |
| 25% down | $1,039.55/mo |
| 30% down | $970.25/mo |
| 35% down | $900.95/mo |
| 40% down | $831.64/mo |
| 45% down | $762.34/mo |
| 50% down | $693.04/mo |
$375,000 Home at 4%
| 0% down | $1,790.31/mo |
| 5% down | $1,700.79/mo |
| 10% down | $1,611.28/mo |
| 15% down | $1,521.76/mo |
| 20% down | $1,432.25/mo |
| 25% down | $1,342.73/mo |
| 30% down | $1,253.22/mo |
| 35% down | $1,163.70/mo |
| 40% down | $1,074.18/mo |
| 45% down | $984.67/mo |
| 50% down | $895.15/mo |
$375,000 Home at 6%
| 0% down | $2,248.31/mo |
| 5% down | $2,135.90/mo |
| 10% down | $2,023.48/mo |
| 15% down | $1,911.07/mo |
| 20% down | $1,798.65/mo |
| 25% down | $1,686.24/mo |
| 30% down | $1,573.82/mo |
| 35% down | $1,461.40/mo |
| 40% down | $1,348.99/mo |
| 45% down | $1,236.57/mo |
| 50% down | $1,124.16/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.