Use the mortgage calculator to calculate the cost of buying a $380k 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 380,000 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 $380,000 house.
$380,000 Home at 2%
0% down | $1,404.55/mo |
5% down | $1,334.33/mo |
10% down | $1,264.10/mo |
15% down | $1,193.87/mo |
20% down | $1,123.64/mo |
25% down | $1,053.42/mo |
30% down | $983.19/mo |
35% down | $912.96/mo |
40% down | $842.73/mo |
45% down | $772.50/mo |
50% down | $702.28/mo |
$380,000 Home at 4%
0% down | $1,814.18/mo |
5% down | $1,723.47/mo |
10% down | $1,632.76/mo |
15% down | $1,542.05/mo |
20% down | $1,451.34/mo |
25% down | $1,360.63/mo |
30% down | $1,269.92/mo |
35% down | $1,179.22/mo |
40% down | $1,088.51/mo |
45% down | $997.80/mo |
50% down | $907.09/mo |
$380,000 Home at 6%
0% down | $2,278.29/mo |
5% down | $2,164.38/mo |
10% down | $2,050.46/mo |
15% down | $1,936.55/mo |
20% down | $1,822.63/mo |
25% down | $1,708.72/mo |
30% down | $1,594.80/mo |
35% down | $1,480.89/mo |
40% down | $1,366.98/mo |
45% down | $1,253.06/mo |
50% down | $1,139.15/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.