Use the mortgage calculator to calculate the cost of buying a $383k 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 383,000 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 $383,000 house.
$383,000 Home at 2%
| 0% down | $1,415.64/mo |
| 5% down | $1,344.86/mo |
| 10% down | $1,274.08/mo |
| 15% down | $1,203.30/mo |
| 20% down | $1,132.51/mo |
| 25% down | $1,061.73/mo |
| 30% down | $990.95/mo |
| 35% down | $920.17/mo |
| 40% down | $849.39/mo |
| 45% down | $778.60/mo |
| 50% down | $707.82/mo |
$383,000 Home at 4%
| 0% down | $1,828.50/mo |
| 5% down | $1,737.08/mo |
| 10% down | $1,645.65/mo |
| 15% down | $1,554.23/mo |
| 20% down | $1,462.80/mo |
| 25% down | $1,371.38/mo |
| 30% down | $1,279.95/mo |
| 35% down | $1,188.53/mo |
| 40% down | $1,097.10/mo |
| 45% down | $1,005.68/mo |
| 50% down | $914.25/mo |
$383,000 Home at 6%
| 0% down | $2,296.28/mo |
| 5% down | $2,181.46/mo |
| 10% down | $2,066.65/mo |
| 15% down | $1,951.84/mo |
| 20% down | $1,837.02/mo |
| 25% down | $1,722.21/mo |
| 30% down | $1,607.39/mo |
| 35% down | $1,492.58/mo |
| 40% down | $1,377.77/mo |
| 45% down | $1,262.95/mo |
| 50% down | $1,148.14/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.