Use the mortgage calculator to calculate the cost of buying a $384k 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 384,000 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 $384,000 house.
$384,000 Home at 2%
0% down | $1,419.34/mo |
5% down | $1,348.37/mo |
10% down | $1,277.40/mo |
15% down | $1,206.44/mo |
20% down | $1,135.47/mo |
25% down | $1,064.50/mo |
30% down | $993.54/mo |
35% down | $922.57/mo |
40% down | $851.60/mo |
45% down | $780.64/mo |
50% down | $709.67/mo |
$384,000 Home at 4%
0% down | $1,833.27/mo |
5% down | $1,741.61/mo |
10% down | $1,649.95/mo |
15% down | $1,558.28/mo |
20% down | $1,466.62/mo |
25% down | $1,374.96/mo |
30% down | $1,283.29/mo |
35% down | $1,191.63/mo |
40% down | $1,099.96/mo |
45% down | $1,008.30/mo |
50% down | $916.64/mo |
$384,000 Home at 6%
0% down | $2,302.27/mo |
5% down | $2,187.16/mo |
10% down | $2,072.05/mo |
15% down | $1,956.93/mo |
20% down | $1,841.82/mo |
25% down | $1,726.71/mo |
30% down | $1,611.59/mo |
35% down | $1,496.48/mo |
40% down | $1,381.36/mo |
45% down | $1,266.25/mo |
50% down | $1,151.14/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.