Use the mortgage calculator to calculate the cost of buying a $391k 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 391,000 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 $391,000 house.
$391,000 Home at 2%
| 0% down | $1,445.21/mo |
| 5% down | $1,372.95/mo |
| 10% down | $1,300.69/mo |
| 15% down | $1,228.43/mo |
| 20% down | $1,156.17/mo |
| 25% down | $1,083.91/mo |
| 30% down | $1,011.65/mo |
| 35% down | $939.39/mo |
| 40% down | $867.13/mo |
| 45% down | $794.87/mo |
| 50% down | $722.61/mo |
$391,000 Home at 4%
| 0% down | $1,866.69/mo |
| 5% down | $1,773.36/mo |
| 10% down | $1,680.02/mo |
| 15% down | $1,586.69/mo |
| 20% down | $1,493.36/mo |
| 25% down | $1,400.02/mo |
| 30% down | $1,306.69/mo |
| 35% down | $1,213.35/mo |
| 40% down | $1,120.02/mo |
| 45% down | $1,026.68/mo |
| 50% down | $933.35/mo |
$391,000 Home at 6%
| 0% down | $2,344.24/mo |
| 5% down | $2,227.03/mo |
| 10% down | $2,109.82/mo |
| 15% down | $1,992.61/mo |
| 20% down | $1,875.39/mo |
| 25% down | $1,758.18/mo |
| 30% down | $1,640.97/mo |
| 35% down | $1,523.76/mo |
| 40% down | $1,406.55/mo |
| 45% down | $1,289.33/mo |
| 50% down | $1,172.12/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.