Use the mortgage calculator to calculate the cost of buying a $381k 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 381,000 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 $381,000 house.
$381,000 Home at 2%
| 0% down | $1,408.25/mo |
| 5% down | $1,337.84/mo |
| 10% down | $1,267.43/mo |
| 15% down | $1,197.01/mo |
| 20% down | $1,126.60/mo |
| 25% down | $1,056.19/mo |
| 30% down | $985.78/mo |
| 35% down | $915.36/mo |
| 40% down | $844.95/mo |
| 45% down | $774.54/mo |
| 50% down | $704.13/mo |
$381,000 Home at 4%
| 0% down | $1,818.95/mo |
| 5% down | $1,728.00/mo |
| 10% down | $1,637.06/mo |
| 15% down | $1,546.11/mo |
| 20% down | $1,455.16/mo |
| 25% down | $1,364.21/mo |
| 30% down | $1,273.27/mo |
| 35% down | $1,182.32/mo |
| 40% down | $1,091.37/mo |
| 45% down | $1,000.42/mo |
| 50% down | $909.48/mo |
$381,000 Home at 6%
| 0% down | $2,284.29/mo |
| 5% down | $2,170.07/mo |
| 10% down | $2,055.86/mo |
| 15% down | $1,941.64/mo |
| 20% down | $1,827.43/mo |
| 25% down | $1,713.22/mo |
| 30% down | $1,599.00/mo |
| 35% down | $1,484.79/mo |
| 40% down | $1,370.57/mo |
| 45% down | $1,256.36/mo |
| 50% down | $1,142.14/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.