$387,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $387k 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 387,000 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 $387,000 house.
2% interest
0% down$1,430.43/mo
5% down$1,358.91/mo
10% down$1,287.38/mo
15% down$1,215.86/mo
20% down$1,144.34/mo
25% down$1,072.82/mo
30% down$1,001.30/mo
35% down$929.78/mo
40% down$858.26/mo
45% down$786.74/mo
50% down$715.21/mo
4% interest
0% down$1,847.60/mo
5% down$1,755.22/mo
10% down$1,662.84/mo
15% down$1,570.46/mo
20% down$1,478.08/mo
25% down$1,385.70/mo
30% down$1,293.32/mo
35% down$1,200.94/mo
40% down$1,108.56/mo
45% down$1,016.18/mo
50% down$923.80/mo
6% interest
0% down$2,320.26/mo
5% down$2,204.25/mo
10% down$2,088.23/mo
15% down$1,972.22/mo
20% down$1,856.21/mo
25% down$1,740.20/mo
30% down$1,624.18/mo
35% down$1,508.17/mo
40% down$1,392.16/mo
45% down$1,276.14/mo
50% down$1,160.13/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 387,000 house with a 20% down payment?
($309,600 loan. 30 year mortgage)
0.25%$892.74
0.50%$926.29
0.75%$960.64
1.00%$995.80
1.25%$1,031.75
1.50%$1,068.49
1.75%$1,106.03
2.00%$1,144.34
2.25%$1,183.43
2.50%$1,223.29
2.75%$1,263.91
3.00%$1,305.29
3.25%$1,347.40
3.50%$1,390.24
3.75%$1,433.81
4.00%$1,478.08
4.25%$1,523.05
4.50%$1,568.70
4.75%$1,615.02
5.00%$1,662.00
5.25%$1,709.62
5.50%$1,757.87
5.75%$1,806.74
6.00%$1,856.21
6.25%$1,906.26
6.50%$1,956.88
6.75%$2,008.06
7.00%$2,059.78
7.25%$2,112.02
7.50%$2,164.77
7.75%$2,218.01
8.00%$2,271.74
8.25%$2,325.92
8.50%$2,380.56
8.75%$2,435.62
9.00%$2,491.11
9.25%$2,547.00
9.50%$2,603.28
9.75%$2,659.94
10.00%$2,716.96
10.25%$2,774.33
10.50%$2,832.03
10.75%$2,890.06
11.00%$2,948.39
11.25%$3,007.03
11.50%$3,065.94
11.75%$3,125.13
12.00%$3,184.58