Use the mortgage calculator to calculate the cost of buying a $390k 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 390,000 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 $390,000 house.
$390,000 Home at 2%
| 0% down | $1,441.52/mo |
| 5% down | $1,369.44/mo |
| 10% down | $1,297.36/mo |
| 15% down | $1,225.29/mo |
| 20% down | $1,153.21/mo |
| 25% down | $1,081.14/mo |
| 30% down | $1,009.06/mo |
| 35% down | $936.99/mo |
| 40% down | $864.91/mo |
| 45% down | $792.83/mo |
| 50% down | $720.76/mo |
$390,000 Home at 4%
| 0% down | $1,861.92/mo |
| 5% down | $1,768.82/mo |
| 10% down | $1,675.73/mo |
| 15% down | $1,582.63/mo |
| 20% down | $1,489.54/mo |
| 25% down | $1,396.44/mo |
| 30% down | $1,303.34/mo |
| 35% down | $1,210.25/mo |
| 40% down | $1,117.15/mo |
| 45% down | $1,024.06/mo |
| 50% down | $930.96/mo |
$390,000 Home at 6%
| 0% down | $2,338.25/mo |
| 5% down | $2,221.33/mo |
| 10% down | $2,104.42/mo |
| 15% down | $1,987.51/mo |
| 20% down | $1,870.60/mo |
| 25% down | $1,753.69/mo |
| 30% down | $1,636.77/mo |
| 35% down | $1,519.86/mo |
| 40% down | $1,402.95/mo |
| 45% down | $1,286.04/mo |
| 50% down | $1,169.12/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.