$396,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $396k 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 396,000 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 $396,000 house.
2% interest
0% down$1,463.69/mo
5% down$1,390.51/mo
10% down$1,317.32/mo
15% down$1,244.14/mo
20% down$1,170.95/mo
25% down$1,097.77/mo
30% down$1,024.59/mo
35% down$951.40/mo
40% down$878.22/mo
45% down$805.03/mo
50% down$731.85/mo
4% interest
0% down$1,890.56/mo
5% down$1,796.04/mo
10% down$1,701.51/mo
15% down$1,606.98/mo
20% down$1,512.45/mo
25% down$1,417.92/mo
30% down$1,323.40/mo
35% down$1,228.87/mo
40% down$1,134.34/mo
45% down$1,039.81/mo
50% down$945.28/mo
6% interest
0% down$2,374.22/mo
5% down$2,255.51/mo
10% down$2,136.80/mo
15% down$2,018.09/mo
20% down$1,899.38/mo
25% down$1,780.67/mo
30% down$1,661.95/mo
35% down$1,543.24/mo
40% down$1,424.53/mo
45% down$1,305.82/mo
50% down$1,187.11/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 396,000 house with a 20% down payment?
($316,800 loan. 30 year mortgage)
0.25%$913.50
0.50%$947.83
0.75%$982.98
1.00%$1,018.95
1.25%$1,055.74
1.50%$1,093.34
1.75%$1,131.75
2.00%$1,170.95
2.25%$1,210.96
2.50%$1,251.74
2.75%$1,293.31
3.00%$1,335.64
3.25%$1,378.73
3.50%$1,422.57
3.75%$1,467.15
4.00%$1,512.45
4.25%$1,558.47
4.50%$1,605.18
4.75%$1,652.58
5.00%$1,700.65
5.25%$1,749.38
5.50%$1,798.76
5.75%$1,848.76
6.00%$1,899.38
6.25%$1,950.59
6.50%$2,002.39
6.75%$2,054.76
7.00%$2,107.68
7.25%$2,161.13
7.50%$2,215.11
7.75%$2,269.59
8.00%$2,324.57
8.25%$2,380.01
8.50%$2,435.92
8.75%$2,492.27
9.00%$2,549.04
9.25%$2,606.24
9.50%$2,663.83
9.75%$2,721.80
10.00%$2,780.15
10.25%$2,838.85
10.50%$2,897.89
10.75%$2,957.27
11.00%$3,016.96
11.25%$3,076.96
11.50%$3,137.24
11.75%$3,197.81
12.00%$3,258.64