$397,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $397k 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 397,000 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 $397,000 house.
2% interest
0% down$1,467.39/mo
5% down$1,394.02/mo
10% down$1,320.65/mo
15% down$1,247.28/mo
20% down$1,173.91/mo
25% down$1,100.54/mo
30% down$1,027.17/mo
35% down$953.80/mo
40% down$880.43/mo
45% down$807.06/mo
50% down$733.69/mo
4% interest
0% down$1,895.34/mo
5% down$1,800.57/mo
10% down$1,705.80/mo
15% down$1,611.04/mo
20% down$1,516.27/mo
25% down$1,421.50/mo
30% down$1,326.74/mo
35% down$1,231.97/mo
40% down$1,137.20/mo
45% down$1,042.44/mo
50% down$947.67/mo
6% interest
0% down$2,380.22/mo
5% down$2,261.20/mo
10% down$2,142.19/mo
15% down$2,023.18/mo
20% down$1,904.17/mo
25% down$1,785.16/mo
30% down$1,666.15/mo
35% down$1,547.14/mo
40% down$1,428.13/mo
45% down$1,309.12/mo
50% down$1,190.11/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 397,000 house with a 20% down payment?
($317,600 loan. 30 year mortgage)
0.25%$915.81
0.50%$950.23
0.75%$985.47
1.00%$1,021.53
1.25%$1,058.41
1.50%$1,096.10
1.75%$1,134.61
2.00%$1,173.91
2.25%$1,214.01
2.50%$1,254.90
2.75%$1,296.57
3.00%$1,339.01
3.25%$1,382.22
3.50%$1,426.17
3.75%$1,470.86
4.00%$1,516.27
4.25%$1,562.40
4.50%$1,609.23
4.75%$1,656.75
5.00%$1,704.95
5.25%$1,753.80
5.50%$1,803.30
5.75%$1,853.43
6.00%$1,904.17
6.25%$1,955.52
6.50%$2,007.45
6.75%$2,059.95
7.00%$2,113.00
7.25%$2,166.59
7.50%$2,220.71
7.75%$2,275.33
8.00%$2,330.44
8.25%$2,386.02
8.50%$2,442.07
8.75%$2,498.56
9.00%$2,555.48
9.25%$2,612.82
9.50%$2,670.55
9.75%$2,728.67
10.00%$2,787.17
10.25%$2,846.02
10.50%$2,905.21
10.75%$2,964.74
11.00%$3,024.58
11.25%$3,084.73
11.50%$3,145.17
11.75%$3,205.89
12.00%$3,266.87