Use the mortgage calculator to calculate the cost of buying a $399k 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 399,000 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 $399,000 house.
$399,000 Home at 2%
| 0% down | $1,474.78/mo |
| 5% down | $1,401.04/mo |
| 10% down | $1,327.30/mo |
| 15% down | $1,253.56/mo |
| 20% down | $1,179.83/mo |
| 25% down | $1,106.09/mo |
| 30% down | $1,032.35/mo |
| 35% down | $958.61/mo |
| 40% down | $884.87/mo |
| 45% down | $811.13/mo |
| 50% down | $737.39/mo |
$399,000 Home at 4%
| 0% down | $1,904.89/mo |
| 5% down | $1,809.64/mo |
| 10% down | $1,714.40/mo |
| 15% down | $1,619.15/mo |
| 20% down | $1,523.91/mo |
| 25% down | $1,428.67/mo |
| 30% down | $1,333.42/mo |
| 35% down | $1,238.18/mo |
| 40% down | $1,142.93/mo |
| 45% down | $1,047.69/mo |
| 50% down | $952.44/mo |
$399,000 Home at 6%
| 0% down | $2,392.21/mo |
| 5% down | $2,272.60/mo |
| 10% down | $2,152.99/mo |
| 15% down | $2,033.38/mo |
| 20% down | $1,913.77/mo |
| 25% down | $1,794.15/mo |
| 30% down | $1,674.54/mo |
| 35% down | $1,554.93/mo |
| 40% down | $1,435.32/mo |
| 45% down | $1,315.71/mo |
| 50% down | $1,196.10/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.