$400,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $400k 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 400,000 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 $400,000 house.
2% interest
0% down$1,478.48/mo
5% down$1,404.55/mo
10% down$1,330.63/mo
15% down$1,256.71/mo
20% down$1,182.78/mo
25% down$1,108.86/mo
30% down$1,034.93/mo
35% down$961.01/mo
40% down$887.09/mo
45% down$813.16/mo
50% down$739.24/mo
4% interest
0% down$1,909.66/mo
5% down$1,814.18/mo
10% down$1,718.70/mo
15% down$1,623.21/mo
20% down$1,527.73/mo
25% down$1,432.25/mo
30% down$1,336.76/mo
35% down$1,241.28/mo
40% down$1,145.80/mo
45% down$1,050.31/mo
50% down$954.83/mo
6% interest
0% down$2,398.20/mo
5% down$2,278.29/mo
10% down$2,158.38/mo
15% down$2,038.47/mo
20% down$1,918.56/mo
25% down$1,798.65/mo
30% down$1,678.74/mo
35% down$1,558.83/mo
40% down$1,438.92/mo
45% down$1,319.01/mo
50% down$1,199.10/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 400,000 house with a 20% down payment?
($320,000 loan. 30 year mortgage)
0.25%$922.73
0.50%$957.41
0.75%$992.91
1.00%$1,029.25
1.25%$1,066.41
1.50%$1,104.38
1.75%$1,143.18
2.00%$1,182.78
2.25%$1,223.19
2.50%$1,264.39
2.75%$1,306.37
3.00%$1,349.13
3.25%$1,392.66
3.50%$1,436.94
3.75%$1,481.97
4.00%$1,527.73
4.25%$1,574.21
4.50%$1,621.39
4.75%$1,669.27
5.00%$1,717.83
5.25%$1,767.05
5.50%$1,816.92
5.75%$1,867.43
6.00%$1,918.56
6.25%$1,970.30
6.50%$2,022.62
6.75%$2,075.51
7.00%$2,128.97
7.25%$2,182.96
7.50%$2,237.49
7.75%$2,292.52
8.00%$2,348.05
8.25%$2,404.05
8.50%$2,460.52
8.75%$2,517.44
9.00%$2,574.79
9.25%$2,632.56
9.50%$2,690.73
9.75%$2,749.29
10.00%$2,808.23
10.25%$2,867.52
10.50%$2,927.17
10.75%$2,987.14
11.00%$3,047.43
11.25%$3,108.04
11.50%$3,168.93
11.75%$3,230.11
12.00%$3,291.56