$401,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $401k 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 401,000 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 $401,000 house.
2% interest
0% down$1,482.17/mo
5% down$1,408.07/mo
10% down$1,333.96/mo
15% down$1,259.85/mo
20% down$1,185.74/mo
25% down$1,111.63/mo
30% down$1,037.52/mo
35% down$963.41/mo
40% down$889.30/mo
45% down$815.20/mo
50% down$741.09/mo
4% interest
0% down$1,914.44/mo
5% down$1,818.71/mo
10% down$1,722.99/mo
15% down$1,627.27/mo
20% down$1,531.55/mo
25% down$1,435.83/mo
30% down$1,340.10/mo
35% down$1,244.38/mo
40% down$1,148.66/mo
45% down$1,052.94/mo
50% down$957.22/mo
6% interest
0% down$2,404.20/mo
5% down$2,283.99/mo
10% down$2,163.78/mo
15% down$2,043.57/mo
20% down$1,923.36/mo
25% down$1,803.15/mo
30% down$1,682.94/mo
35% down$1,562.73/mo
40% down$1,442.52/mo
45% down$1,322.31/mo
50% down$1,202.10/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 401,000 house with a 20% down payment?
($320,800 loan. 30 year mortgage)
0.25%$925.04
0.50%$959.80
0.75%$995.39
1.00%$1,031.82
1.25%$1,069.07
1.50%$1,107.15
1.75%$1,146.04
2.00%$1,185.74
2.25%$1,226.25
2.50%$1,267.55
2.75%$1,309.64
3.00%$1,352.51
3.25%$1,396.14
3.50%$1,440.54
3.75%$1,485.67
4.00%$1,531.55
4.25%$1,578.14
4.50%$1,625.45
4.75%$1,673.44
5.00%$1,722.12
5.25%$1,771.47
5.50%$1,821.47
5.75%$1,872.10
6.00%$1,923.36
6.25%$1,975.22
6.50%$2,027.67
6.75%$2,080.70
7.00%$2,134.29
7.25%$2,188.42
7.50%$2,243.08
7.75%$2,298.25
8.00%$2,353.92
8.25%$2,410.06
8.50%$2,466.67
8.75%$2,523.73
9.00%$2,581.23
9.25%$2,639.14
9.50%$2,697.46
9.75%$2,756.17
10.00%$2,815.25
10.25%$2,874.69
10.50%$2,934.48
10.75%$2,994.61
11.00%$3,055.05
11.25%$3,115.81
11.50%$3,176.85
11.75%$3,238.19
12.00%$3,299.79