Use the mortgage calculator to calculate the cost of buying a $440k 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 440,000 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 $440,000 house.
$440,000 Home at 2%
| 0% down | $1,626.33/mo |
| 5% down | $1,545.01/mo |
| 10% down | $1,463.69/mo |
| 15% down | $1,382.38/mo |
| 20% down | $1,301.06/mo |
| 25% down | $1,219.74/mo |
| 30% down | $1,138.43/mo |
| 35% down | $1,057.11/mo |
| 40% down | $975.80/mo |
| 45% down | $894.48/mo |
| 50% down | $813.16/mo |
$440,000 Home at 4%
| 0% down | $2,100.63/mo |
| 5% down | $1,995.60/mo |
| 10% down | $1,890.56/mo |
| 15% down | $1,785.53/mo |
| 20% down | $1,680.50/mo |
| 25% down | $1,575.47/mo |
| 30% down | $1,470.44/mo |
| 35% down | $1,365.41/mo |
| 40% down | $1,260.38/mo |
| 45% down | $1,155.35/mo |
| 50% down | $1,050.31/mo |
$440,000 Home at 6%
| 0% down | $2,638.02/mo |
| 5% down | $2,506.12/mo |
| 10% down | $2,374.22/mo |
| 15% down | $2,242.32/mo |
| 20% down | $2,110.42/mo |
| 25% down | $1,978.52/mo |
| 30% down | $1,846.62/mo |
| 35% down | $1,714.71/mo |
| 40% down | $1,582.81/mo |
| 45% down | $1,450.91/mo |
| 50% down | $1,319.01/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.