Mortgage Payment on a $379,000 House
What's the payment on a $379,000 house? Calculate the monthly mortgage on a house, condo, or apartment which costs $379k.
After a 20% down payment, your loan amount will be $303,200. With a 30-year loan loan at 6.75% interest:
Monthly payment = $1,967
Total yearly payments = $23,599
Payments by Interest Rate
| Interest Rate |
Payment |
| 5.000% |
$1,628 |
| 5.500% |
$1,722 |
| 6.000% |
$1,818 |
| 6.250% |
$1,867 |
| 6.500% |
$1,916 |
| 6.750% |
$1,967 |
| 6.875% |
$1,992 |
| 7.000% |
$2,017 |
| 7.250% |
$2,068 |
| 7.500% |
$2,120 |
| 7.625% |
$2,146 |
| 7.750% |
$2,172 |
| 8.000% |
$2,225 |
Payments by Amount Down
| % Down |
Amount |
Payment |
| 3.5% |
$13,265 |
$2,372 |
| 5.0% |
$18,950 |
$2,335 |
| 7.5% |
$28,425 |
$2,274 |
| 10% |
$37,900 |
$2,212 |
| 15% |
$56,850 |
$2,089 |
| 20% |
$75,800 |
$1,967 |
| 25% |
$94,750 |
$1,844 |
| 30% |
$113,700 |
$1,721 |
| 50% |
$189,500 |
$1,229 |
Payments by Loan Length
| Length |
Payment |
| 10 years |
$3,481 |
| 15 years |
$2,683 |
| 20 years |
$2,305 |
| 30 years |
$1,967 |
| 40 years |
$1,829 |
| Interest only |
$1,706 |
Can I afford a $379,000 house?
Traditionally, the "28% rule" means a person should not spend more than 28% of their pre-tax income on total housing costs.
Let's assume that taxes and insurance are 2% of the house price annually. Here's how much you'd have to make to afford a house that costs $379,000 with a 6.75% loan:
| % Down |
Down Payment |
Income Needed |
| 3.5% |
$13,265 |
$128,735 |
| 5.0% |
$18,950 |
$127,155 |
| 7.5% |
$28,425 |
$124,521 |
| 10% |
$37,900 |
$121,887 |
| 15% |
$56,850 |
$116,620 |
| 20% |
$75,800 |
$111,352 |
| 25% |
$94,750 |
$106,085 |
| 30% |
$113,700 |
$100,817 |
| 50% |
$189,500 |
$79,747 |