What's the Monthly Payment on a 400k Mortgage?
The monthly payment depends on the loan amount, interest rate, and length of the loan. A typical mortgage is 30 years, spread out of 360 equal monthly payments. Enter your loan details above for a specific calculation. The chart below shows the monthly payment for a mortgage amount of 400,000.
What's the Down Payment on a 400k Home?
A typical down payment is 20% of the purchase price. For a $400,000 home, a twenty percent down payment would be $80,000, leaving a loan amount of $320,000. View the monthly payment table below on a 400,000 home price with a 20% down payment.
| Purchase Price |
Down Payment |
Loan Amount |
Rate |
Monthly Payment (30 Year Mortgage) |
| 400,000 |
80,000 |
320,000 |
3.25% |
$1,393 / mo |
| 400,000 |
80,000 |
320,000 |
3.50% |
$1,437 / mo |
| 400,000 |
80,000 |
320,000 |
3.75% |
$1,482 / mo |
| 400,000 |
80,000 |
320,000 |
4.00% |
$1,528 / mo |
| 400,000 |
80,000 |
320,000 |
4.25% |
$1,574 / mo |
| 400,000 |
80,000 |
320,000 |
4.50% |
$1,621 / mo |
| 400,000 |
80,000 |
320,000 |
4.75% |
$1,669 / mo |
| 400,000 |
80,000 |
320,000 |
5.00% |
$1,718 / mo |
| 400,000 |
80,000 |
320,000 |
5.25% |
$1,767 / mo |
| 400,000 |
80,000 |
320,000 |
5.50% |
$1,817 / mo |
| 400,000 |
80,000 |
320,000 |
5.75% |
$1,867 / mo |
| 400,000 |
80,000 |
320,000 |
6.00% |
$1,919 / mo |
| 400,000 |
80,000 |
320,000 |
6.25% |
$1,970 / mo |
| 400,000 |
80,000 |
320,000 |
6.50% |
$2,023 / mo |
| 400,000 |
80,000 |
320,000 |
6.75% |
$2,076 / mo |
| 400,000 |
80,000 |
320,000 |
7.00% |
$2,129 / mo |
How To Get a Mortgage?
The best way to get a mortgage is to speak with your local bank and then compare against other rates. This can be used to negotiate. Make sure to consider all the costs as well as the advertised rate. Some lenders charge higher fees. This can affect the total cost of the mortgage.
It's surprising how a small change in rates can have a big impact on the total amount paid over the course of the mortgage. The difference in payments between a 5.5% and 6% APR over 30 years on a 400k mortgage is
$127.05 per month. That equates to a $45,737 difference over the course of 360 payments. View the chart below to see the total amount paid for a 400,000 mortgage over 30 years.
| Loan Amount |
Rate |
Monthly Payment (30 Year Mortgage) |
Total Paid Over 30 Years |
| 400,000 |
3.00% |
$1,686 / mo |
$607,110 |
| 400,000 |
3.50% |
$1,796 / mo |
$646,624 |
| 400,000 |
4.00% |
$1,910 / mo |
$687,478 |
| 400,000 |
4.50% |
$2,027 / mo |
$729,627 |
| 400,000 |
5.00% |
$2,147 / mo |
$773,023 |
| 400,000 |
5.50% |
$2,271 / mo |
$817,616 |
| 400,000 |
6.00% |
$2,398 / mo |
$863,353 |
| 400,000 |
6.50% |
$2,528 / mo |
$910,178 |
| 400,000 |
7.00% |
$2,661 / mo |
$958,036 |
Browse by Home Price
| 401,000 |
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