Use the mortgage calculator to calculate the cost of buying a $421k 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 421,000 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 $421,000 house.
$421,000 Home at 2%
| 0% down | $1,556.10/mo |
| 5% down | $1,478.29/mo |
| 10% down | $1,400.49/mo |
| 15% down | $1,322.68/mo |
| 20% down | $1,244.88/mo |
| 25% down | $1,167.07/mo |
| 30% down | $1,089.27/mo |
| 35% down | $1,011.46/mo |
| 40% down | $933.66/mo |
| 45% down | $855.85/mo |
| 50% down | $778.05/mo |
$421,000 Home at 4%
| 0% down | $2,009.92/mo |
| 5% down | $1,909.42/mo |
| 10% down | $1,808.93/mo |
| 15% down | $1,708.43/mo |
| 20% down | $1,607.93/mo |
| 25% down | $1,507.44/mo |
| 30% down | $1,406.94/mo |
| 35% down | $1,306.45/mo |
| 40% down | $1,205.95/mo |
| 45% down | $1,105.46/mo |
| 50% down | $1,004.96/mo |
$421,000 Home at 6%
| 0% down | $2,524.11/mo |
| 5% down | $2,397.90/mo |
| 10% down | $2,271.70/mo |
| 15% down | $2,145.49/mo |
| 20% down | $2,019.29/mo |
| 25% down | $1,893.08/mo |
| 30% down | $1,766.88/mo |
| 35% down | $1,640.67/mo |
| 40% down | $1,514.46/mo |
| 45% down | $1,388.26/mo |
| 50% down | $1,262.05/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.