Use the mortgage calculator to calculate the cost of buying a $427k 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 427,000 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 $427,000 house.
$427,000 Home at 2%
0% down | $1,578.28/mo |
5% down | $1,499.36/mo |
10% down | $1,420.45/mo |
15% down | $1,341.53/mo |
20% down | $1,262.62/mo |
25% down | $1,183.71/mo |
30% down | $1,104.79/mo |
35% down | $1,025.88/mo |
40% down | $946.97/mo |
45% down | $868.05/mo |
50% down | $789.14/mo |
$427,000 Home at 4%
0% down | $2,038.56/mo |
5% down | $1,936.64/mo |
10% down | $1,834.71/mo |
15% down | $1,732.78/mo |
20% down | $1,630.85/mo |
25% down | $1,528.92/mo |
30% down | $1,426.99/mo |
35% down | $1,325.07/mo |
40% down | $1,223.14/mo |
45% down | $1,121.21/mo |
50% down | $1,019.28/mo |
$427,000 Home at 6%
0% down | $2,560.08/mo |
5% down | $2,432.08/mo |
10% down | $2,304.07/mo |
15% down | $2,176.07/mo |
20% down | $2,048.06/mo |
25% down | $1,920.06/mo |
30% down | $1,792.06/mo |
35% down | $1,664.05/mo |
40% down | $1,536.05/mo |
45% down | $1,408.04/mo |
50% down | $1,280.04/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.