Use the mortgage calculator to calculate the cost of buying a $428k 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 428,000 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 $428,000 house.
$428,000 Home at 2%
| 0% down | $1,581.97/mo |
| 5% down | $1,502.87/mo |
| 10% down | $1,423.77/mo |
| 15% down | $1,344.68/mo |
| 20% down | $1,265.58/mo |
| 25% down | $1,186.48/mo |
| 30% down | $1,107.38/mo |
| 35% down | $1,028.28/mo |
| 40% down | $949.18/mo |
| 45% down | $870.08/mo |
| 50% down | $790.99/mo |
$428,000 Home at 4%
| 0% down | $2,043.34/mo |
| 5% down | $1,941.17/mo |
| 10% down | $1,839.00/mo |
| 15% down | $1,736.84/mo |
| 20% down | $1,634.67/mo |
| 25% down | $1,532.50/mo |
| 30% down | $1,430.34/mo |
| 35% down | $1,328.17/mo |
| 40% down | $1,226.00/mo |
| 45% down | $1,123.84/mo |
| 50% down | $1,021.67/mo |
$428,000 Home at 6%
| 0% down | $2,566.08/mo |
| 5% down | $2,437.77/mo |
| 10% down | $2,309.47/mo |
| 15% down | $2,181.16/mo |
| 20% down | $2,052.86/mo |
| 25% down | $1,924.56/mo |
| 30% down | $1,796.25/mo |
| 35% down | $1,667.95/mo |
| 40% down | $1,539.65/mo |
| 45% down | $1,411.34/mo |
| 50% down | $1,283.04/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.