Use the mortgage calculator to calculate the cost of buying a $455k 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 455,000 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 $455,000 house.
$455,000 Home at 2%
| 0% down | $1,681.77/mo |
| 5% down | $1,597.68/mo |
| 10% down | $1,513.59/mo |
| 15% down | $1,429.50/mo |
| 20% down | $1,345.41/mo |
| 25% down | $1,261.33/mo |
| 30% down | $1,177.24/mo |
| 35% down | $1,093.15/mo |
| 40% down | $1,009.06/mo |
| 45% down | $924.97/mo |
| 50% down | $840.88/mo |
$455,000 Home at 4%
| 0% down | $2,172.24/mo |
| 5% down | $2,063.63/mo |
| 10% down | $1,955.02/mo |
| 15% down | $1,846.40/mo |
| 20% down | $1,737.79/mo |
| 25% down | $1,629.18/mo |
| 30% down | $1,520.57/mo |
| 35% down | $1,411.96/mo |
| 40% down | $1,303.34/mo |
| 45% down | $1,194.73/mo |
| 50% down | $1,086.12/mo |
$455,000 Home at 6%
| 0% down | $2,727.95/mo |
| 5% down | $2,591.56/mo |
| 10% down | $2,455.16/mo |
| 15% down | $2,318.76/mo |
| 20% down | $2,182.36/mo |
| 25% down | $2,045.97/mo |
| 30% down | $1,909.57/mo |
| 35% down | $1,773.17/mo |
| 40% down | $1,636.77/mo |
| 45% down | $1,500.38/mo |
| 50% down | $1,363.98/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.