Use the mortgage calculator to calculate the cost of buying a $457k 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 457,000 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 $457,000 house.
$457,000 Home at 2%
| 0% down | $1,689.16/mo |
| 5% down | $1,604.70/mo |
| 10% down | $1,520.24/mo |
| 15% down | $1,435.79/mo |
| 20% down | $1,351.33/mo |
| 25% down | $1,266.87/mo |
| 30% down | $1,182.41/mo |
| 35% down | $1,097.95/mo |
| 40% down | $1,013.50/mo |
| 45% down | $929.04/mo |
| 50% down | $844.58/mo |
$457,000 Home at 4%
| 0% down | $2,181.79/mo |
| 5% down | $2,072.70/mo |
| 10% down | $1,963.61/mo |
| 15% down | $1,854.52/mo |
| 20% down | $1,745.43/mo |
| 25% down | $1,636.34/mo |
| 30% down | $1,527.25/mo |
| 35% down | $1,418.16/mo |
| 40% down | $1,309.07/mo |
| 45% down | $1,199.98/mo |
| 50% down | $1,090.89/mo |
$457,000 Home at 6%
| 0% down | $2,739.95/mo |
| 5% down | $2,602.95/mo |
| 10% down | $2,465.95/mo |
| 15% down | $2,328.95/mo |
| 20% down | $2,191.96/mo |
| 25% down | $2,054.96/mo |
| 30% down | $1,917.96/mo |
| 35% down | $1,780.96/mo |
| 40% down | $1,643.97/mo |
| 45% down | $1,506.97/mo |
| 50% down | $1,369.97/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.