Use the mortgage calculator to calculate the cost of buying a $463k 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 463,000 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 $463,000 house.
$463,000 Home at 2%
| 0% down | $1,711.34/mo |
| 5% down | $1,625.77/mo |
| 10% down | $1,540.20/mo |
| 15% down | $1,454.64/mo |
| 20% down | $1,369.07/mo |
| 25% down | $1,283.50/mo |
| 30% down | $1,197.94/mo |
| 35% down | $1,112.37/mo |
| 40% down | $1,026.80/mo |
| 45% down | $941.24/mo |
| 50% down | $855.67/mo |
$463,000 Home at 4%
| 0% down | $2,210.43/mo |
| 5% down | $2,099.91/mo |
| 10% down | $1,989.39/mo |
| 15% down | $1,878.87/mo |
| 20% down | $1,768.35/mo |
| 25% down | $1,657.82/mo |
| 30% down | $1,547.30/mo |
| 35% down | $1,436.78/mo |
| 40% down | $1,326.26/mo |
| 45% down | $1,215.74/mo |
| 50% down | $1,105.22/mo |
$463,000 Home at 6%
| 0% down | $2,775.92/mo |
| 5% down | $2,637.12/mo |
| 10% down | $2,498.33/mo |
| 15% down | $2,359.53/mo |
| 20% down | $2,220.74/mo |
| 25% down | $2,081.94/mo |
| 30% down | $1,943.14/mo |
| 35% down | $1,804.35/mo |
| 40% down | $1,665.55/mo |
| 45% down | $1,526.76/mo |
| 50% down | $1,387.96/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.