Use the mortgage calculator to calculate the cost of buying a $468k 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 468,000 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 $468,000 house.
$468,000 Home at 2%
| 0% down | $1,729.82/mo |
| 5% down | $1,643.33/mo |
| 10% down | $1,556.84/mo |
| 15% down | $1,470.35/mo |
| 20% down | $1,383.86/mo |
| 25% down | $1,297.36/mo |
| 30% down | $1,210.87/mo |
| 35% down | $1,124.38/mo |
| 40% down | $1,037.89/mo |
| 45% down | $951.40/mo |
| 50% down | $864.91/mo |
$468,000 Home at 4%
| 0% down | $2,234.30/mo |
| 5% down | $2,122.59/mo |
| 10% down | $2,010.87/mo |
| 15% down | $1,899.16/mo |
| 20% down | $1,787.44/mo |
| 25% down | $1,675.73/mo |
| 30% down | $1,564.01/mo |
| 35% down | $1,452.30/mo |
| 40% down | $1,340.58/mo |
| 45% down | $1,228.87/mo |
| 50% down | $1,117.15/mo |
$468,000 Home at 6%
| 0% down | $2,805.90/mo |
| 5% down | $2,665.60/mo |
| 10% down | $2,525.31/mo |
| 15% down | $2,385.01/mo |
| 20% down | $2,244.72/mo |
| 25% down | $2,104.42/mo |
| 30% down | $1,964.13/mo |
| 35% down | $1,823.83/mo |
| 40% down | $1,683.54/mo |
| 45% down | $1,543.24/mo |
| 50% down | $1,402.95/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.