Use the mortgage calculator to calculate the cost of buying a $492k 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 492,000 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 $492,000 house.
$492,000 Home at 2%
| 0% down | $1,818.53/mo |
| 5% down | $1,727.60/mo |
| 10% down | $1,636.68/mo |
| 15% down | $1,545.75/mo |
| 20% down | $1,454.82/mo |
| 25% down | $1,363.90/mo |
| 30% down | $1,272.97/mo |
| 35% down | $1,182.04/mo |
| 40% down | $1,091.12/mo |
| 45% down | $1,000.19/mo |
| 50% down | $909.26/mo |
$492,000 Home at 4%
| 0% down | $2,348.88/mo |
| 5% down | $2,231.44/mo |
| 10% down | $2,113.99/mo |
| 15% down | $1,996.55/mo |
| 20% down | $1,879.11/mo |
| 25% down | $1,761.66/mo |
| 30% down | $1,644.22/mo |
| 35% down | $1,526.77/mo |
| 40% down | $1,409.33/mo |
| 45% down | $1,291.89/mo |
| 50% down | $1,174.44/mo |
$492,000 Home at 6%
| 0% down | $2,949.79/mo |
| 5% down | $2,802.30/mo |
| 10% down | $2,654.81/mo |
| 15% down | $2,507.32/mo |
| 20% down | $2,359.83/mo |
| 25% down | $2,212.34/mo |
| 30% down | $2,064.85/mo |
| 35% down | $1,917.36/mo |
| 40% down | $1,769.87/mo |
| 45% down | $1,622.38/mo |
| 50% down | $1,474.89/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.