Use the mortgage calculator to calculate the cost of buying a $495k 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 495,000 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 $495,000 house.
$495,000 Home at 2%
0% down | $1,829.62/mo |
5% down | $1,738.14/mo |
10% down | $1,646.65/mo |
15% down | $1,555.17/mo |
20% down | $1,463.69/mo |
25% down | $1,372.21/mo |
30% down | $1,280.73/mo |
35% down | $1,189.25/mo |
40% down | $1,097.77/mo |
45% down | $1,006.29/mo |
50% down | $914.81/mo |
$495,000 Home at 4%
0% down | $2,363.21/mo |
5% down | $2,245.05/mo |
10% down | $2,126.89/mo |
15% down | $2,008.72/mo |
20% down | $1,890.56/mo |
25% down | $1,772.40/mo |
30% down | $1,654.24/mo |
35% down | $1,536.08/mo |
40% down | $1,417.92/mo |
45% down | $1,299.76/mo |
50% down | $1,181.60/mo |
$495,000 Home at 6%
0% down | $2,967.78/mo |
5% down | $2,819.39/mo |
10% down | $2,671.00/mo |
15% down | $2,522.61/mo |
20% down | $2,374.22/mo |
25% down | $2,225.83/mo |
30% down | $2,077.44/mo |
35% down | $1,929.05/mo |
40% down | $1,780.67/mo |
45% down | $1,632.28/mo |
50% down | $1,483.89/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.