$420,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $420k 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 420,000 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 $420,000 house.
2% interest
0% down$1,552.40/mo
5% down$1,474.78/mo
10% down$1,397.16/mo
15% down$1,319.54/mo
20% down$1,241.92/mo
25% down$1,164.30/mo
30% down$1,086.68/mo
35% down$1,009.06/mo
40% down$931.44/mo
45% down$853.82/mo
50% down$776.20/mo
4% interest
0% down$2,005.14/mo
5% down$1,904.89/mo
10% down$1,804.63/mo
15% down$1,704.37/mo
20% down$1,604.12/mo
25% down$1,503.86/mo
30% down$1,403.60/mo
35% down$1,303.34/mo
40% down$1,203.09/mo
45% down$1,102.83/mo
50% down$1,002.57/mo
6% interest
0% down$2,518.11/mo
5% down$2,392.21/mo
10% down$2,266.30/mo
15% down$2,140.40/mo
20% down$2,014.49/mo
25% down$1,888.58/mo
30% down$1,762.68/mo
35% down$1,636.77/mo
40% down$1,510.87/mo
45% down$1,384.96/mo
50% down$1,259.06/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 420,000 house with a 20% down payment?
($336,000 loan. 30 year mortgage)
0.25%$968.87
0.50%$1,005.28
0.75%$1,042.56
1.00%$1,080.71
1.25%$1,119.73
1.50%$1,159.60
1.75%$1,200.34
2.00%$1,241.92
2.25%$1,284.35
2.50%$1,327.61
2.75%$1,371.69
3.00%$1,416.59
3.25%$1,462.29
3.50%$1,508.79
3.75%$1,556.07
4.00%$1,604.12
4.25%$1,652.92
4.50%$1,702.46
4.75%$1,752.74
5.00%$1,803.72
5.25%$1,855.40
5.50%$1,907.77
5.75%$1,960.80
6.00%$2,014.49
6.25%$2,068.81
6.50%$2,123.75
6.75%$2,179.29
7.00%$2,235.42
7.25%$2,292.11
7.50%$2,349.36
7.75%$2,407.15
8.00%$2,465.45
8.25%$2,524.26
8.50%$2,583.55
8.75%$2,643.31
9.00%$2,703.53
9.25%$2,764.19
9.50%$2,825.27
9.75%$2,886.76
10.00%$2,948.64
10.25%$3,010.90
10.50%$3,073.52
10.75%$3,136.50
11.00%$3,199.81
11.25%$3,263.44
11.50%$3,327.38
11.75%$3,391.62
12.00%$3,456.14