Use the mortgage calculator to calculate the cost of buying a $423k 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 423,000 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 $423,000 house.
$423,000 Home at 2%
| 0% down | $1,563.49/mo |
| 5% down | $1,485.32/mo |
| 10% down | $1,407.14/mo |
| 15% down | $1,328.97/mo |
| 20% down | $1,250.79/mo |
| 25% down | $1,172.62/mo |
| 30% down | $1,094.44/mo |
| 35% down | $1,016.27/mo |
| 40% down | $938.09/mo |
| 45% down | $859.92/mo |
| 50% down | $781.75/mo |
$423,000 Home at 4%
| 0% down | $2,019.47/mo |
| 5% down | $1,918.49/mo |
| 10% down | $1,817.52/mo |
| 15% down | $1,716.55/mo |
| 20% down | $1,615.57/mo |
| 25% down | $1,514.60/mo |
| 30% down | $1,413.63/mo |
| 35% down | $1,312.65/mo |
| 40% down | $1,211.68/mo |
| 45% down | $1,110.71/mo |
| 50% down | $1,009.73/mo |
$423,000 Home at 6%
| 0% down | $2,536.10/mo |
| 5% down | $2,409.29/mo |
| 10% down | $2,282.49/mo |
| 15% down | $2,155.68/mo |
| 20% down | $2,028.88/mo |
| 25% down | $1,902.07/mo |
| 30% down | $1,775.27/mo |
| 35% down | $1,648.46/mo |
| 40% down | $1,521.66/mo |
| 45% down | $1,394.85/mo |
| 50% down | $1,268.05/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.