$424,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $424k 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 424,000 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 $424,000 house.
2% interest
0% down$1,567.19/mo
5% down$1,488.83/mo
10% down$1,410.47/mo
15% down$1,332.11/mo
20% down$1,253.75/mo
25% down$1,175.39/mo
30% down$1,097.03/mo
35% down$1,018.67/mo
40% down$940.31/mo
45% down$861.95/mo
50% down$783.59/mo
4% interest
0% down$2,024.24/mo
5% down$1,923.03/mo
10% down$1,821.82/mo
15% down$1,720.60/mo
20% down$1,619.39/mo
25% down$1,518.18/mo
30% down$1,416.97/mo
35% down$1,315.76/mo
40% down$1,214.54/mo
45% down$1,113.33/mo
50% down$1,012.12/mo
6% interest
0% down$2,542.09/mo
5% down$2,414.99/mo
10% down$2,287.88/mo
15% down$2,160.78/mo
20% down$2,033.68/mo
25% down$1,906.57/mo
30% down$1,779.47/mo
35% down$1,652.36/mo
40% down$1,525.26/mo
45% down$1,398.15/mo
50% down$1,271.05/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 424,000 house with a 20% down payment?
($339,200 loan. 30 year mortgage)
0.25%$978.10
0.50%$1,014.85
0.75%$1,052.49
1.00%$1,091.00
1.25%$1,130.39
1.50%$1,170.65
1.75%$1,211.77
2.00%$1,253.75
2.25%$1,296.58
2.50%$1,340.25
2.75%$1,384.75
3.00%$1,430.08
3.25%$1,476.22
3.50%$1,523.16
3.75%$1,570.89
4.00%$1,619.39
4.25%$1,668.66
4.50%$1,718.68
4.75%$1,769.43
5.00%$1,820.90
5.25%$1,873.07
5.50%$1,925.94
5.75%$1,979.48
6.00%$2,033.68
6.25%$2,088.51
6.50%$2,143.97
6.75%$2,200.04
7.00%$2,256.71
7.25%$2,313.94
7.50%$2,371.74
7.75%$2,430.07
8.00%$2,488.93
8.25%$2,548.30
8.50%$2,608.15
8.75%$2,668.49
9.00%$2,729.28
9.25%$2,790.52
9.50%$2,852.18
9.75%$2,914.25
10.00%$2,976.72
10.25%$3,039.58
10.50%$3,102.80
10.75%$3,166.37
11.00%$3,230.28
11.25%$3,294.52
11.50%$3,359.07
11.75%$3,423.92
12.00%$3,489.05