Use the mortgage calculator to calculate the cost of buying a $426k 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 426,000 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 $426,000 house.
$426,000 Home at 2%
| 0% down | $1,574.58/mo |
| 5% down | $1,495.85/mo |
| 10% down | $1,417.12/mo |
| 15% down | $1,338.39/mo |
| 20% down | $1,259.66/mo |
| 25% down | $1,180.93/mo |
| 30% down | $1,102.21/mo |
| 35% down | $1,023.48/mo |
| 40% down | $944.75/mo |
| 45% down | $866.02/mo |
| 50% down | $787.29/mo |
$426,000 Home at 4%
| 0% down | $2,033.79/mo |
| 5% down | $1,932.10/mo |
| 10% down | $1,830.41/mo |
| 15% down | $1,728.72/mo |
| 20% down | $1,627.03/mo |
| 25% down | $1,525.34/mo |
| 30% down | $1,423.65/mo |
| 35% down | $1,321.96/mo |
| 40% down | $1,220.27/mo |
| 45% down | $1,118.58/mo |
| 50% down | $1,016.89/mo |
$426,000 Home at 6%
| 0% down | $2,554.09/mo |
| 5% down | $2,426.38/mo |
| 10% down | $2,298.68/mo |
| 15% down | $2,170.97/mo |
| 20% down | $2,043.27/mo |
| 25% down | $1,915.56/mo |
| 30% down | $1,787.86/mo |
| 35% down | $1,660.16/mo |
| 40% down | $1,532.45/mo |
| 45% down | $1,404.75/mo |
| 50% down | $1,277.04/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.