Use the mortgage calculator to calculate the cost of buying a $445k 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 445,000 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 $445,000 house.
$445,000 Home at 2%
| 0% down | $1,644.81/mo |
| 5% down | $1,562.57/mo |
| 10% down | $1,480.33/mo |
| 15% down | $1,398.09/mo |
| 20% down | $1,315.85/mo |
| 25% down | $1,233.60/mo |
| 30% down | $1,151.36/mo |
| 35% down | $1,069.12/mo |
| 40% down | $986.88/mo |
| 45% down | $904.64/mo |
| 50% down | $822.40/mo |
$445,000 Home at 4%
| 0% down | $2,124.50/mo |
| 5% down | $2,018.27/mo |
| 10% down | $1,912.05/mo |
| 15% down | $1,805.82/mo |
| 20% down | $1,699.60/mo |
| 25% down | $1,593.37/mo |
| 30% down | $1,487.15/mo |
| 35% down | $1,380.92/mo |
| 40% down | $1,274.70/mo |
| 45% down | $1,168.47/mo |
| 50% down | $1,062.25/mo |
$445,000 Home at 6%
| 0% down | $2,668.00/mo |
| 5% down | $2,534.60/mo |
| 10% down | $2,401.20/mo |
| 15% down | $2,267.80/mo |
| 20% down | $2,134.40/mo |
| 25% down | $2,001.00/mo |
| 30% down | $1,867.60/mo |
| 35% down | $1,734.20/mo |
| 40% down | $1,600.80/mo |
| 45% down | $1,467.40/mo |
| 50% down | $1,334.00/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.