Use the mortgage calculator to calculate the cost of buying a $447k 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 447,000 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 $447,000 house.
$447,000 Home at 2%
0% down | $1,652.20/mo |
5% down | $1,569.59/mo |
10% down | $1,486.98/mo |
15% down | $1,404.37/mo |
20% down | $1,321.76/mo |
25% down | $1,239.15/mo |
30% down | $1,156.54/mo |
35% down | $1,073.93/mo |
40% down | $991.32/mo |
45% down | $908.71/mo |
50% down | $826.10/mo |
$447,000 Home at 4%
0% down | $2,134.05/mo |
5% down | $2,027.34/mo |
10% down | $1,920.64/mo |
15% down | $1,813.94/mo |
20% down | $1,707.24/mo |
25% down | $1,600.53/mo |
30% down | $1,493.83/mo |
35% down | $1,387.13/mo |
40% down | $1,280.43/mo |
45% down | $1,173.73/mo |
50% down | $1,067.02/mo |
$447,000 Home at 6%
0% down | $2,679.99/mo |
5% down | $2,545.99/mo |
10% down | $2,411.99/mo |
15% down | $2,277.99/mo |
20% down | $2,143.99/mo |
25% down | $2,009.99/mo |
30% down | $1,875.99/mo |
35% down | $1,741.99/mo |
40% down | $1,607.99/mo |
45% down | $1,473.99/mo |
50% down | $1,340.00/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.