Use the mortgage calculator to calculate the cost of buying a $448k 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 448,000 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 $448,000 house.
2% interest
| 0% down | $1,655.90/mo |
| 5% down | $1,573.10/mo |
| 10% down | $1,490.31/mo |
| 15% down | $1,407.51/mo |
| 20% down | $1,324.72/mo |
| 25% down | $1,241.92/mo |
| 30% down | $1,159.13/mo |
| 35% down | $1,076.33/mo |
| 40% down | $993.54/mo |
| 45% down | $910.74/mo |
| 50% down | $827.95/mo |
4% interest
| 0% down | $2,138.82/mo |
| 5% down | $2,031.88/mo |
| 10% down | $1,924.94/mo |
| 15% down | $1,818.00/mo |
| 20% down | $1,711.06/mo |
| 25% down | $1,604.12/mo |
| 30% down | $1,497.17/mo |
| 35% down | $1,390.23/mo |
| 40% down | $1,283.29/mo |
| 45% down | $1,176.35/mo |
| 50% down | $1,069.41/mo |
6% interest
| 0% down | $2,685.99/mo |
| 5% down | $2,551.69/mo |
| 10% down | $2,417.39/mo |
| 15% down | $2,283.09/mo |
| 20% down | $2,148.79/mo |
| 25% down | $2,014.49/mo |
| 30% down | $1,880.19/mo |
| 35% down | $1,745.89/mo |
| 40% down | $1,611.59/mo |
| 45% down | $1,477.29/mo |
| 50% down | $1,342.99/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.