Use the mortgage calculator to calculate the cost of buying a $450k 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 450,000 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 $450,000 house.
$450,000 Home at 2%
| 0% down | $1,663.29/mo |
| 5% down | $1,580.12/mo |
| 10% down | $1,496.96/mo |
| 15% down | $1,413.79/mo |
| 20% down | $1,330.63/mo |
| 25% down | $1,247.47/mo |
| 30% down | $1,164.30/mo |
| 35% down | $1,081.14/mo |
| 40% down | $997.97/mo |
| 45% down | $914.81/mo |
| 50% down | $831.64/mo |
$450,000 Home at 4%
| 0% down | $2,148.37/mo |
| 5% down | $2,040.95/mo |
| 10% down | $1,933.53/mo |
| 15% down | $1,826.11/mo |
| 20% down | $1,718.70/mo |
| 25% down | $1,611.28/mo |
| 30% down | $1,503.86/mo |
| 35% down | $1,396.44/mo |
| 40% down | $1,289.02/mo |
| 45% down | $1,181.60/mo |
| 50% down | $1,074.18/mo |
$450,000 Home at 6%
| 0% down | $2,697.98/mo |
| 5% down | $2,563.08/mo |
| 10% down | $2,428.18/mo |
| 15% down | $2,293.28/mo |
| 20% down | $2,158.38/mo |
| 25% down | $2,023.48/mo |
| 30% down | $1,888.58/mo |
| 35% down | $1,753.69/mo |
| 40% down | $1,618.79/mo |
| 45% down | $1,483.89/mo |
| 50% down | $1,348.99/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.