Use the mortgage calculator to calculate the cost of buying a $453k 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 453,000 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 $453,000 house.
2% interest
| 0% down | $1,674.38/mo |
| 5% down | $1,590.66/mo |
| 10% down | $1,506.94/mo |
| 15% down | $1,423.22/mo |
| 20% down | $1,339.50/mo |
| 25% down | $1,255.78/mo |
| 30% down | $1,172.06/mo |
| 35% down | $1,088.34/mo |
| 40% down | $1,004.63/mo |
| 45% down | $920.91/mo |
| 50% down | $837.19/mo |
4% interest
| 0% down | $2,162.69/mo |
| 5% down | $2,054.56/mo |
| 10% down | $1,946.42/mo |
| 15% down | $1,838.29/mo |
| 20% down | $1,730.15/mo |
| 25% down | $1,622.02/mo |
| 30% down | $1,513.88/mo |
| 35% down | $1,405.75/mo |
| 40% down | $1,297.61/mo |
| 45% down | $1,189.48/mo |
| 50% down | $1,081.35/mo |
6% interest
| 0% down | $2,715.96/mo |
| 5% down | $2,580.17/mo |
| 10% down | $2,444.37/mo |
| 15% down | $2,308.57/mo |
| 20% down | $2,172.77/mo |
| 25% down | $2,036.97/mo |
| 30% down | $1,901.17/mo |
| 35% down | $1,765.38/mo |
| 40% down | $1,629.58/mo |
| 45% down | $1,493.78/mo |
| 50% down | $1,357.98/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.