Use the mortgage calculator to calculate the cost of buying a $456k 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 456,000 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 $456,000 house.
$456,000 Home at 2%
| 0% down | $1,685.46/mo |
| 5% down | $1,601.19/mo |
| 10% down | $1,516.92/mo |
| 15% down | $1,432.65/mo |
| 20% down | $1,348.37/mo |
| 25% down | $1,264.10/mo |
| 30% down | $1,179.83/mo |
| 35% down | $1,095.55/mo |
| 40% down | $1,011.28/mo |
| 45% down | $927.01/mo |
| 50% down | $842.73/mo |
$456,000 Home at 4%
| 0% down | $2,177.01/mo |
| 5% down | $2,068.16/mo |
| 10% down | $1,959.31/mo |
| 15% down | $1,850.46/mo |
| 20% down | $1,741.61/mo |
| 25% down | $1,632.76/mo |
| 30% down | $1,523.91/mo |
| 35% down | $1,415.06/mo |
| 40% down | $1,306.21/mo |
| 45% down | $1,197.36/mo |
| 50% down | $1,088.51/mo |
$456,000 Home at 6%
| 0% down | $2,733.95/mo |
| 5% down | $2,597.25/mo |
| 10% down | $2,460.56/mo |
| 15% down | $2,323.86/mo |
| 20% down | $2,187.16/mo |
| 25% down | $2,050.46/mo |
| 30% down | $1,913.77/mo |
| 35% down | $1,777.07/mo |
| 40% down | $1,640.37/mo |
| 45% down | $1,503.67/mo |
| 50% down | $1,366.98/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.