Use the mortgage calculator to calculate the cost of buying a $462k 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 462,000 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 $462,000 house.
$462,000 Home at 2%
| 0% down | $1,707.64/mo |
| 5% down | $1,622.26/mo |
| 10% down | $1,536.88/mo |
| 15% down | $1,451.50/mo |
| 20% down | $1,366.11/mo |
| 25% down | $1,280.73/mo |
| 30% down | $1,195.35/mo |
| 35% down | $1,109.97/mo |
| 40% down | $1,024.59/mo |
| 45% down | $939.20/mo |
| 50% down | $853.82/mo |
$462,000 Home at 4%
| 0% down | $2,205.66/mo |
| 5% down | $2,095.38/mo |
| 10% down | $1,985.09/mo |
| 15% down | $1,874.81/mo |
| 20% down | $1,764.53/mo |
| 25% down | $1,654.24/mo |
| 30% down | $1,543.96/mo |
| 35% down | $1,433.68/mo |
| 40% down | $1,323.40/mo |
| 45% down | $1,213.11/mo |
| 50% down | $1,102.83/mo |
$462,000 Home at 6%
| 0% down | $2,769.92/mo |
| 5% down | $2,631.43/mo |
| 10% down | $2,492.93/mo |
| 15% down | $2,354.43/mo |
| 20% down | $2,215.94/mo |
| 25% down | $2,077.44/mo |
| 30% down | $1,938.95/mo |
| 35% down | $1,800.45/mo |
| 40% down | $1,661.95/mo |
| 45% down | $1,523.46/mo |
| 50% down | $1,384.96/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.