Use the mortgage calculator to calculate the cost of buying a $464k 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 464,000 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 $464,000 house.
2% interest
0% down | $1,715.03/mo |
5% down | $1,629.28/mo |
10% down | $1,543.53/mo |
15% down | $1,457.78/mo |
20% down | $1,372.03/mo |
25% down | $1,286.28/mo |
30% down | $1,200.52/mo |
35% down | $1,114.77/mo |
40% down | $1,029.02/mo |
45% down | $943.27/mo |
50% down | $857.52/mo |
4% interest
0% down | $2,215.21/mo |
5% down | $2,104.45/mo |
10% down | $1,993.69/mo |
15% down | $1,882.93/mo |
20% down | $1,772.17/mo |
25% down | $1,661.41/mo |
30% down | $1,550.64/mo |
35% down | $1,439.88/mo |
40% down | $1,329.12/mo |
45% down | $1,218.36/mo |
50% down | $1,107.60/mo |
6% interest
0% down | $2,781.91/mo |
5% down | $2,642.82/mo |
10% down | $2,503.72/mo |
15% down | $2,364.63/mo |
20% down | $2,225.53/mo |
25% down | $2,086.44/mo |
30% down | $1,947.34/mo |
35% down | $1,808.24/mo |
40% down | $1,669.15/mo |
45% down | $1,530.05/mo |
50% down | $1,390.96/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.