Use the mortgage calculator to calculate the cost of buying a $472k 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 472,000 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 $472,000 house.
$472,000 Home at 2%
| 0% down | $1,744.60/mo |
| 5% down | $1,657.37/mo |
| 10% down | $1,570.14/mo |
| 15% down | $1,482.91/mo |
| 20% down | $1,395.68/mo |
| 25% down | $1,308.45/mo |
| 30% down | $1,221.22/mo |
| 35% down | $1,133.99/mo |
| 40% down | $1,046.76/mo |
| 45% down | $959.53/mo |
| 50% down | $872.30/mo |
$472,000 Home at 4%
| 0% down | $2,253.40/mo |
| 5% down | $2,140.73/mo |
| 10% down | $2,028.06/mo |
| 15% down | $1,915.39/mo |
| 20% down | $1,802.72/mo |
| 25% down | $1,690.05/mo |
| 30% down | $1,577.38/mo |
| 35% down | $1,464.71/mo |
| 40% down | $1,352.04/mo |
| 45% down | $1,239.37/mo |
| 50% down | $1,126.70/mo |
$472,000 Home at 6%
| 0% down | $2,829.88/mo |
| 5% down | $2,688.38/mo |
| 10% down | $2,546.89/mo |
| 15% down | $2,405.40/mo |
| 20% down | $2,263.90/mo |
| 25% down | $2,122.41/mo |
| 30% down | $1,980.91/mo |
| 35% down | $1,839.42/mo |
| 40% down | $1,697.93/mo |
| 45% down | $1,556.43/mo |
| 50% down | $1,414.94/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.