Use the mortgage calculator to calculate the cost of buying a $473k 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 473,000 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 $473,000 house.
$473,000 Home at 2%
| 0% down | $1,748.30/mo |
| 5% down | $1,660.89/mo |
| 10% down | $1,573.47/mo |
| 15% down | $1,486.06/mo |
| 20% down | $1,398.64/mo |
| 25% down | $1,311.23/mo |
| 30% down | $1,223.81/mo |
| 35% down | $1,136.40/mo |
| 40% down | $1,048.98/mo |
| 45% down | $961.57/mo |
| 50% down | $874.15/mo |
$473,000 Home at 4%
| 0% down | $2,258.17/mo |
| 5% down | $2,145.27/mo |
| 10% down | $2,032.36/mo |
| 15% down | $1,919.45/mo |
| 20% down | $1,806.54/mo |
| 25% down | $1,693.63/mo |
| 30% down | $1,580.72/mo |
| 35% down | $1,467.81/mo |
| 40% down | $1,354.90/mo |
| 45% down | $1,242.00/mo |
| 50% down | $1,129.09/mo |
$473,000 Home at 6%
| 0% down | $2,835.87/mo |
| 5% down | $2,694.08/mo |
| 10% down | $2,552.29/mo |
| 15% down | $2,410.49/mo |
| 20% down | $2,268.70/mo |
| 25% down | $2,126.91/mo |
| 30% down | $1,985.11/mo |
| 35% down | $1,843.32/mo |
| 40% down | $1,701.52/mo |
| 45% down | $1,559.73/mo |
| 50% down | $1,417.94/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.