Use the mortgage calculator to calculate the cost of buying a $474k 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 474,000 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 $474,000 house.
$474,000 Home at 2%
| 0% down | $1,752.00/mo |
| 5% down | $1,664.40/mo |
| 10% down | $1,576.80/mo |
| 15% down | $1,489.20/mo |
| 20% down | $1,401.60/mo |
| 25% down | $1,314.00/mo |
| 30% down | $1,226.40/mo |
| 35% down | $1,138.80/mo |
| 40% down | $1,051.20/mo |
| 45% down | $963.60/mo |
| 50% down | $876.00/mo |
$474,000 Home at 4%
| 0% down | $2,262.95/mo |
| 5% down | $2,149.80/mo |
| 10% down | $2,036.65/mo |
| 15% down | $1,923.51/mo |
| 20% down | $1,810.36/mo |
| 25% down | $1,697.21/mo |
| 30% down | $1,584.06/mo |
| 35% down | $1,470.92/mo |
| 40% down | $1,357.77/mo |
| 45% down | $1,244.62/mo |
| 50% down | $1,131.47/mo |
$474,000 Home at 6%
| 0% down | $2,841.87/mo |
| 5% down | $2,699.78/mo |
| 10% down | $2,557.68/mo |
| 15% down | $2,415.59/mo |
| 20% down | $2,273.50/mo |
| 25% down | $2,131.40/mo |
| 30% down | $1,989.31/mo |
| 35% down | $1,847.22/mo |
| 40% down | $1,705.12/mo |
| 45% down | $1,563.03/mo |
| 50% down | $1,420.93/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.