Use the mortgage calculator to calculate the cost of buying a $475k 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 475,000 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 $475,000 house.
$475,000 Home at 2%
| 0% down | $1,755.69/mo |
| 5% down | $1,667.91/mo |
| 10% down | $1,580.12/mo |
| 15% down | $1,492.34/mo |
| 20% down | $1,404.55/mo |
| 25% down | $1,316.77/mo |
| 30% down | $1,228.98/mo |
| 35% down | $1,141.20/mo |
| 40% down | $1,053.42/mo |
| 45% down | $965.63/mo |
| 50% down | $877.85/mo |
$475,000 Home at 4%
| 0% down | $2,267.72/mo |
| 5% down | $2,154.34/mo |
| 10% down | $2,040.95/mo |
| 15% down | $1,927.56/mo |
| 20% down | $1,814.18/mo |
| 25% down | $1,700.79/mo |
| 30% down | $1,587.41/mo |
| 35% down | $1,474.02/mo |
| 40% down | $1,360.63/mo |
| 45% down | $1,247.25/mo |
| 50% down | $1,133.86/mo |
$475,000 Home at 6%
| 0% down | $2,847.86/mo |
| 5% down | $2,705.47/mo |
| 10% down | $2,563.08/mo |
| 15% down | $2,420.69/mo |
| 20% down | $2,278.29/mo |
| 25% down | $2,135.90/mo |
| 30% down | $1,993.51/mo |
| 35% down | $1,851.11/mo |
| 40% down | $1,708.72/mo |
| 45% down | $1,566.33/mo |
| 50% down | $1,423.93/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.