Use the mortgage calculator to calculate the cost of buying a $477k 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 477,000 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 $477,000 house.
2% interest
| 0% down | $1,763.08/mo |
| 5% down | $1,674.93/mo |
| 10% down | $1,586.78/mo |
| 15% down | $1,498.62/mo |
| 20% down | $1,410.47/mo |
| 25% down | $1,322.31/mo |
| 30% down | $1,234.16/mo |
| 35% down | $1,146.01/mo |
| 40% down | $1,057.85/mo |
| 45% down | $969.70/mo |
| 50% down | $881.54/mo |
4% interest
| 0% down | $2,277.27/mo |
| 5% down | $2,163.41/mo |
| 10% down | $2,049.54/mo |
| 15% down | $1,935.68/mo |
| 20% down | $1,821.82/mo |
| 25% down | $1,707.95/mo |
| 30% down | $1,594.09/mo |
| 35% down | $1,480.23/mo |
| 40% down | $1,366.36/mo |
| 45% down | $1,252.50/mo |
| 50% down | $1,138.64/mo |
6% interest
| 0% down | $2,859.86/mo |
| 5% down | $2,716.86/mo |
| 10% down | $2,573.87/mo |
| 15% down | $2,430.88/mo |
| 20% down | $2,287.88/mo |
| 25% down | $2,144.89/mo |
| 30% down | $2,001.90/mo |
| 35% down | $1,858.91/mo |
| 40% down | $1,715.91/mo |
| 45% down | $1,572.92/mo |
| 50% down | $1,429.93/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.