Use the mortgage calculator to calculate the cost of buying a $478k 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 478,000 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 $478,000 house.
$478,000 Home at 2%
| 0% down | $1,766.78/mo |
| 5% down | $1,678.44/mo |
| 10% down | $1,590.10/mo |
| 15% down | $1,501.76/mo |
| 20% down | $1,413.42/mo |
| 25% down | $1,325.09/mo |
| 30% down | $1,236.75/mo |
| 35% down | $1,148.41/mo |
| 40% down | $1,060.07/mo |
| 45% down | $971.73/mo |
| 50% down | $883.39/mo |
$478,000 Home at 4%
| 0% down | $2,282.05/mo |
| 5% down | $2,167.94/mo |
| 10% down | $2,053.84/mo |
| 15% down | $1,939.74/mo |
| 20% down | $1,825.64/mo |
| 25% down | $1,711.53/mo |
| 30% down | $1,597.43/mo |
| 35% down | $1,483.33/mo |
| 40% down | $1,369.23/mo |
| 45% down | $1,255.12/mo |
| 50% down | $1,141.02/mo |
$478,000 Home at 6%
| 0% down | $2,865.85/mo |
| 5% down | $2,722.56/mo |
| 10% down | $2,579.27/mo |
| 15% down | $2,435.97/mo |
| 20% down | $2,292.68/mo |
| 25% down | $2,149.39/mo |
| 30% down | $2,006.10/mo |
| 35% down | $1,862.80/mo |
| 40% down | $1,719.51/mo |
| 45% down | $1,576.22/mo |
| 50% down | $1,432.93/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.