$480,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $480k 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 480,000 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 $480,000 house.
2% interest
0% down$1,774.17/mo
5% down$1,685.46/mo
10% down$1,596.76/mo
15% down$1,508.05/mo
20% down$1,419.34/mo
25% down$1,330.63/mo
30% down$1,241.92/mo
35% down$1,153.21/mo
40% down$1,064.50/mo
45% down$975.80/mo
50% down$887.09/mo
4% interest
0% down$2,291.59/mo
5% down$2,177.01/mo
10% down$2,062.43/mo
15% down$1,947.85/mo
20% down$1,833.27/mo
25% down$1,718.70/mo
30% down$1,604.12/mo
35% down$1,489.54/mo
40% down$1,374.96/mo
45% down$1,260.38/mo
50% down$1,145.80/mo
6% interest
0% down$2,877.84/mo
5% down$2,733.95/mo
10% down$2,590.06/mo
15% down$2,446.17/mo
20% down$2,302.27/mo
25% down$2,158.38/mo
30% down$2,014.49/mo
35% down$1,870.60/mo
40% down$1,726.71/mo
45% down$1,582.81/mo
50% down$1,438.92/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 480,000 house with a 20% down payment?
($384,000 loan. 30 year mortgage)
0.25%$1,107.28
0.50%$1,148.89
0.75%$1,191.49
1.00%$1,235.10
1.25%$1,279.69
1.50%$1,325.26
1.75%$1,371.81
2.00%$1,419.34
2.25%$1,467.83
2.50%$1,517.26
2.75%$1,567.65
3.00%$1,618.96
3.25%$1,671.19
3.50%$1,724.33
3.75%$1,778.36
4.00%$1,833.27
4.25%$1,889.05
4.50%$1,945.67
4.75%$2,003.13
5.00%$2,061.40
5.25%$2,120.46
5.50%$2,180.31
5.75%$2,240.92
6.00%$2,302.27
6.25%$2,364.35
6.50%$2,427.14
6.75%$2,490.62
7.00%$2,554.76
7.25%$2,619.56
7.50%$2,684.98
7.75%$2,751.02
8.00%$2,817.66
8.25%$2,884.86
8.50%$2,952.63
8.75%$3,020.93
9.00%$3,089.75
9.25%$3,159.07
9.50%$3,228.88
9.75%$3,299.15
10.00%$3,369.87
10.25%$3,441.03
10.50%$3,512.60
10.75%$3,584.57
11.00%$3,656.92
11.25%$3,729.64
11.50%$3,802.72
11.75%$3,876.13
12.00%$3,949.87