Use the mortgage calculator to calculate the cost of buying a $513k 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 513,000 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 $513,000 house.
$513,000 Home at 2%
| 0% down | $1,896.15/mo |
| 5% down | $1,801.34/mo |
| 10% down | $1,706.53/mo |
| 15% down | $1,611.73/mo |
| 20% down | $1,516.92/mo |
| 25% down | $1,422.11/mo |
| 30% down | $1,327.30/mo |
| 35% down | $1,232.50/mo |
| 40% down | $1,137.69/mo |
| 45% down | $1,042.88/mo |
| 50% down | $948.07/mo |
$513,000 Home at 4%
| 0% down | $2,449.14/mo |
| 5% down | $2,326.68/mo |
| 10% down | $2,204.23/mo |
| 15% down | $2,081.77/mo |
| 20% down | $1,959.31/mo |
| 25% down | $1,836.86/mo |
| 30% down | $1,714.40/mo |
| 35% down | $1,591.94/mo |
| 40% down | $1,469.48/mo |
| 45% down | $1,347.03/mo |
| 50% down | $1,224.57/mo |
$513,000 Home at 6%
| 0% down | $3,075.69/mo |
| 5% down | $2,921.91/mo |
| 10% down | $2,768.12/mo |
| 15% down | $2,614.34/mo |
| 20% down | $2,460.56/mo |
| 25% down | $2,306.77/mo |
| 30% down | $2,152.99/mo |
| 35% down | $1,999.20/mo |
| 40% down | $1,845.42/mo |
| 45% down | $1,691.63/mo |
| 50% down | $1,537.85/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.