Use the mortgage calculator to calculate the cost of buying a $523k 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 523,000 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 $523,000 house.
$523,000 Home at 2%
| 0% down | $1,933.11/mo |
| 5% down | $1,836.45/mo |
| 10% down | $1,739.80/mo |
| 15% down | $1,643.14/mo |
| 20% down | $1,546.49/mo |
| 25% down | $1,449.83/mo |
| 30% down | $1,353.18/mo |
| 35% down | $1,256.52/mo |
| 40% down | $1,159.87/mo |
| 45% down | $1,063.21/mo |
| 50% down | $966.55/mo |
$523,000 Home at 4%
| 0% down | $2,496.88/mo |
| 5% down | $2,372.04/mo |
| 10% down | $2,247.19/mo |
| 15% down | $2,122.35/mo |
| 20% down | $1,997.51/mo |
| 25% down | $1,872.66/mo |
| 30% down | $1,747.82/mo |
| 35% down | $1,622.97/mo |
| 40% down | $1,498.13/mo |
| 45% down | $1,373.29/mo |
| 50% down | $1,248.44/mo |
$523,000 Home at 6%
| 0% down | $3,135.65/mo |
| 5% down | $2,978.87/mo |
| 10% down | $2,822.08/mo |
| 15% down | $2,665.30/mo |
| 20% down | $2,508.52/mo |
| 25% down | $2,351.74/mo |
| 30% down | $2,194.95/mo |
| 35% down | $2,038.17/mo |
| 40% down | $1,881.39/mo |
| 45% down | $1,724.61/mo |
| 50% down | $1,567.82/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.