Use the mortgage calculator to calculate the cost of buying a $529k 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 529,000 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 $529,000 house.
$529,000 Home at 2%
0% down | $1,955.29/mo |
5% down | $1,857.52/mo |
10% down | $1,759.76/mo |
15% down | $1,661.99/mo |
20% down | $1,564.23/mo |
25% down | $1,466.47/mo |
30% down | $1,368.70/mo |
35% down | $1,270.94/mo |
40% down | $1,173.17/mo |
45% down | $1,075.41/mo |
50% down | $977.64/mo |
$529,000 Home at 4%
0% down | $2,525.53/mo |
5% down | $2,399.25/mo |
10% down | $2,272.97/mo |
15% down | $2,146.70/mo |
20% down | $2,020.42/mo |
25% down | $1,894.15/mo |
30% down | $1,767.87/mo |
35% down | $1,641.59/mo |
40% down | $1,515.32/mo |
45% down | $1,389.04/mo |
50% down | $1,262.76/mo |
$529,000 Home at 6%
0% down | $3,171.62/mo |
5% down | $3,013.04/mo |
10% down | $2,854.46/mo |
15% down | $2,695.88/mo |
20% down | $2,537.30/mo |
25% down | $2,378.72/mo |
30% down | $2,220.14/mo |
35% down | $2,061.55/mo |
40% down | $1,902.97/mo |
45% down | $1,744.39/mo |
50% down | $1,585.81/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.