Use the mortgage calculator to calculate the cost of buying a $543k 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 543,000 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 $543,000 house.
$543,000 Home at 2%
| 0% down | $2,007.03/mo |
| 5% down | $1,906.68/mo |
| 10% down | $1,806.33/mo |
| 15% down | $1,705.98/mo |
| 20% down | $1,605.63/mo |
| 25% down | $1,505.28/mo |
| 30% down | $1,404.92/mo |
| 35% down | $1,304.57/mo |
| 40% down | $1,204.22/mo |
| 45% down | $1,103.87/mo |
| 50% down | $1,003.52/mo |
$543,000 Home at 4%
| 0% down | $2,592.37/mo |
| 5% down | $2,462.75/mo |
| 10% down | $2,333.13/mo |
| 15% down | $2,203.51/mo |
| 20% down | $2,073.89/mo |
| 25% down | $1,944.27/mo |
| 30% down | $1,814.66/mo |
| 35% down | $1,685.04/mo |
| 40% down | $1,555.42/mo |
| 45% down | $1,425.80/mo |
| 50% down | $1,296.18/mo |
$543,000 Home at 6%
| 0% down | $3,255.56/mo |
| 5% down | $3,092.78/mo |
| 10% down | $2,930.00/mo |
| 15% down | $2,767.23/mo |
| 20% down | $2,604.45/mo |
| 25% down | $2,441.67/mo |
| 30% down | $2,278.89/mo |
| 35% down | $2,116.11/mo |
| 40% down | $1,953.34/mo |
| 45% down | $1,790.56/mo |
| 50% down | $1,627.78/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.