Use the mortgage calculator to calculate the cost of buying a $547k 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 547,000 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 $547,000 house.
$547,000 Home at 2%
| 0% down | $2,021.82/mo |
| 5% down | $1,920.73/mo |
| 10% down | $1,819.64/mo |
| 15% down | $1,718.55/mo |
| 20% down | $1,617.45/mo |
| 25% down | $1,516.36/mo |
| 30% down | $1,415.27/mo |
| 35% down | $1,314.18/mo |
| 40% down | $1,213.09/mo |
| 45% down | $1,112.00/mo |
| 50% down | $1,010.91/mo |
$547,000 Home at 4%
| 0% down | $2,611.46/mo |
| 5% down | $2,480.89/mo |
| 10% down | $2,350.32/mo |
| 15% down | $2,219.74/mo |
| 20% down | $2,089.17/mo |
| 25% down | $1,958.60/mo |
| 30% down | $1,828.02/mo |
| 35% down | $1,697.45/mo |
| 40% down | $1,566.88/mo |
| 45% down | $1,436.30/mo |
| 50% down | $1,305.73/mo |
$547,000 Home at 6%
| 0% down | $3,279.54/mo |
| 5% down | $3,115.56/mo |
| 10% down | $2,951.59/mo |
| 15% down | $2,787.61/mo |
| 20% down | $2,623.63/mo |
| 25% down | $2,459.66/mo |
| 30% down | $2,295.68/mo |
| 35% down | $2,131.70/mo |
| 40% down | $1,967.72/mo |
| 45% down | $1,803.75/mo |
| 50% down | $1,639.77/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.