Use the mortgage calculator to calculate the cost of buying a $562k 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 562,000 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 $562,000 house.
$562,000 Home at 2%
| 0% down | $2,077.26/mo |
| 5% down | $1,973.40/mo |
| 10% down | $1,869.54/mo |
| 15% down | $1,765.67/mo |
| 20% down | $1,661.81/mo |
| 25% down | $1,557.95/mo |
| 30% down | $1,454.08/mo |
| 35% down | $1,350.22/mo |
| 40% down | $1,246.36/mo |
| 45% down | $1,142.49/mo |
| 50% down | $1,038.63/mo |
$562,000 Home at 4%
| 0% down | $2,683.07/mo |
| 5% down | $2,548.92/mo |
| 10% down | $2,414.77/mo |
| 15% down | $2,280.61/mo |
| 20% down | $2,146.46/mo |
| 25% down | $2,012.31/mo |
| 30% down | $1,878.15/mo |
| 35% down | $1,744.00/mo |
| 40% down | $1,609.84/mo |
| 45% down | $1,475.69/mo |
| 50% down | $1,341.54/mo |
$562,000 Home at 6%
| 0% down | $3,369.47/mo |
| 5% down | $3,201.00/mo |
| 10% down | $3,032.53/mo |
| 15% down | $2,864.05/mo |
| 20% down | $2,695.58/mo |
| 25% down | $2,527.11/mo |
| 30% down | $2,358.63/mo |
| 35% down | $2,190.16/mo |
| 40% down | $2,021.68/mo |
| 45% down | $1,853.21/mo |
| 50% down | $1,684.74/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.