Use the mortgage calculator to calculate the cost of buying a $499k 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 499,000 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 $499,000 house.
$499,000 Home at 2%
| 0% down | $1,844.40/mo |
| 5% down | $1,752.18/mo |
| 10% down | $1,659.96/mo |
| 15% down | $1,567.74/mo |
| 20% down | $1,475.52/mo |
| 25% down | $1,383.30/mo |
| 30% down | $1,291.08/mo |
| 35% down | $1,198.86/mo |
| 40% down | $1,106.64/mo |
| 45% down | $1,014.42/mo |
| 50% down | $922.20/mo |
$499,000 Home at 4%
| 0% down | $2,382.30/mo |
| 5% down | $2,263.19/mo |
| 10% down | $2,144.07/mo |
| 15% down | $2,024.96/mo |
| 20% down | $1,905.84/mo |
| 25% down | $1,786.73/mo |
| 30% down | $1,667.61/mo |
| 35% down | $1,548.50/mo |
| 40% down | $1,429.38/mo |
| 45% down | $1,310.27/mo |
| 50% down | $1,191.15/mo |
$499,000 Home at 6%
| 0% down | $2,991.76/mo |
| 5% down | $2,842.17/mo |
| 10% down | $2,692.58/mo |
| 15% down | $2,542.99/mo |
| 20% down | $2,393.41/mo |
| 25% down | $2,243.82/mo |
| 30% down | $2,094.23/mo |
| 35% down | $1,944.64/mo |
| 40% down | $1,795.05/mo |
| 45% down | $1,645.47/mo |
| 50% down | $1,495.88/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.