Use the mortgage calculator to calculate the cost of buying a $510k 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 510,000 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 $510,000 house.
$510,000 Home at 2%
| 0% down | $1,885.06/mo |
| 5% down | $1,790.81/mo |
| 10% down | $1,696.55/mo |
| 15% down | $1,602.30/mo |
| 20% down | $1,508.05/mo |
| 25% down | $1,413.79/mo |
| 30% down | $1,319.54/mo |
| 35% down | $1,225.29/mo |
| 40% down | $1,131.04/mo |
| 45% down | $1,036.78/mo |
| 50% down | $942.53/mo |
$510,000 Home at 4%
| 0% down | $2,434.82/mo |
| 5% down | $2,313.08/mo |
| 10% down | $2,191.34/mo |
| 15% down | $2,069.60/mo |
| 20% down | $1,947.85/mo |
| 25% down | $1,826.11/mo |
| 30% down | $1,704.37/mo |
| 35% down | $1,582.63/mo |
| 40% down | $1,460.89/mo |
| 45% down | $1,339.15/mo |
| 50% down | $1,217.41/mo |
$510,000 Home at 6%
| 0% down | $3,057.71/mo |
| 5% down | $2,904.82/mo |
| 10% down | $2,751.94/mo |
| 15% down | $2,599.05/mo |
| 20% down | $2,446.17/mo |
| 25% down | $2,293.28/mo |
| 30% down | $2,140.40/mo |
| 35% down | $1,987.51/mo |
| 40% down | $1,834.62/mo |
| 45% down | $1,681.74/mo |
| 50% down | $1,528.85/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.