$511,000 Mortgage Loan Payments and Costs

$
$
%
years
%

Loan Summary


Use the mortgage calculator to calculate the cost of buying a $511k 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 511,000 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 $511,000 house.
2% interest
0% down$1,888.76/mo
5% down$1,794.32/mo
10% down$1,699.88/mo
15% down$1,605.44/mo
20% down$1,511.00/mo
25% down$1,416.57/mo
30% down$1,322.13/mo
35% down$1,227.69/mo
40% down$1,133.25/mo
45% down$1,038.82/mo
50% down$944.38/mo
4% interest
0% down$2,439.59/mo
5% down$2,317.61/mo
10% down$2,195.63/mo
15% down$2,073.65/mo
20% down$1,951.67/mo
25% down$1,829.69/mo
30% down$1,707.71/mo
35% down$1,585.73/mo
40% down$1,463.76/mo
45% down$1,341.78/mo
50% down$1,219.80/mo
6% interest
0% down$3,063.70/mo
5% down$2,910.52/mo
10% down$2,757.33/mo
15% down$2,604.15/mo
20% down$2,450.96/mo
25% down$2,297.78/mo
30% down$2,144.59/mo
35% down$1,991.41/mo
40% down$1,838.22/mo
45% down$1,685.04/mo
50% down$1,531.85/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 511,000 house with a 20% down payment?
($408,800 loan. 30 year mortgage)
0.25%$1,178.79
0.50%$1,223.09
0.75%$1,268.45
1.00%$1,314.86
1.25%$1,362.33
1.50%$1,410.85
1.75%$1,460.41
2.00%$1,511.00
2.25%$1,562.62
2.50%$1,615.25
2.75%$1,668.89
3.00%$1,723.52
3.25%$1,779.12
3.50%$1,835.69
3.75%$1,893.22
4.00%$1,951.67
4.25%$2,011.05
4.50%$2,071.33
4.75%$2,132.49
5.00%$2,194.53
5.25%$2,257.41
5.50%$2,321.12
5.75%$2,385.65
6.00%$2,450.96
6.25%$2,517.05
6.50%$2,583.89
6.75%$2,651.47
7.00%$2,719.76
7.25%$2,788.74
7.50%$2,858.39
7.75%$2,928.69
8.00%$2,999.63
8.25%$3,071.18
8.50%$3,143.32
8.75%$3,216.03
9.00%$3,289.30
9.25%$3,363.10
9.50%$3,437.41
9.75%$3,512.22
10.00%$3,587.51
10.25%$3,663.26
10.50%$3,739.45
10.75%$3,816.07
11.00%$3,893.10
11.25%$3,970.52
11.50%$4,048.31
11.75%$4,126.47
12.00%$4,204.97