Use the mortgage calculator to calculate the cost of buying a $517k 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 517,000 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 $517,000 house.
$517,000 Home at 2%
| 0% down | $1,910.93/mo |
| 5% down | $1,815.39/mo |
| 10% down | $1,719.84/mo |
| 15% down | $1,624.29/mo |
| 20% down | $1,528.75/mo |
| 25% down | $1,433.20/mo |
| 30% down | $1,337.65/mo |
| 35% down | $1,242.11/mo |
| 40% down | $1,146.56/mo |
| 45% down | $1,051.01/mo |
| 50% down | $955.47/mo |
$517,000 Home at 4%
| 0% down | $2,468.24/mo |
| 5% down | $2,344.83/mo |
| 10% down | $2,221.41/mo |
| 15% down | $2,098.00/mo |
| 20% down | $1,974.59/mo |
| 25% down | $1,851.18/mo |
| 30% down | $1,727.77/mo |
| 35% down | $1,604.35/mo |
| 40% down | $1,480.94/mo |
| 45% down | $1,357.53/mo |
| 50% down | $1,234.12/mo |
$517,000 Home at 6%
| 0% down | $3,099.68/mo |
| 5% down | $2,944.69/mo |
| 10% down | $2,789.71/mo |
| 15% down | $2,634.72/mo |
| 20% down | $2,479.74/mo |
| 25% down | $2,324.76/mo |
| 30% down | $2,169.77/mo |
| 35% down | $2,014.79/mo |
| 40% down | $1,859.81/mo |
| 45% down | $1,704.82/mo |
| 50% down | $1,549.84/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.