Use the mortgage calculator to calculate the cost of buying a $519k 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 519,000 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 $519,000 house.
2% interest
| 0% down | $1,918.33/mo |
| 5% down | $1,822.41/mo |
| 10% down | $1,726.49/mo |
| 15% down | $1,630.58/mo |
| 20% down | $1,534.66/mo |
| 25% down | $1,438.74/mo |
| 30% down | $1,342.83/mo |
| 35% down | $1,246.91/mo |
| 40% down | $1,151.00/mo |
| 45% down | $1,055.08/mo |
| 50% down | $959.16/mo |
4% interest
| 0% down | $2,477.79/mo |
| 5% down | $2,353.90/mo |
| 10% down | $2,230.01/mo |
| 15% down | $2,106.12/mo |
| 20% down | $1,982.23/mo |
| 25% down | $1,858.34/mo |
| 30% down | $1,734.45/mo |
| 35% down | $1,610.56/mo |
| 40% down | $1,486.67/mo |
| 45% down | $1,362.78/mo |
| 50% down | $1,238.89/mo |
6% interest
| 0% down | $3,111.67/mo |
| 5% down | $2,956.08/mo |
| 10% down | $2,800.50/mo |
| 15% down | $2,644.92/mo |
| 20% down | $2,489.33/mo |
| 25% down | $2,333.75/mo |
| 30% down | $2,178.17/mo |
| 35% down | $2,022.58/mo |
| 40% down | $1,867.00/mo |
| 45% down | $1,711.42/mo |
| 50% down | $1,555.83/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
