Use the mortgage calculator to calculate the cost of buying a $520k 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 520,000 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 $520,000 house.
$520,000 Home at 2%
| 0% down | $1,922.02/mo |
| 5% down | $1,825.92/mo |
| 10% down | $1,729.82/mo |
| 15% down | $1,633.72/mo |
| 20% down | $1,537.62/mo |
| 25% down | $1,441.52/mo |
| 30% down | $1,345.41/mo |
| 35% down | $1,249.31/mo |
| 40% down | $1,153.21/mo |
| 45% down | $1,057.11/mo |
| 50% down | $961.01/mo |
$520,000 Home at 4%
| 0% down | $2,482.56/mo |
| 5% down | $2,358.43/mo |
| 10% down | $2,234.30/mo |
| 15% down | $2,110.18/mo |
| 20% down | $1,986.05/mo |
| 25% down | $1,861.92/mo |
| 30% down | $1,737.79/mo |
| 35% down | $1,613.66/mo |
| 40% down | $1,489.54/mo |
| 45% down | $1,365.41/mo |
| 50% down | $1,241.28/mo |
$520,000 Home at 6%
| 0% down | $3,117.66/mo |
| 5% down | $2,961.78/mo |
| 10% down | $2,805.90/mo |
| 15% down | $2,650.01/mo |
| 20% down | $2,494.13/mo |
| 25% down | $2,338.25/mo |
| 30% down | $2,182.36/mo |
| 35% down | $2,026.48/mo |
| 40% down | $1,870.60/mo |
| 45% down | $1,714.71/mo |
| 50% down | $1,558.83/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.