Use the mortgage calculator to calculate the cost of buying a $524k 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 524,000 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 $524,000 house.
$524,000 Home at 2%
| 0% down | $1,936.81/mo |
| 5% down | $1,839.97/mo |
| 10% down | $1,743.13/mo |
| 15% down | $1,646.29/mo |
| 20% down | $1,549.44/mo |
| 25% down | $1,452.60/mo |
| 30% down | $1,355.76/mo |
| 35% down | $1,258.92/mo |
| 40% down | $1,162.08/mo |
| 45% down | $1,065.24/mo |
| 50% down | $968.40/mo |
$524,000 Home at 4%
| 0% down | $2,501.66/mo |
| 5% down | $2,376.57/mo |
| 10% down | $2,251.49/mo |
| 15% down | $2,126.41/mo |
| 20% down | $2,001.32/mo |
| 25% down | $1,876.24/mo |
| 30% down | $1,751.16/mo |
| 35% down | $1,626.08/mo |
| 40% down | $1,500.99/mo |
| 45% down | $1,375.91/mo |
| 50% down | $1,250.83/mo |
$524,000 Home at 6%
| 0% down | $3,141.64/mo |
| 5% down | $2,984.56/mo |
| 10% down | $2,827.48/mo |
| 15% down | $2,670.40/mo |
| 20% down | $2,513.32/mo |
| 25% down | $2,356.23/mo |
| 30% down | $2,199.15/mo |
| 35% down | $2,042.07/mo |
| 40% down | $1,884.99/mo |
| 45% down | $1,727.90/mo |
| 50% down | $1,570.82/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.