Use the mortgage calculator to calculate the cost of buying a $533k 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 533,000 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 $533,000 house.
2% interest
| 0% down | $1,970.07/mo |
| 5% down | $1,871.57/mo |
| 10% down | $1,773.06/mo |
| 15% down | $1,674.56/mo |
| 20% down | $1,576.06/mo |
| 25% down | $1,477.55/mo |
| 30% down | $1,379.05/mo |
| 35% down | $1,280.55/mo |
| 40% down | $1,182.04/mo |
| 45% down | $1,083.54/mo |
| 50% down | $985.04/mo |
4% interest
| 0% down | $2,544.62/mo |
| 5% down | $2,417.39/mo |
| 10% down | $2,290.16/mo |
| 15% down | $2,162.93/mo |
| 20% down | $2,035.70/mo |
| 25% down | $1,908.47/mo |
| 30% down | $1,781.24/mo |
| 35% down | $1,654.01/mo |
| 40% down | $1,526.77/mo |
| 45% down | $1,399.54/mo |
| 50% down | $1,272.31/mo |
6% interest
| 0% down | $3,195.60/mo |
| 5% down | $3,035.82/mo |
| 10% down | $2,876.04/mo |
| 15% down | $2,716.26/mo |
| 20% down | $2,556.48/mo |
| 25% down | $2,396.70/mo |
| 30% down | $2,236.92/mo |
| 35% down | $2,077.14/mo |
| 40% down | $1,917.36/mo |
| 45% down | $1,757.58/mo |
| 50% down | $1,597.80/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
