Use the mortgage calculator to calculate the cost of buying a $534k 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 534,000 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 $534,000 house.
$534,000 Home at 2%
| 0% down | $1,973.77/mo |
| 5% down | $1,875.08/mo |
| 10% down | $1,776.39/mo |
| 15% down | $1,677.70/mo |
| 20% down | $1,579.01/mo |
| 25% down | $1,480.33/mo |
| 30% down | $1,381.64/mo |
| 35% down | $1,282.95/mo |
| 40% down | $1,184.26/mo |
| 45% down | $1,085.57/mo |
| 50% down | $986.88/mo |
$534,000 Home at 4%
| 0% down | $2,549.40/mo |
| 5% down | $2,421.93/mo |
| 10% down | $2,294.46/mo |
| 15% down | $2,166.99/mo |
| 20% down | $2,039.52/mo |
| 25% down | $1,912.05/mo |
| 30% down | $1,784.58/mo |
| 35% down | $1,657.11/mo |
| 40% down | $1,529.64/mo |
| 45% down | $1,402.17/mo |
| 50% down | $1,274.70/mo |
$534,000 Home at 6%
| 0% down | $3,201.60/mo |
| 5% down | $3,041.52/mo |
| 10% down | $2,881.44/mo |
| 15% down | $2,721.36/mo |
| 20% down | $2,561.28/mo |
| 25% down | $2,401.20/mo |
| 30% down | $2,241.12/mo |
| 35% down | $2,081.04/mo |
| 40% down | $1,920.96/mo |
| 45% down | $1,760.88/mo |
| 50% down | $1,600.80/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.