Use the mortgage calculator to calculate the cost of buying a $537k 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 537,000 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 $537,000 house.
$537,000 Home at 2%
| 0% down | $1,984.86/mo |
| 5% down | $1,885.61/mo |
| 10% down | $1,786.37/mo |
| 15% down | $1,687.13/mo |
| 20% down | $1,587.89/mo |
| 25% down | $1,488.64/mo |
| 30% down | $1,389.40/mo |
| 35% down | $1,290.16/mo |
| 40% down | $1,190.91/mo |
| 45% down | $1,091.67/mo |
| 50% down | $992.43/mo |
$537,000 Home at 4%
| 0% down | $2,563.72/mo |
| 5% down | $2,435.53/mo |
| 10% down | $2,307.35/mo |
| 15% down | $2,179.16/mo |
| 20% down | $2,050.98/mo |
| 25% down | $1,922.79/mo |
| 30% down | $1,794.60/mo |
| 35% down | $1,666.42/mo |
| 40% down | $1,538.23/mo |
| 45% down | $1,410.05/mo |
| 50% down | $1,281.86/mo |
$537,000 Home at 6%
| 0% down | $3,219.59/mo |
| 5% down | $3,058.61/mo |
| 10% down | $2,897.63/mo |
| 15% down | $2,736.65/mo |
| 20% down | $2,575.67/mo |
| 25% down | $2,414.69/mo |
| 30% down | $2,253.71/mo |
| 35% down | $2,092.73/mo |
| 40% down | $1,931.75/mo |
| 45% down | $1,770.77/mo |
| 50% down | $1,609.79/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.