Use the mortgage calculator to calculate the cost of buying a $552k 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 552,000 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 $552,000 house.
$552,000 Home at 2%
| 0% down | $2,040.30/mo |
| 5% down | $1,938.28/mo |
| 10% down | $1,836.27/mo |
| 15% down | $1,734.25/mo |
| 20% down | $1,632.24/mo |
| 25% down | $1,530.22/mo |
| 30% down | $1,428.21/mo |
| 35% down | $1,326.19/mo |
| 40% down | $1,224.18/mo |
| 45% down | $1,122.16/mo |
| 50% down | $1,020.15/mo |
$552,000 Home at 4%
| 0% down | $2,635.33/mo |
| 5% down | $2,503.57/mo |
| 10% down | $2,371.80/mo |
| 15% down | $2,240.03/mo |
| 20% down | $2,108.27/mo |
| 25% down | $1,976.50/mo |
| 30% down | $1,844.73/mo |
| 35% down | $1,712.97/mo |
| 40% down | $1,581.20/mo |
| 45% down | $1,449.43/mo |
| 50% down | $1,317.67/mo |
$552,000 Home at 6%
| 0% down | $3,309.52/mo |
| 5% down | $3,144.04/mo |
| 10% down | $2,978.57/mo |
| 15% down | $2,813.09/mo |
| 20% down | $2,647.62/mo |
| 25% down | $2,482.14/mo |
| 30% down | $2,316.66/mo |
| 35% down | $2,151.19/mo |
| 40% down | $1,985.71/mo |
| 45% down | $1,820.24/mo |
| 50% down | $1,654.76/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.