Use the mortgage calculator to calculate the cost of buying a $559k 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 559,000 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 $559,000 house.
$559,000 Home at 2%
| 0% down | $2,066.17/mo |
| 5% down | $1,962.86/mo |
| 10% down | $1,859.56/mo |
| 15% down | $1,756.25/mo |
| 20% down | $1,652.94/mo |
| 25% down | $1,549.63/mo |
| 30% down | $1,446.32/mo |
| 35% down | $1,343.01/mo |
| 40% down | $1,239.70/mo |
| 45% down | $1,136.40/mo |
| 50% down | $1,033.09/mo |
$559,000 Home at 4%
| 0% down | $2,668.75/mo |
| 5% down | $2,535.31/mo |
| 10% down | $2,401.88/mo |
| 15% down | $2,268.44/mo |
| 20% down | $2,135.00/mo |
| 25% down | $2,001.56/mo |
| 30% down | $1,868.13/mo |
| 35% down | $1,734.69/mo |
| 40% down | $1,601.25/mo |
| 45% down | $1,467.81/mo |
| 50% down | $1,334.38/mo |
$559,000 Home at 6%
| 0% down | $3,351.49/mo |
| 5% down | $3,183.91/mo |
| 10% down | $3,016.34/mo |
| 15% down | $2,848.76/mo |
| 20% down | $2,681.19/mo |
| 25% down | $2,513.62/mo |
| 30% down | $2,346.04/mo |
| 35% down | $2,178.47/mo |
| 40% down | $2,010.89/mo |
| 45% down | $1,843.32/mo |
| 50% down | $1,675.74/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.