Use the mortgage calculator to calculate the cost of buying a $566k 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 566,000 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 $566,000 house.
$566,000 Home at 2%
| 0% down | $2,092.05/mo |
| 5% down | $1,987.44/mo |
| 10% down | $1,882.84/mo |
| 15% down | $1,778.24/mo |
| 20% down | $1,673.64/mo |
| 25% down | $1,569.03/mo |
| 30% down | $1,464.43/mo |
| 35% down | $1,359.83/mo |
| 40% down | $1,255.23/mo |
| 45% down | $1,150.63/mo |
| 50% down | $1,046.02/mo |
$566,000 Home at 4%
| 0% down | $2,702.17/mo |
| 5% down | $2,567.06/mo |
| 10% down | $2,431.95/mo |
| 15% down | $2,296.84/mo |
| 20% down | $2,161.74/mo |
| 25% down | $2,026.63/mo |
| 30% down | $1,891.52/mo |
| 35% down | $1,756.41/mo |
| 40% down | $1,621.30/mo |
| 45% down | $1,486.19/mo |
| 50% down | $1,351.09/mo |
$566,000 Home at 6%
| 0% down | $3,393.46/mo |
| 5% down | $3,223.78/mo |
| 10% down | $3,054.11/mo |
| 15% down | $2,884.44/mo |
| 20% down | $2,714.76/mo |
| 25% down | $2,545.09/mo |
| 30% down | $2,375.42/mo |
| 35% down | $2,205.75/mo |
| 40% down | $2,036.07/mo |
| 45% down | $1,866.40/mo |
| 50% down | $1,696.73/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.