Use the mortgage calculator to calculate the cost of buying a $568k 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 568,000 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 $568,000 house.
2% interest
| 0% down | $2,099.44/mo |
| 5% down | $1,994.47/mo |
| 10% down | $1,889.49/mo |
| 15% down | $1,784.52/mo |
| 20% down | $1,679.55/mo |
| 25% down | $1,574.58/mo |
| 30% down | $1,469.61/mo |
| 35% down | $1,364.64/mo |
| 40% down | $1,259.66/mo |
| 45% down | $1,154.69/mo |
| 50% down | $1,049.72/mo |
4% interest
| 0% down | $2,711.72/mo |
| 5% down | $2,576.13/mo |
| 10% down | $2,440.55/mo |
| 15% down | $2,304.96/mo |
| 20% down | $2,169.38/mo |
| 25% down | $2,033.79/mo |
| 30% down | $1,898.20/mo |
| 35% down | $1,762.62/mo |
| 40% down | $1,627.03/mo |
| 45% down | $1,491.45/mo |
| 50% down | $1,355.86/mo |
6% interest
| 0% down | $3,405.45/mo |
| 5% down | $3,235.17/mo |
| 10% down | $3,064.90/mo |
| 15% down | $2,894.63/mo |
| 20% down | $2,724.36/mo |
| 25% down | $2,554.09/mo |
| 30% down | $2,383.81/mo |
| 35% down | $2,213.54/mo |
| 40% down | $2,043.27/mo |
| 45% down | $1,873.00/mo |
| 50% down | $1,702.72/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.