Use the mortgage calculator to calculate the cost of buying a $583k 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 583,000 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 $583,000 house.
$583,000 Home at 2%
| 0% down | $2,154.88/mo |
| 5% down | $2,047.14/mo |
| 10% down | $1,939.39/mo |
| 15% down | $1,831.65/mo |
| 20% down | $1,723.91/mo |
| 25% down | $1,616.16/mo |
| 30% down | $1,508.42/mo |
| 35% down | $1,400.67/mo |
| 40% down | $1,292.93/mo |
| 45% down | $1,185.18/mo |
| 50% down | $1,077.44/mo |
$583,000 Home at 4%
| 0% down | $2,783.33/mo |
| 5% down | $2,644.16/mo |
| 10% down | $2,505.00/mo |
| 15% down | $2,365.83/mo |
| 20% down | $2,226.66/mo |
| 25% down | $2,087.50/mo |
| 30% down | $1,948.33/mo |
| 35% down | $1,809.17/mo |
| 40% down | $1,670.00/mo |
| 45% down | $1,530.83/mo |
| 50% down | $1,391.67/mo |
$583,000 Home at 6%
| 0% down | $3,495.38/mo |
| 5% down | $3,320.61/mo |
| 10% down | $3,145.84/mo |
| 15% down | $2,971.07/mo |
| 20% down | $2,796.30/mo |
| 25% down | $2,621.53/mo |
| 30% down | $2,446.77/mo |
| 35% down | $2,272.00/mo |
| 40% down | $2,097.23/mo |
| 45% down | $1,922.46/mo |
| 50% down | $1,747.69/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.