Use the mortgage calculator to calculate the cost of buying a $628k 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 628,000 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 $628,000 house.
$628,000 Home at 2%
0% down | $2,321.21/mo |
5% down | $2,205.15/mo |
10% down | $2,089.09/mo |
15% down | $1,973.03/mo |
20% down | $1,856.97/mo |
25% down | $1,740.91/mo |
30% down | $1,624.85/mo |
35% down | $1,508.79/mo |
40% down | $1,392.73/mo |
45% down | $1,276.67/mo |
50% down | $1,160.61/mo |
$628,000 Home at 4%
0% down | $2,998.17/mo |
5% down | $2,848.26/mo |
10% down | $2,698.35/mo |
15% down | $2,548.44/mo |
20% down | $2,398.53/mo |
25% down | $2,248.63/mo |
30% down | $2,098.72/mo |
35% down | $1,948.81/mo |
40% down | $1,798.90/mo |
45% down | $1,648.99/mo |
50% down | $1,499.08/mo |
$628,000 Home at 6%
0% down | $3,765.18/mo |
5% down | $3,576.92/mo |
10% down | $3,388.66/mo |
15% down | $3,200.40/mo |
20% down | $3,012.14/mo |
25% down | $2,823.88/mo |
30% down | $2,635.62/mo |
35% down | $2,447.37/mo |
40% down | $2,259.11/mo |
45% down | $2,070.85/mo |
50% down | $1,882.59/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.