Use the mortgage calculator to calculate the cost of buying a $656k 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 656,000 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 $656,000 house.
$656,000 Home at 2%
| 0% down | $2,424.70/mo |
| 5% down | $2,303.47/mo |
| 10% down | $2,182.23/mo |
| 15% down | $2,061.00/mo |
| 20% down | $1,939.76/mo |
| 25% down | $1,818.53/mo |
| 30% down | $1,697.29/mo |
| 35% down | $1,576.06/mo |
| 40% down | $1,454.82/mo |
| 45% down | $1,333.59/mo |
| 50% down | $1,212.35/mo |
$656,000 Home at 4%
| 0% down | $3,131.84/mo |
| 5% down | $2,975.25/mo |
| 10% down | $2,818.66/mo |
| 15% down | $2,662.07/mo |
| 20% down | $2,505.48/mo |
| 25% down | $2,348.88/mo |
| 30% down | $2,192.29/mo |
| 35% down | $2,035.70/mo |
| 40% down | $1,879.11/mo |
| 45% down | $1,722.51/mo |
| 50% down | $1,565.92/mo |
$656,000 Home at 6%
| 0% down | $3,933.05/mo |
| 5% down | $3,736.40/mo |
| 10% down | $3,539.75/mo |
| 15% down | $3,343.09/mo |
| 20% down | $3,146.44/mo |
| 25% down | $2,949.79/mo |
| 30% down | $2,753.14/mo |
| 35% down | $2,556.48/mo |
| 40% down | $2,359.83/mo |
| 45% down | $2,163.18/mo |
| 50% down | $1,966.53/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.