Use the mortgage calculator to calculate the cost of buying a $662k 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 662,000 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 $662,000 house.
$662,000 Home at 2%
| 0% down | $2,446.88/mo |
| 5% down | $2,324.54/mo |
| 10% down | $2,202.19/mo |
| 15% down | $2,079.85/mo |
| 20% down | $1,957.50/mo |
| 25% down | $1,835.16/mo |
| 30% down | $1,712.82/mo |
| 35% down | $1,590.47/mo |
| 40% down | $1,468.13/mo |
| 45% down | $1,345.78/mo |
| 50% down | $1,223.44/mo |
$662,000 Home at 4%
| 0% down | $3,160.49/mo |
| 5% down | $3,002.46/mo |
| 10% down | $2,844.44/mo |
| 15% down | $2,686.42/mo |
| 20% down | $2,528.39/mo |
| 25% down | $2,370.37/mo |
| 30% down | $2,212.34/mo |
| 35% down | $2,054.32/mo |
| 40% down | $1,896.29/mo |
| 45% down | $1,738.27/mo |
| 50% down | $1,580.24/mo |
$662,000 Home at 6%
| 0% down | $3,969.02/mo |
| 5% down | $3,770.57/mo |
| 10% down | $3,572.12/mo |
| 15% down | $3,373.67/mo |
| 20% down | $3,175.22/mo |
| 25% down | $2,976.77/mo |
| 30% down | $2,778.32/mo |
| 35% down | $2,579.87/mo |
| 40% down | $2,381.41/mo |
| 45% down | $2,182.96/mo |
| 50% down | $1,984.51/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.