Use the mortgage calculator to calculate the cost of buying a $677k 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 677,000 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 $677,000 house.
$677,000 Home at 2%
| 0% down | $2,502.32/mo |
| 5% down | $2,377.21/mo |
| 10% down | $2,252.09/mo |
| 15% down | $2,126.98/mo |
| 20% down | $2,001.86/mo |
| 25% down | $1,876.74/mo |
| 30% down | $1,751.63/mo |
| 35% down | $1,626.51/mo |
| 40% down | $1,501.39/mo |
| 45% down | $1,376.28/mo |
| 50% down | $1,251.16/mo |
$677,000 Home at 4%
| 0% down | $3,232.10/mo |
| 5% down | $3,070.50/mo |
| 10% down | $2,908.89/mo |
| 15% down | $2,747.29/mo |
| 20% down | $2,585.68/mo |
| 25% down | $2,424.08/mo |
| 30% down | $2,262.47/mo |
| 35% down | $2,100.87/mo |
| 40% down | $1,939.26/mo |
| 45% down | $1,777.66/mo |
| 50% down | $1,616.05/mo |
$677,000 Home at 6%
| 0% down | $4,058.96/mo |
| 5% down | $3,856.01/mo |
| 10% down | $3,653.06/mo |
| 15% down | $3,450.11/mo |
| 20% down | $3,247.17/mo |
| 25% down | $3,044.22/mo |
| 30% down | $2,841.27/mo |
| 35% down | $2,638.32/mo |
| 40% down | $2,435.37/mo |
| 45% down | $2,232.43/mo |
| 50% down | $2,029.48/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.