Use the mortgage calculator to calculate the cost of buying a $691k 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 691,000 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 $691,000 house.
$691,000 Home at 2%
| 0% down | $2,554.07/mo |
| 5% down | $2,426.37/mo |
| 10% down | $2,298.66/mo |
| 15% down | $2,170.96/mo |
| 20% down | $2,043.26/mo |
| 25% down | $1,915.55/mo |
| 30% down | $1,787.85/mo |
| 35% down | $1,660.15/mo |
| 40% down | $1,532.44/mo |
| 45% down | $1,404.74/mo |
| 50% down | $1,277.04/mo |
$691,000 Home at 4%
| 0% down | $3,298.94/mo |
| 5% down | $3,133.99/mo |
| 10% down | $2,969.05/mo |
| 15% down | $2,804.10/mo |
| 20% down | $2,639.15/mo |
| 25% down | $2,474.20/mo |
| 30% down | $2,309.26/mo |
| 35% down | $2,144.31/mo |
| 40% down | $1,979.36/mo |
| 45% down | $1,814.42/mo |
| 50% down | $1,649.47/mo |
$691,000 Home at 6%
| 0% down | $4,142.89/mo |
| 5% down | $3,935.75/mo |
| 10% down | $3,728.60/mo |
| 15% down | $3,521.46/mo |
| 20% down | $3,314.32/mo |
| 25% down | $3,107.17/mo |
| 30% down | $2,900.03/mo |
| 35% down | $2,692.88/mo |
| 40% down | $2,485.74/mo |
| 45% down | $2,278.59/mo |
| 50% down | $2,071.45/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.