Use the mortgage calculator to calculate the cost of buying a $695k 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 695,000 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 $695,000 house.
$695,000 Home at 2%
| 0% down | $2,568.86/mo |
| 5% down | $2,440.41/mo |
| 10% down | $2,311.97/mo |
| 15% down | $2,183.53/mo |
| 20% down | $2,055.08/mo |
| 25% down | $1,926.64/mo |
| 30% down | $1,798.20/mo |
| 35% down | $1,669.76/mo |
| 40% down | $1,541.31/mo |
| 45% down | $1,412.87/mo |
| 50% down | $1,284.43/mo |
$695,000 Home at 4%
| 0% down | $3,318.04/mo |
| 5% down | $3,152.13/mo |
| 10% down | $2,986.23/mo |
| 15% down | $2,820.33/mo |
| 20% down | $2,654.43/mo |
| 25% down | $2,488.53/mo |
| 30% down | $2,322.63/mo |
| 35% down | $2,156.72/mo |
| 40% down | $1,990.82/mo |
| 45% down | $1,824.92/mo |
| 50% down | $1,659.02/mo |
$695,000 Home at 6%
| 0% down | $4,166.88/mo |
| 5% down | $3,958.53/mo |
| 10% down | $3,750.19/mo |
| 15% down | $3,541.84/mo |
| 20% down | $3,333.50/mo |
| 25% down | $3,125.16/mo |
| 30% down | $2,916.81/mo |
| 35% down | $2,708.47/mo |
| 40% down | $2,500.13/mo |
| 45% down | $2,291.78/mo |
| 50% down | $2,083.44/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.