Use the mortgage calculator to calculate the cost of buying a $696k 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 696,000 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 $696,000 house.
$696,000 Home at 2%
| 0% down | $2,572.55/mo |
| 5% down | $2,443.92/mo |
| 10% down | $2,315.30/mo |
| 15% down | $2,186.67/mo |
| 20% down | $2,058.04/mo |
| 25% down | $1,929.41/mo |
| 30% down | $1,800.79/mo |
| 35% down | $1,672.16/mo |
| 40% down | $1,543.53/mo |
| 45% down | $1,414.90/mo |
| 50% down | $1,286.28/mo |
$696,000 Home at 4%
| 0% down | $3,322.81/mo |
| 5% down | $3,156.67/mo |
| 10% down | $2,990.53/mo |
| 15% down | $2,824.39/mo |
| 20% down | $2,658.25/mo |
| 25% down | $2,492.11/mo |
| 30% down | $2,325.97/mo |
| 35% down | $2,159.83/mo |
| 40% down | $1,993.69/mo |
| 45% down | $1,827.55/mo |
| 50% down | $1,661.41/mo |
$696,000 Home at 6%
| 0% down | $4,172.87/mo |
| 5% down | $3,964.23/mo |
| 10% down | $3,755.58/mo |
| 15% down | $3,546.94/mo |
| 20% down | $3,338.30/mo |
| 25% down | $3,129.65/mo |
| 30% down | $2,921.01/mo |
| 35% down | $2,712.37/mo |
| 40% down | $2,503.72/mo |
| 45% down | $2,295.08/mo |
| 50% down | $2,086.44/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.