Use the mortgage calculator to calculate the cost of buying a $710k 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 710,000 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 $710,000 house.
$710,000 Home at 2%
| 0% down | $2,624.30/mo |
| 5% down | $2,493.08/mo |
| 10% down | $2,361.87/mo |
| 15% down | $2,230.65/mo |
| 20% down | $2,099.44/mo |
| 25% down | $1,968.22/mo |
| 30% down | $1,837.01/mo |
| 35% down | $1,705.79/mo |
| 40% down | $1,574.58/mo |
| 45% down | $1,443.36/mo |
| 50% down | $1,312.15/mo |
$710,000 Home at 4%
| 0% down | $3,389.65/mo |
| 5% down | $3,220.17/mo |
| 10% down | $3,050.68/mo |
| 15% down | $2,881.20/mo |
| 20% down | $2,711.72/mo |
| 25% down | $2,542.24/mo |
| 30% down | $2,372.75/mo |
| 35% down | $2,203.27/mo |
| 40% down | $2,033.79/mo |
| 45% down | $1,864.31/mo |
| 50% down | $1,694.82/mo |
$710,000 Home at 6%
| 0% down | $4,256.81/mo |
| 5% down | $4,043.97/mo |
| 10% down | $3,831.13/mo |
| 15% down | $3,618.29/mo |
| 20% down | $3,405.45/mo |
| 25% down | $3,192.61/mo |
| 30% down | $2,979.77/mo |
| 35% down | $2,766.93/mo |
| 40% down | $2,554.09/mo |
| 45% down | $2,341.24/mo |
| 50% down | $2,128.40/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.