Use the mortgage calculator to calculate the cost of buying a $711k 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 711,000 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 $711,000 house.
$711,000 Home at 2%
0% down | $2,627.99/mo |
5% down | $2,496.59/mo |
10% down | $2,365.20/mo |
15% down | $2,233.80/mo |
20% down | $2,102.40/mo |
25% down | $1,971.00/mo |
30% down | $1,839.60/mo |
35% down | $1,708.20/mo |
40% down | $1,576.80/mo |
45% down | $1,445.40/mo |
50% down | $1,314.00/mo |
$711,000 Home at 4%
0% down | $3,394.42/mo |
5% down | $3,224.70/mo |
10% down | $3,054.98/mo |
15% down | $2,885.26/mo |
20% down | $2,715.54/mo |
25% down | $2,545.82/mo |
30% down | $2,376.10/mo |
35% down | $2,206.37/mo |
40% down | $2,036.65/mo |
45% down | $1,866.93/mo |
50% down | $1,697.21/mo |
$711,000 Home at 6%
0% down | $4,262.80/mo |
5% down | $4,049.66/mo |
10% down | $3,836.52/mo |
15% down | $3,623.38/mo |
20% down | $3,410.24/mo |
25% down | $3,197.10/mo |
30% down | $2,983.96/mo |
35% down | $2,770.82/mo |
40% down | $2,557.68/mo |
45% down | $2,344.54/mo |
50% down | $2,131.40/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.