Use the mortgage calculator to calculate the cost of buying a $715k 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 715,000 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 $715,000 house.
$715,000 Home at 2%
| 0% down | $2,642.78/mo |
| 5% down | $2,510.64/mo |
| 10% down | $2,378.50/mo |
| 15% down | $2,246.36/mo |
| 20% down | $2,114.22/mo |
| 25% down | $1,982.08/mo |
| 30% down | $1,849.95/mo |
| 35% down | $1,717.81/mo |
| 40% down | $1,585.67/mo |
| 45% down | $1,453.53/mo |
| 50% down | $1,321.39/mo |
$715,000 Home at 4%
| 0% down | $3,413.52/mo |
| 5% down | $3,242.84/mo |
| 10% down | $3,072.17/mo |
| 15% down | $2,901.49/mo |
| 20% down | $2,730.82/mo |
| 25% down | $2,560.14/mo |
| 30% down | $2,389.46/mo |
| 35% down | $2,218.79/mo |
| 40% down | $2,048.11/mo |
| 45% down | $1,877.44/mo |
| 50% down | $1,706.76/mo |
$715,000 Home at 6%
| 0% down | $4,286.79/mo |
| 5% down | $4,072.45/mo |
| 10% down | $3,858.11/mo |
| 15% down | $3,643.77/mo |
| 20% down | $3,429.43/mo |
| 25% down | $3,215.09/mo |
| 30% down | $3,000.75/mo |
| 35% down | $2,786.41/mo |
| 40% down | $2,572.07/mo |
| 45% down | $2,357.73/mo |
| 50% down | $2,143.39/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.