Use the mortgage calculator to calculate the cost of buying a $725k 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 725,000 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 $725,000 house.
$725,000 Home at 2%
0% down | $2,679.74/mo |
5% down | $2,545.75/mo |
10% down | $2,411.77/mo |
15% down | $2,277.78/mo |
20% down | $2,143.79/mo |
25% down | $2,009.81/mo |
30% down | $1,875.82/mo |
35% down | $1,741.83/mo |
40% down | $1,607.84/mo |
45% down | $1,473.86/mo |
50% down | $1,339.87/mo |
$725,000 Home at 4%
0% down | $3,461.26/mo |
5% down | $3,288.20/mo |
10% down | $3,115.13/mo |
15% down | $2,942.07/mo |
20% down | $2,769.01/mo |
25% down | $2,595.95/mo |
30% down | $2,422.88/mo |
35% down | $2,249.82/mo |
40% down | $2,076.76/mo |
45% down | $1,903.69/mo |
50% down | $1,730.63/mo |
$725,000 Home at 6%
0% down | $4,346.74/mo |
5% down | $4,129.40/mo |
10% down | $3,912.07/mo |
15% down | $3,694.73/mo |
20% down | $3,477.39/mo |
25% down | $3,260.06/mo |
30% down | $3,042.72/mo |
35% down | $2,825.38/mo |
40% down | $2,608.04/mo |
45% down | $2,390.71/mo |
50% down | $2,173.37/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.