Use the mortgage calculator to calculate the cost of buying a $741k 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 741,000 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 $741,000 house.
$741,000 Home at 2%
| 0% down | $2,738.88/mo |
| 5% down | $2,601.94/mo |
| 10% down | $2,464.99/mo |
| 15% down | $2,328.05/mo |
| 20% down | $2,191.10/mo |
| 25% down | $2,054.16/mo |
| 30% down | $1,917.22/mo |
| 35% down | $1,780.27/mo |
| 40% down | $1,643.33/mo |
| 45% down | $1,506.38/mo |
| 50% down | $1,369.44/mo |
$741,000 Home at 4%
| 0% down | $3,537.65/mo |
| 5% down | $3,360.76/mo |
| 10% down | $3,183.88/mo |
| 15% down | $3,007.00/mo |
| 20% down | $2,830.12/mo |
| 25% down | $2,653.24/mo |
| 30% down | $2,476.35/mo |
| 35% down | $2,299.47/mo |
| 40% down | $2,122.59/mo |
| 45% down | $1,945.71/mo |
| 50% down | $1,768.82/mo |
$741,000 Home at 6%
| 0% down | $4,442.67/mo |
| 5% down | $4,220.54/mo |
| 10% down | $3,998.40/mo |
| 15% down | $3,776.27/mo |
| 20% down | $3,554.14/mo |
| 25% down | $3,332.00/mo |
| 30% down | $3,109.87/mo |
| 35% down | $2,887.74/mo |
| 40% down | $2,665.60/mo |
| 45% down | $2,443.47/mo |
| 50% down | $2,221.33/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.