Use the mortgage calculator to calculate the cost of buying a $743k 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 743,000 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 $743,000 house.
$743,000 Home at 2%
| 0% down | $2,746.27/mo |
| 5% down | $2,608.96/mo |
| 10% down | $2,471.65/mo |
| 15% down | $2,334.33/mo |
| 20% down | $2,197.02/mo |
| 25% down | $2,059.70/mo |
| 30% down | $1,922.39/mo |
| 35% down | $1,785.08/mo |
| 40% down | $1,647.76/mo |
| 45% down | $1,510.45/mo |
| 50% down | $1,373.14/mo |
$743,000 Home at 4%
| 0% down | $3,547.20/mo |
| 5% down | $3,369.84/mo |
| 10% down | $3,192.48/mo |
| 15% down | $3,015.12/mo |
| 20% down | $2,837.76/mo |
| 25% down | $2,660.40/mo |
| 30% down | $2,483.04/mo |
| 35% down | $2,305.68/mo |
| 40% down | $2,128.32/mo |
| 45% down | $1,950.96/mo |
| 50% down | $1,773.60/mo |
$743,000 Home at 6%
| 0% down | $4,454.66/mo |
| 5% down | $4,231.93/mo |
| 10% down | $4,009.19/mo |
| 15% down | $3,786.46/mo |
| 20% down | $3,563.73/mo |
| 25% down | $3,341.00/mo |
| 30% down | $3,118.26/mo |
| 35% down | $2,895.53/mo |
| 40% down | $2,672.80/mo |
| 45% down | $2,450.06/mo |
| 50% down | $2,227.33/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.