Use the mortgage calculator to calculate the cost of buying a $638k 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 638,000 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 $638,000 house.
$638,000 Home at 2%
| 0% down | $2,358.17/mo |
| 5% down | $2,240.26/mo |
| 10% down | $2,122.36/mo |
| 15% down | $2,004.45/mo |
| 20% down | $1,886.54/mo |
| 25% down | $1,768.63/mo |
| 30% down | $1,650.72/mo |
| 35% down | $1,532.81/mo |
| 40% down | $1,414.90/mo |
| 45% down | $1,296.99/mo |
| 50% down | $1,179.09/mo |
$638,000 Home at 4%
| 0% down | $3,045.91/mo |
| 5% down | $2,893.61/mo |
| 10% down | $2,741.32/mo |
| 15% down | $2,589.02/mo |
| 20% down | $2,436.73/mo |
| 25% down | $2,284.43/mo |
| 30% down | $2,132.14/mo |
| 35% down | $1,979.84/mo |
| 40% down | $1,827.55/mo |
| 45% down | $1,675.25/mo |
| 50% down | $1,522.95/mo |
$638,000 Home at 6%
| 0% down | $3,825.13/mo |
| 5% down | $3,633.88/mo |
| 10% down | $3,442.62/mo |
| 15% down | $3,251.36/mo |
| 20% down | $3,060.11/mo |
| 25% down | $2,868.85/mo |
| 30% down | $2,677.59/mo |
| 35% down | $2,486.34/mo |
| 40% down | $2,295.08/mo |
| 45% down | $2,103.82/mo |
| 50% down | $1,912.57/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.