$655,000 Mortgage Loan Payments and Costs

$
$
%
years
%

Loan Summary


Use the mortgage calculator to calculate the cost of buying a $655k 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 655,000 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 $655,000 house.
2% interest
0% down$2,421.01/mo
5% down$2,299.96/mo
10% down$2,178.91/mo
15% down$2,057.86/mo
20% down$1,936.81/mo
25% down$1,815.76/mo
30% down$1,694.71/mo
35% down$1,573.65/mo
40% down$1,452.60/mo
45% down$1,331.55/mo
50% down$1,210.50/mo
4% interest
0% down$3,127.07/mo
5% down$2,970.72/mo
10% down$2,814.36/mo
15% down$2,658.01/mo
20% down$2,501.66/mo
25% down$2,345.30/mo
30% down$2,188.95/mo
35% down$2,032.60/mo
40% down$1,876.24/mo
45% down$1,719.89/mo
50% down$1,563.54/mo
6% interest
0% down$3,927.06/mo
5% down$3,730.70/mo
10% down$3,534.35/mo
15% down$3,338.00/mo
20% down$3,141.64/mo
25% down$2,945.29/mo
30% down$2,748.94/mo
35% down$2,552.59/mo
40% down$2,356.23/mo
45% down$2,159.88/mo
50% down$1,963.53/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 655,000 house with a 20% down payment?
($524,000 loan. 30 year mortgage)
0.25%$1,510.97
0.50%$1,567.75
0.75%$1,625.89
1.00%$1,685.39
1.25%$1,746.24
1.50%$1,808.43
1.75%$1,871.96
2.00%$1,936.81
2.25%$2,002.97
2.50%$2,070.43
2.75%$2,139.18
3.00%$2,209.21
3.25%$2,280.48
3.50%$2,352.99
3.75%$2,426.73
4.00%$2,501.66
4.25%$2,577.77
4.50%$2,655.03
4.75%$2,733.43
5.00%$2,812.95
5.25%$2,893.55
5.50%$2,975.21
5.75%$3,057.92
6.00%$3,141.64
6.25%$3,226.36
6.50%$3,312.04
6.75%$3,398.65
7.00%$3,486.19
7.25%$3,574.60
7.50%$3,663.88
7.75%$3,754.00
8.00%$3,844.93
8.25%$3,936.64
8.50%$4,029.11
8.75%$4,122.31
9.00%$4,216.22
9.25%$4,310.82
9.50%$4,406.08
9.75%$4,501.97
10.00%$4,598.48
10.25%$4,695.57
10.50%$4,793.23
10.75%$4,891.44
11.00%$4,990.17
11.25%$5,089.41
11.50%$5,189.13
11.75%$5,289.31
12.00%$5,389.93