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.
$655,000 Home at 2%
| 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 |
$655,000 Home at 4%
| 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 |
$655,000 Home at 6%
| 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.