$656,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $656k 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 656,000 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 $656,000 house.
2% interest
0% down$2,424.70/mo
5% down$2,303.47/mo
10% down$2,182.23/mo
15% down$2,061.00/mo
20% down$1,939.76/mo
25% down$1,818.53/mo
30% down$1,697.29/mo
35% down$1,576.06/mo
40% down$1,454.82/mo
45% down$1,333.59/mo
50% down$1,212.35/mo
4% interest
0% down$3,131.84/mo
5% down$2,975.25/mo
10% down$2,818.66/mo
15% down$2,662.07/mo
20% down$2,505.48/mo
25% down$2,348.88/mo
30% down$2,192.29/mo
35% down$2,035.70/mo
40% down$1,879.11/mo
45% down$1,722.51/mo
50% down$1,565.92/mo
6% interest
0% down$3,933.05/mo
5% down$3,736.40/mo
10% down$3,539.75/mo
15% down$3,343.09/mo
20% down$3,146.44/mo
25% down$2,949.79/mo
30% down$2,753.14/mo
35% down$2,556.48/mo
40% down$2,359.83/mo
45% down$2,163.18/mo
50% down$1,966.53/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 656,000 house with a 20% down payment?
($524,800 loan. 30 year mortgage)
0.25%$1,513.28
0.50%$1,570.15
0.75%$1,628.38
1.00%$1,687.96
1.25%$1,748.90
1.50%$1,811.19
1.75%$1,874.81
2.00%$1,939.76
2.25%$2,006.03
2.50%$2,073.59
2.75%$2,142.45
3.00%$2,212.58
3.25%$2,283.96
3.50%$2,356.59
3.75%$2,430.43
4.00%$2,505.48
4.25%$2,581.70
4.50%$2,659.08
4.75%$2,737.61
5.00%$2,817.24
5.25%$2,897.97
5.50%$2,979.76
5.75%$3,062.59
6.00%$3,146.44
6.25%$3,231.28
6.50%$3,317.09
6.75%$3,403.84
7.00%$3,491.51
7.25%$3,580.06
7.50%$3,669.48
7.75%$3,759.73
8.00%$3,850.80
8.25%$3,942.65
8.50%$4,035.26
8.75%$4,128.60
9.00%$4,222.66
9.25%$4,317.40
9.50%$4,412.80
9.75%$4,508.84
10.00%$4,605.50
10.25%$4,702.74
10.50%$4,800.55
10.75%$4,898.91
11.00%$4,997.79
11.25%$5,097.18
11.50%$5,197.05
11.75%$5,297.38
12.00%$5,398.16