Use the mortgage calculator to calculate the cost of buying a $657k 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 657,000 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 $657,000 house.
2% interest
| 0% down | $2,428.40/mo |
| 5% down | $2,306.98/mo |
| 10% down | $2,185.56/mo |
| 15% down | $2,064.14/mo |
| 20% down | $1,942.72/mo |
| 25% down | $1,821.30/mo |
| 30% down | $1,699.88/mo |
| 35% down | $1,578.46/mo |
| 40% down | $1,457.04/mo |
| 45% down | $1,335.62/mo |
| 50% down | $1,214.20/mo |
4% interest
| 0% down | $3,136.62/mo |
| 5% down | $2,979.79/mo |
| 10% down | $2,822.96/mo |
| 15% down | $2,666.13/mo |
| 20% down | $2,509.29/mo |
| 25% down | $2,352.46/mo |
| 30% down | $2,195.63/mo |
| 35% down | $2,038.80/mo |
| 40% down | $1,881.97/mo |
| 45% down | $1,725.14/mo |
| 50% down | $1,568.31/mo |
6% interest
| 0% down | $3,939.05/mo |
| 5% down | $3,742.09/mo |
| 10% down | $3,545.14/mo |
| 15% down | $3,348.19/mo |
| 20% down | $3,151.24/mo |
| 25% down | $2,954.29/mo |
| 30% down | $2,757.33/mo |
| 35% down | $2,560.38/mo |
| 40% down | $2,363.43/mo |
| 45% down | $2,166.48/mo |
| 50% down | $1,969.52/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.