Use the mortgage calculator to calculate the cost of buying a $665k 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 665,000 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 $665,000 house.
2% interest
| 0% down | $2,457.97/mo |
| 5% down | $2,335.07/mo |
| 10% down | $2,212.17/mo |
| 15% down | $2,089.27/mo |
| 20% down | $1,966.38/mo |
| 25% down | $1,843.48/mo |
| 30% down | $1,720.58/mo |
| 35% down | $1,597.68/mo |
| 40% down | $1,474.78/mo |
| 45% down | $1,351.88/mo |
| 50% down | $1,228.98/mo |
4% interest
| 0% down | $3,174.81/mo |
| 5% down | $3,016.07/mo |
| 10% down | $2,857.33/mo |
| 15% down | $2,698.59/mo |
| 20% down | $2,539.85/mo |
| 25% down | $2,381.11/mo |
| 30% down | $2,222.37/mo |
| 35% down | $2,063.63/mo |
| 40% down | $1,904.89/mo |
| 45% down | $1,746.15/mo |
| 50% down | $1,587.41/mo |
6% interest
| 0% down | $3,987.01/mo |
| 5% down | $3,787.66/mo |
| 10% down | $3,588.31/mo |
| 15% down | $3,388.96/mo |
| 20% down | $3,189.61/mo |
| 25% down | $2,990.26/mo |
| 30% down | $2,790.91/mo |
| 35% down | $2,591.56/mo |
| 40% down | $2,392.21/mo |
| 45% down | $2,192.86/mo |
| 50% down | $1,993.51/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.