Use the mortgage calculator to calculate the cost of buying a $673k 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 673,000 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 $673,000 house.
2% interest
| 0% down | $2,487.54/mo |
| 5% down | $2,363.16/mo |
| 10% down | $2,238.79/mo |
| 15% down | $2,114.41/mo |
| 20% down | $1,990.03/mo |
| 25% down | $1,865.65/mo |
| 30% down | $1,741.28/mo |
| 35% down | $1,616.90/mo |
| 40% down | $1,492.52/mo |
| 45% down | $1,368.15/mo |
| 50% down | $1,243.77/mo |
4% interest
| 0% down | $3,213.00/mo |
| 5% down | $3,052.35/mo |
| 10% down | $2,891.70/mo |
| 15% down | $2,731.05/mo |
| 20% down | $2,570.40/mo |
| 25% down | $2,409.75/mo |
| 30% down | $2,249.10/mo |
| 35% down | $2,088.45/mo |
| 40% down | $1,927.80/mo |
| 45% down | $1,767.15/mo |
| 50% down | $1,606.50/mo |
6% interest
| 0% down | $4,034.98/mo |
| 5% down | $3,833.23/mo |
| 10% down | $3,631.48/mo |
| 15% down | $3,429.73/mo |
| 20% down | $3,227.98/mo |
| 25% down | $3,026.23/mo |
| 30% down | $2,824.48/mo |
| 35% down | $2,622.73/mo |
| 40% down | $2,420.99/mo |
| 45% down | $2,219.24/mo |
| 50% down | $2,017.49/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.