Use the mortgage calculator to calculate the cost of buying a $674k 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 674,000 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 $674,000 house.
2% interest
| 0% down | $2,491.24/mo |
| 5% down | $2,366.67/mo |
| 10% down | $2,242.11/mo |
| 15% down | $2,117.55/mo |
| 20% down | $1,992.99/mo |
| 25% down | $1,868.43/mo |
| 30% down | $1,743.86/mo |
| 35% down | $1,619.30/mo |
| 40% down | $1,494.74/mo |
| 45% down | $1,370.18/mo |
| 50% down | $1,245.62/mo |
4% interest
| 0% down | $3,217.78/mo |
| 5% down | $3,056.89/mo |
| 10% down | $2,896.00/mo |
| 15% down | $2,735.11/mo |
| 20% down | $2,574.22/mo |
| 25% down | $2,413.33/mo |
| 30% down | $2,252.45/mo |
| 35% down | $2,091.56/mo |
| 40% down | $1,930.67/mo |
| 45% down | $1,769.78/mo |
| 50% down | $1,608.89/mo |
6% interest
| 0% down | $4,040.97/mo |
| 5% down | $3,838.92/mo |
| 10% down | $3,636.87/mo |
| 15% down | $3,434.82/mo |
| 20% down | $3,232.78/mo |
| 25% down | $3,030.73/mo |
| 30% down | $2,828.68/mo |
| 35% down | $2,626.63/mo |
| 40% down | $2,424.58/mo |
| 45% down | $2,222.53/mo |
| 50% down | $2,020.49/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.