Use the mortgage calculator to calculate the cost of buying a $675k 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 675,000 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 $675,000 house.
$675,000 Home at 2%
| 0% down | $2,494.93/mo |
| 5% down | $2,370.18/mo |
| 10% down | $2,245.44/mo |
| 15% down | $2,120.69/mo |
| 20% down | $1,995.95/mo |
| 25% down | $1,871.20/mo |
| 30% down | $1,746.45/mo |
| 35% down | $1,621.71/mo |
| 40% down | $1,496.96/mo |
| 45% down | $1,372.21/mo |
| 50% down | $1,247.47/mo |
$675,000 Home at 4%
| 0% down | $3,222.55/mo |
| 5% down | $3,061.43/mo |
| 10% down | $2,900.30/mo |
| 15% down | $2,739.17/mo |
| 20% down | $2,578.04/mo |
| 25% down | $2,416.91/mo |
| 30% down | $2,255.79/mo |
| 35% down | $2,094.66/mo |
| 40% down | $1,933.53/mo |
| 45% down | $1,772.40/mo |
| 50% down | $1,611.28/mo |
$675,000 Home at 6%
| 0% down | $4,046.97/mo |
| 5% down | $3,844.62/mo |
| 10% down | $3,642.27/mo |
| 15% down | $3,439.92/mo |
| 20% down | $3,237.57/mo |
| 25% down | $3,035.22/mo |
| 30% down | $2,832.88/mo |
| 35% down | $2,630.53/mo |
| 40% down | $2,428.18/mo |
| 45% down | $2,225.83/mo |
| 50% down | $2,023.48/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.