Use the mortgage calculator to calculate the cost of buying a $678k 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 678,000 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 $678,000 house.
2% interest
0% down | $2,506.02/mo |
5% down | $2,380.72/mo |
10% down | $2,255.42/mo |
15% down | $2,130.12/mo |
20% down | $2,004.82/mo |
25% down | $1,879.52/mo |
30% down | $1,754.21/mo |
35% down | $1,628.91/mo |
40% down | $1,503.61/mo |
45% down | $1,378.31/mo |
50% down | $1,253.01/mo |
4% interest
0% down | $3,236.88/mo |
5% down | $3,075.03/mo |
10% down | $2,913.19/mo |
15% down | $2,751.34/mo |
20% down | $2,589.50/mo |
25% down | $2,427.66/mo |
30% down | $2,265.81/mo |
35% down | $2,103.97/mo |
40% down | $1,942.13/mo |
45% down | $1,780.28/mo |
50% down | $1,618.44/mo |
6% interest
0% down | $4,064.95/mo |
5% down | $3,861.70/mo |
10% down | $3,658.46/mo |
15% down | $3,455.21/mo |
20% down | $3,251.96/mo |
25% down | $3,048.71/mo |
30% down | $2,845.47/mo |
35% down | $2,642.22/mo |
40% down | $2,438.97/mo |
45% down | $2,235.72/mo |
50% down | $2,032.48/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.