Use the mortgage calculator to calculate the cost of buying a $685k 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 685,000 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 $685,000 house.
$685,000 Home at 2%
| 0% down | $2,531.89/mo |
| 5% down | $2,405.30/mo |
| 10% down | $2,278.70/mo |
| 15% down | $2,152.11/mo |
| 20% down | $2,025.51/mo |
| 25% down | $1,898.92/mo |
| 30% down | $1,772.33/mo |
| 35% down | $1,645.73/mo |
| 40% down | $1,519.14/mo |
| 45% down | $1,392.54/mo |
| 50% down | $1,265.95/mo |
$685,000 Home at 4%
| 0% down | $3,270.29/mo |
| 5% down | $3,106.78/mo |
| 10% down | $2,943.27/mo |
| 15% down | $2,779.75/mo |
| 20% down | $2,616.24/mo |
| 25% down | $2,452.72/mo |
| 30% down | $2,289.21/mo |
| 35% down | $2,125.69/mo |
| 40% down | $1,962.18/mo |
| 45% down | $1,798.66/mo |
| 50% down | $1,635.15/mo |
$685,000 Home at 6%
| 0% down | $4,106.92/mo |
| 5% down | $3,901.58/mo |
| 10% down | $3,696.23/mo |
| 15% down | $3,490.88/mo |
| 20% down | $3,285.54/mo |
| 25% down | $3,080.19/mo |
| 30% down | $2,874.84/mo |
| 35% down | $2,669.50/mo |
| 40% down | $2,464.15/mo |
| 45% down | $2,258.81/mo |
| 50% down | $2,053.46/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.