$687,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $687k 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 687,000 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 $687,000 house.
2% interest
0% down$2,539.29/mo
5% down$2,412.32/mo
10% down$2,285.36/mo
15% down$2,158.39/mo
20% down$2,031.43/mo
25% down$1,904.46/mo
30% down$1,777.50/mo
35% down$1,650.54/mo
40% down$1,523.57/mo
45% down$1,396.61/mo
50% down$1,269.64/mo
4% interest
0% down$3,279.84/mo
5% down$3,115.85/mo
10% down$2,951.86/mo
15% down$2,787.87/mo
20% down$2,623.87/mo
25% down$2,459.88/mo
30% down$2,295.89/mo
35% down$2,131.90/mo
40% down$1,967.91/mo
45% down$1,803.91/mo
50% down$1,639.92/mo
6% interest
0% down$4,118.91/mo
5% down$3,912.97/mo
10% down$3,707.02/mo
15% down$3,501.08/mo
20% down$3,295.13/mo
25% down$3,089.18/mo
30% down$2,883.24/mo
35% down$2,677.29/mo
40% down$2,471.35/mo
45% down$2,265.40/mo
50% down$2,059.46/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 687,000 house with a 20% down payment?
($549,600 loan. 30 year mortgage)
0.25%$1,584.79
0.50%$1,644.35
0.75%$1,705.33
1.00%$1,767.73
1.25%$1,831.55
1.50%$1,896.78
1.75%$1,963.41
2.00%$2,031.43
2.25%$2,100.82
2.50%$2,171.58
2.75%$2,243.69
3.00%$2,317.14
3.25%$2,391.89
3.50%$2,467.95
3.75%$2,545.28
4.00%$2,623.87
4.25%$2,703.70
4.50%$2,784.74
4.75%$2,866.97
5.00%$2,950.37
5.25%$3,034.91
5.50%$3,120.57
5.75%$3,207.32
6.00%$3,295.13
6.25%$3,383.98
6.50%$3,473.85
6.75%$3,564.70
7.00%$3,656.50
7.25%$3,749.24
7.50%$3,842.88
7.75%$3,937.40
8.00%$4,032.77
8.25%$4,128.96
8.50%$4,225.95
8.75%$4,323.71
9.00%$4,422.21
9.25%$4,521.42
9.50%$4,621.33
9.75%$4,721.91
10.00%$4,823.13
10.25%$4,924.97
10.50%$5,027.41
10.75%$5,130.41
11.00%$5,233.97
11.25%$5,338.05
11.50%$5,442.64
11.75%$5,547.72
12.00%$5,653.25