$688,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $688k 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 688,000 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 $688,000 house.
2% interest
0% down$2,542.98/mo
5% down$2,415.83/mo
10% down$2,288.68/mo
15% down$2,161.53/mo
20% down$2,034.39/mo
25% down$1,907.24/mo
30% down$1,780.09/mo
35% down$1,652.94/mo
40% down$1,525.79/mo
45% down$1,398.64/mo
50% down$1,271.49/mo
4% interest
0% down$3,284.62/mo
5% down$3,120.39/mo
10% down$2,956.16/mo
15% down$2,791.92/mo
20% down$2,627.69/mo
25% down$2,463.46/mo
30% down$2,299.23/mo
35% down$2,135.00/mo
40% down$1,970.77/mo
45% down$1,806.54/mo
50% down$1,642.31/mo
6% interest
0% down$4,124.91/mo
5% down$3,918.66/mo
10% down$3,712.42/mo
15% down$3,506.17/mo
20% down$3,299.93/mo
25% down$3,093.68/mo
30% down$2,887.44/mo
35% down$2,681.19/mo
40% down$2,474.94/mo
45% down$2,268.70/mo
50% down$2,062.45/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 688,000 house with a 20% down payment?
($550,400 loan. 30 year mortgage)
0.25%$1,587.10
0.50%$1,646.74
0.75%$1,707.81
1.00%$1,770.30
1.25%$1,834.22
1.50%$1,899.54
1.75%$1,966.27
2.00%$2,034.39
2.25%$2,103.88
2.50%$2,174.75
2.75%$2,246.96
3.00%$2,320.51
3.25%$2,395.38
3.50%$2,471.54
3.75%$2,548.99
4.00%$2,627.69
4.25%$2,707.64
4.50%$2,788.80
4.75%$2,871.15
5.00%$2,954.67
5.25%$3,039.33
5.50%$3,125.11
5.75%$3,211.99
6.00%$3,299.93
6.25%$3,388.91
6.50%$3,478.90
6.75%$3,569.88
7.00%$3,661.82
7.25%$3,754.70
7.50%$3,848.48
7.75%$3,943.13
8.00%$4,038.64
8.25%$4,134.97
8.50%$4,232.10
8.75%$4,330.00
9.00%$4,428.64
9.25%$4,528.01
9.50%$4,628.06
9.75%$4,728.79
10.00%$4,830.15
10.25%$4,932.14
10.50%$5,034.73
10.75%$5,137.88
11.00%$5,241.59
11.25%$5,345.82
11.50%$5,450.56
11.75%$5,555.79
12.00%$5,661.48