$696,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $696k 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 696,000 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 $696,000 house.
2% interest
0% down$2,572.55/mo
5% down$2,443.92/mo
10% down$2,315.30/mo
15% down$2,186.67/mo
20% down$2,058.04/mo
25% down$1,929.41/mo
30% down$1,800.79/mo
35% down$1,672.16/mo
40% down$1,543.53/mo
45% down$1,414.90/mo
50% down$1,286.28/mo
4% interest
0% down$3,322.81/mo
5% down$3,156.67/mo
10% down$2,990.53/mo
15% down$2,824.39/mo
20% down$2,658.25/mo
25% down$2,492.11/mo
30% down$2,325.97/mo
35% down$2,159.83/mo
40% down$1,993.69/mo
45% down$1,827.55/mo
50% down$1,661.41/mo
6% interest
0% down$4,172.87/mo
5% down$3,964.23/mo
10% down$3,755.58/mo
15% down$3,546.94/mo
20% down$3,338.30/mo
25% down$3,129.65/mo
30% down$2,921.01/mo
35% down$2,712.37/mo
40% down$2,503.72/mo
45% down$2,295.08/mo
50% down$2,086.44/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 696,000 house with a 20% down payment?
($556,800 loan. 30 year mortgage)
0.25%$1,605.55
0.50%$1,665.89
0.75%$1,727.67
1.00%$1,790.89
1.25%$1,855.55
1.50%$1,921.63
1.75%$1,989.13
2.00%$2,058.04
2.25%$2,128.35
2.50%$2,200.03
2.75%$2,273.09
3.00%$2,347.49
3.25%$2,423.23
3.50%$2,500.28
3.75%$2,578.63
4.00%$2,658.25
4.25%$2,739.12
4.50%$2,821.22
4.75%$2,904.53
5.00%$2,989.02
5.25%$3,074.67
5.50%$3,161.45
5.75%$3,249.33
6.00%$3,338.30
6.25%$3,428.31
6.50%$3,519.35
6.75%$3,611.39
7.00%$3,704.40
7.25%$3,798.36
7.50%$3,893.23
7.75%$3,988.98
8.00%$4,085.60
8.25%$4,183.05
8.50%$4,281.31
8.75%$4,380.35
9.00%$4,480.14
9.25%$4,580.66
9.50%$4,681.88
9.75%$4,783.77
10.00%$4,886.32
10.25%$4,989.49
10.50%$5,093.27
10.75%$5,197.62
11.00%$5,302.54
11.25%$5,407.98
11.50%$5,513.94
11.75%$5,620.39
12.00%$5,727.31