$697,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $697k 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 697,000 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 $697,000 house.
2% interest
0% down$2,576.25/mo
5% down$2,447.44/mo
10% down$2,318.62/mo
15% down$2,189.81/mo
20% down$2,061.00/mo
25% down$1,932.19/mo
30% down$1,803.37/mo
35% down$1,674.56/mo
40% down$1,545.75/mo
45% down$1,416.94/mo
50% down$1,288.12/mo
4% interest
0% down$3,327.58/mo
5% down$3,161.21/mo
10% down$2,994.83/mo
15% down$2,828.45/mo
20% down$2,662.07/mo
25% down$2,495.69/mo
30% down$2,329.31/mo
35% down$2,162.93/mo
40% down$1,996.55/mo
45% down$1,830.17/mo
50% down$1,663.79/mo
6% interest
0% down$4,178.87/mo
5% down$3,969.92/mo
10% down$3,760.98/mo
15% down$3,552.04/mo
20% down$3,343.09/mo
25% down$3,134.15/mo
30% down$2,925.21/mo
35% down$2,716.26/mo
40% down$2,507.32/mo
45% down$2,298.38/mo
50% down$2,089.43/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 697,000 house with a 20% down payment?
($557,600 loan. 30 year mortgage)
0.25%$1,607.86
0.50%$1,668.28
0.75%$1,730.15
1.00%$1,793.46
1.25%$1,858.21
1.50%$1,924.39
1.75%$1,991.99
2.00%$2,061.00
2.25%$2,131.40
2.50%$2,203.19
2.75%$2,276.35
3.00%$2,350.86
3.25%$2,426.71
3.50%$2,503.87
3.75%$2,582.33
4.00%$2,662.07
4.25%$2,743.06
4.50%$2,825.28
4.75%$2,908.71
5.00%$2,993.32
5.25%$3,079.09
5.50%$3,165.99
5.75%$3,254.00
6.00%$3,343.09
6.25%$3,433.24
6.50%$3,524.41
6.75%$3,616.58
7.00%$3,709.73
7.25%$3,803.81
7.50%$3,898.82
7.75%$3,994.71
8.00%$4,091.47
8.25%$4,189.06
8.50%$4,287.46
8.75%$4,386.64
9.00%$4,486.58
9.25%$4,587.24
9.50%$4,688.60
9.75%$4,790.65
10.00%$4,893.34
10.25%$4,996.66
10.50%$5,100.59
10.75%$5,205.09
11.00%$5,310.16
11.25%$5,415.75
11.50%$5,521.87
11.75%$5,628.47
12.00%$5,735.54