Use the mortgage calculator to calculate the cost of buying a $698k 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 698,000 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 $698,000 house.
$698,000 Home at 2%
| 0% down | $2,579.94/mo |
| 5% down | $2,450.95/mo |
| 10% down | $2,321.95/mo |
| 15% down | $2,192.95/mo |
| 20% down | $2,063.96/mo |
| 25% down | $1,934.96/mo |
| 30% down | $1,805.96/mo |
| 35% down | $1,676.96/mo |
| 40% down | $1,547.97/mo |
| 45% down | $1,418.97/mo |
| 50% down | $1,289.97/mo |
$698,000 Home at 4%
| 0% down | $3,332.36/mo |
| 5% down | $3,165.74/mo |
| 10% down | $2,999.12/mo |
| 15% down | $2,832.50/mo |
| 20% down | $2,665.89/mo |
| 25% down | $2,499.27/mo |
| 30% down | $2,332.65/mo |
| 35% down | $2,166.03/mo |
| 40% down | $1,999.42/mo |
| 45% down | $1,832.80/mo |
| 50% down | $1,666.18/mo |
$698,000 Home at 6%
| 0% down | $4,184.86/mo |
| 5% down | $3,975.62/mo |
| 10% down | $3,766.38/mo |
| 15% down | $3,557.13/mo |
| 20% down | $3,347.89/mo |
| 25% down | $3,138.65/mo |
| 30% down | $2,929.40/mo |
| 35% down | $2,720.16/mo |
| 40% down | $2,510.92/mo |
| 45% down | $2,301.67/mo |
| 50% down | $2,092.43/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.