Use the mortgage calculator to calculate the cost of buying a $699k 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 699,000 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 $699,000 house.
$699,000 Home at 2%
| 0% down | $2,583.64/mo |
| 5% down | $2,454.46/mo |
| 10% down | $2,325.28/mo |
| 15% down | $2,196.09/mo |
| 20% down | $2,066.91/mo |
| 25% down | $1,937.73/mo |
| 30% down | $1,808.55/mo |
| 35% down | $1,679.37/mo |
| 40% down | $1,550.18/mo |
| 45% down | $1,421.00/mo |
| 50% down | $1,291.82/mo |
$699,000 Home at 4%
| 0% down | $3,337.13/mo |
| 5% down | $3,170.28/mo |
| 10% down | $3,003.42/mo |
| 15% down | $2,836.56/mo |
| 20% down | $2,669.71/mo |
| 25% down | $2,502.85/mo |
| 30% down | $2,335.99/mo |
| 35% down | $2,169.14/mo |
| 40% down | $2,002.28/mo |
| 45% down | $1,835.42/mo |
| 50% down | $1,668.57/mo |
$699,000 Home at 6%
| 0% down | $4,190.86/mo |
| 5% down | $3,981.32/mo |
| 10% down | $3,771.77/mo |
| 15% down | $3,562.23/mo |
| 20% down | $3,352.69/mo |
| 25% down | $3,143.14/mo |
| 30% down | $2,933.60/mo |
| 35% down | $2,724.06/mo |
| 40% down | $2,514.51/mo |
| 45% down | $2,304.97/mo |
| 50% down | $2,095.43/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.