$700,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $700k 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 700,000 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 $700,000 house.
2% interest
0% down$2,587.34/mo
5% down$2,457.97/mo
10% down$2,328.60/mo
15% down$2,199.24/mo
20% down$2,069.87/mo
25% down$1,940.50/mo
30% down$1,811.14/mo
35% down$1,681.77/mo
40% down$1,552.40/mo
45% down$1,423.03/mo
50% down$1,293.67/mo
4% interest
0% down$3,341.91/mo
5% down$3,174.81/mo
10% down$3,007.72/mo
15% down$2,840.62/mo
20% down$2,673.53/mo
25% down$2,506.43/mo
30% down$2,339.33/mo
35% down$2,172.24/mo
40% down$2,005.14/mo
45% down$1,838.05/mo
50% down$1,670.95/mo
6% interest
0% down$4,196.85/mo
5% down$3,987.01/mo
10% down$3,777.17/mo
15% down$3,567.33/mo
20% down$3,357.48/mo
25% down$3,147.64/mo
30% down$2,937.80/mo
35% down$2,727.95/mo
40% down$2,518.11/mo
45% down$2,308.27/mo
50% down$2,098.43/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 700,000 house with a 20% down payment?
($560,000 loan. 30 year mortgage)
0.25%$1,614.78
0.50%$1,675.46
0.75%$1,737.60
1.00%$1,801.18
1.25%$1,866.21
1.50%$1,932.67
1.75%$2,000.56
2.00%$2,069.87
2.25%$2,140.58
2.50%$2,212.68
2.75%$2,286.15
3.00%$2,360.98
3.25%$2,437.16
3.50%$2,514.65
3.75%$2,593.45
4.00%$2,673.53
4.25%$2,754.86
4.50%$2,837.44
4.75%$2,921.23
5.00%$3,006.20
5.25%$3,092.34
5.50%$3,179.62
5.75%$3,268.01
6.00%$3,357.48
6.25%$3,448.02
6.50%$3,539.58
6.75%$3,632.15
7.00%$3,725.69
7.25%$3,820.19
7.50%$3,915.60
7.75%$4,011.91
8.00%$4,109.08
8.25%$4,207.09
8.50%$4,305.92
8.75%$4,405.52
9.00%$4,505.89
9.25%$4,606.98
9.50%$4,708.78
9.75%$4,811.26
10.00%$4,914.40
10.25%$5,018.17
10.50%$5,122.54
10.75%$5,227.50
11.00%$5,333.01
11.25%$5,439.06
11.50%$5,545.63
11.75%$5,652.69
12.00%$5,760.23