$701,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $701k 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 701,000 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 $701,000 house.
2% interest
0% down$2,591.03/mo
5% down$2,461.48/mo
10% down$2,331.93/mo
15% down$2,202.38/mo
20% down$2,072.83/mo
25% down$1,943.27/mo
30% down$1,813.72/mo
35% down$1,684.17/mo
40% down$1,554.62/mo
45% down$1,425.07/mo
50% down$1,295.52/mo
4% interest
0% down$3,346.68/mo
5% down$3,179.35/mo
10% down$3,012.01/mo
15% down$2,844.68/mo
20% down$2,677.34/mo
25% down$2,510.01/mo
30% down$2,342.68/mo
35% down$2,175.34/mo
40% down$2,008.01/mo
45% down$1,840.67/mo
50% down$1,673.34/mo
6% interest
0% down$4,202.85/mo
5% down$3,992.71/mo
10% down$3,782.56/mo
15% down$3,572.42/mo
20% down$3,362.28/mo
25% down$3,152.14/mo
30% down$2,941.99/mo
35% down$2,731.85/mo
40% down$2,521.71/mo
45% down$2,311.57/mo
50% down$2,101.42/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 701,000 house with a 20% down payment?
($560,800 loan. 30 year mortgage)
0.25%$1,617.09
0.50%$1,677.85
0.75%$1,740.08
1.00%$1,803.75
1.25%$1,868.88
1.50%$1,935.43
1.75%$2,003.42
2.00%$2,072.83
2.25%$2,143.64
2.50%$2,215.84
2.75%$2,289.42
3.00%$2,364.36
3.25%$2,440.64
3.50%$2,518.24
3.75%$2,597.15
4.00%$2,677.34
4.25%$2,758.80
4.50%$2,841.49
4.75%$2,925.40
5.00%$3,010.50
5.25%$3,096.76
5.50%$3,184.16
5.75%$3,272.68
6.00%$3,362.28
6.25%$3,452.94
6.50%$3,544.64
6.75%$3,637.34
7.00%$3,731.02
7.25%$3,825.64
7.50%$3,921.19
7.75%$4,017.64
8.00%$4,114.95
8.25%$4,213.10
8.50%$4,312.07
8.75%$4,411.82
9.00%$4,512.32
9.25%$4,613.56
9.50%$4,715.51
9.75%$4,818.14
10.00%$4,921.42
10.25%$5,025.34
10.50%$5,129.86
10.75%$5,234.96
11.00%$5,340.63
11.25%$5,446.83
11.50%$5,553.55
11.75%$5,660.77
12.00%$5,768.46