$702,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $702k 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 702,000 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 $702,000 house.
2% interest
0% down$2,594.73/mo
5% down$2,464.99/mo
10% down$2,335.26/mo
15% down$2,205.52/mo
20% down$2,075.78/mo
25% down$1,946.05/mo
30% down$1,816.31/mo
35% down$1,686.57/mo
40% down$1,556.84/mo
45% down$1,427.10/mo
50% down$1,297.36/mo
4% interest
0% down$3,351.46/mo
5% down$3,183.88/mo
10% down$3,016.31/mo
15% down$2,848.74/mo
20% down$2,681.16/mo
25% down$2,513.59/mo
30% down$2,346.02/mo
35% down$2,178.45/mo
40% down$2,010.87/mo
45% down$1,843.30/mo
50% down$1,675.73/mo
6% interest
0% down$4,208.84/mo
5% down$3,998.40/mo
10% down$3,787.96/mo
15% down$3,577.52/mo
20% down$3,367.08/mo
25% down$3,156.63/mo
30% down$2,946.19/mo
35% down$2,735.75/mo
40% down$2,525.31/mo
45% down$2,314.86/mo
50% down$2,104.42/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 702,000 house with a 20% down payment?
($561,600 loan. 30 year mortgage)
0.25%$1,619.39
0.50%$1,680.25
0.75%$1,742.56
1.00%$1,806.33
1.25%$1,871.54
1.50%$1,938.20
1.75%$2,006.28
2.00%$2,075.78
2.25%$2,146.69
2.50%$2,219.00
2.75%$2,292.68
3.00%$2,367.73
3.25%$2,444.12
3.50%$2,521.83
3.75%$2,600.86
4.00%$2,681.16
4.25%$2,762.73
4.50%$2,845.54
4.75%$2,929.57
5.00%$3,014.79
5.25%$3,101.18
5.50%$3,188.70
5.75%$3,277.35
6.00%$3,367.08
6.25%$3,457.87
6.50%$3,549.69
6.75%$3,642.53
7.00%$3,736.34
7.25%$3,831.10
7.50%$3,926.79
7.75%$4,023.37
8.00%$4,120.82
8.25%$4,219.11
8.50%$4,318.22
8.75%$4,418.11
9.00%$4,518.76
9.25%$4,620.15
9.50%$4,722.24
9.75%$4,825.01
10.00%$4,928.44
10.25%$5,032.50
10.50%$5,137.18
10.75%$5,242.43
11.00%$5,348.25
11.25%$5,454.60
11.50%$5,561.48
11.75%$5,668.85
12.00%$5,776.69