$704,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $704k 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 704,000 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 $704,000 house.
2% interest
0% down$2,602.12/mo
5% down$2,472.02/mo
10% down$2,341.91/mo
15% down$2,211.80/mo
20% down$2,081.70/mo
25% down$1,951.59/mo
30% down$1,821.48/mo
35% down$1,691.38/mo
40% down$1,561.27/mo
45% down$1,431.17/mo
50% down$1,301.06/mo
4% interest
0% down$3,361.00/mo
5% down$3,192.95/mo
10% down$3,024.90/mo
15% down$2,856.85/mo
20% down$2,688.80/mo
25% down$2,520.75/mo
30% down$2,352.70/mo
35% down$2,184.65/mo
40% down$2,016.60/mo
45% down$1,848.55/mo
50% down$1,680.50/mo
6% interest
0% down$4,220.84/mo
5% down$4,009.79/mo
10% down$3,798.75/mo
15% down$3,587.71/mo
20% down$3,376.67/mo
25% down$3,165.63/mo
30% down$2,954.58/mo
35% down$2,743.54/mo
40% down$2,532.50/mo
45% down$2,321.46/mo
50% down$2,110.42/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 704,000 house with a 20% down payment?
($563,200 loan. 30 year mortgage)
0.25%$1,624.01
0.50%$1,685.04
0.75%$1,747.53
1.00%$1,811.47
1.25%$1,876.87
1.50%$1,943.72
1.75%$2,012.00
2.00%$2,081.70
2.25%$2,152.81
2.50%$2,225.32
2.75%$2,299.21
3.00%$2,374.47
3.25%$2,451.08
3.50%$2,529.02
3.75%$2,608.27
4.00%$2,688.80
4.25%$2,770.61
4.50%$2,853.65
4.75%$2,937.92
5.00%$3,023.38
5.25%$3,110.01
5.50%$3,197.79
5.75%$3,286.68
6.00%$3,376.67
6.25%$3,467.72
6.50%$3,559.81
6.75%$3,652.90
7.00%$3,746.98
7.25%$3,842.02
7.50%$3,937.98
7.75%$4,034.83
8.00%$4,132.56
8.25%$4,231.13
8.50%$4,330.52
8.75%$4,430.70
9.00%$4,531.63
9.25%$4,633.31
9.50%$4,735.69
9.75%$4,838.76
10.00%$4,942.48
10.25%$5,046.84
10.50%$5,151.81
10.75%$5,257.37
11.00%$5,363.49
11.25%$5,470.14
11.50%$5,577.32
11.75%$5,685.00
12.00%$5,793.15