Use the mortgage calculator to calculate the cost of buying a $707k 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 707,000 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 $707,000 house.
$707,000 Home at 2%
| 0% down | $2,613.21/mo |
| 5% down | $2,482.55/mo |
| 10% down | $2,351.89/mo |
| 15% down | $2,221.23/mo |
| 20% down | $2,090.57/mo |
| 25% down | $1,959.91/mo |
| 30% down | $1,829.25/mo |
| 35% down | $1,698.59/mo |
| 40% down | $1,567.93/mo |
| 45% down | $1,437.27/mo |
| 50% down | $1,306.60/mo |
$707,000 Home at 4%
| 0% down | $3,375.33/mo |
| 5% down | $3,206.56/mo |
| 10% down | $3,037.79/mo |
| 15% down | $2,869.03/mo |
| 20% down | $2,700.26/mo |
| 25% down | $2,531.49/mo |
| 30% down | $2,362.73/mo |
| 35% down | $2,193.96/mo |
| 40% down | $2,025.20/mo |
| 45% down | $1,856.43/mo |
| 50% down | $1,687.66/mo |
$707,000 Home at 6%
| 0% down | $4,238.82/mo |
| 5% down | $4,026.88/mo |
| 10% down | $3,814.94/mo |
| 15% down | $3,603.00/mo |
| 20% down | $3,391.06/mo |
| 25% down | $3,179.12/mo |
| 30% down | $2,967.18/mo |
| 35% down | $2,755.23/mo |
| 40% down | $2,543.29/mo |
| 45% down | $2,331.35/mo |
| 50% down | $2,119.41/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.