$708,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $708k 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 708,000 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 $708,000 house.
2% interest
0% down$2,616.91/mo
5% down$2,486.06/mo
10% down$2,355.22/mo
15% down$2,224.37/mo
20% down$2,093.52/mo
25% down$1,962.68/mo
30% down$1,831.83/mo
35% down$1,700.99/mo
40% down$1,570.14/mo
45% down$1,439.30/mo
50% down$1,308.45/mo
4% interest
0% down$3,380.10/mo
5% down$3,211.10/mo
10% down$3,042.09/mo
15% down$2,873.09/mo
20% down$2,704.08/mo
25% down$2,535.08/mo
30% down$2,366.07/mo
35% down$2,197.07/mo
40% down$2,028.06/mo
45% down$1,859.06/mo
50% down$1,690.05/mo
6% interest
0% down$4,244.82/mo
5% down$4,032.58/mo
10% down$3,820.34/mo
15% down$3,608.10/mo
20% down$3,395.85/mo
25% down$3,183.61/mo
30% down$2,971.37/mo
35% down$2,759.13/mo
40% down$2,546.89/mo
45% down$2,334.65/mo
50% down$2,122.41/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 708,000 house with a 20% down payment?
($566,400 loan. 30 year mortgage)
0.25%$1,633.23
0.50%$1,694.61
0.75%$1,757.45
1.00%$1,821.77
1.25%$1,887.54
1.50%$1,954.76
1.75%$2,023.43
2.00%$2,093.52
2.25%$2,165.04
2.50%$2,237.96
2.75%$2,312.28
3.00%$2,387.97
3.25%$2,465.01
3.50%$2,543.39
3.75%$2,623.09
4.00%$2,704.08
4.25%$2,786.35
4.50%$2,869.87
4.75%$2,954.61
5.00%$3,040.56
5.25%$3,127.68
5.50%$3,215.96
5.75%$3,305.36
6.00%$3,395.85
6.25%$3,487.42
6.50%$3,580.03
6.75%$3,673.66
7.00%$3,768.27
7.25%$3,863.85
7.50%$3,960.35
7.75%$4,057.76
8.00%$4,156.04
8.25%$4,255.17
8.50%$4,355.13
8.75%$4,455.87
9.00%$4,557.38
9.25%$4,659.63
9.50%$4,762.60
9.75%$4,866.25
10.00%$4,970.57
10.25%$5,075.52
10.50%$5,181.08
10.75%$5,287.24
11.00%$5,393.96
11.25%$5,501.22
11.50%$5,609.01
11.75%$5,717.30
12.00%$5,826.06