Use the mortgage calculator to calculate the cost of buying a $712k 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 712,000 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 $712,000 house.
$712,000 Home at 2%
| 0% down | $2,631.69/mo |
| 5% down | $2,500.11/mo |
| 10% down | $2,368.52/mo |
| 15% down | $2,236.94/mo |
| 20% down | $2,105.35/mo |
| 25% down | $1,973.77/mo |
| 30% down | $1,842.18/mo |
| 35% down | $1,710.60/mo |
| 40% down | $1,579.01/mo |
| 45% down | $1,447.43/mo |
| 50% down | $1,315.85/mo |
$712,000 Home at 4%
| 0% down | $3,399.20/mo |
| 5% down | $3,229.24/mo |
| 10% down | $3,059.28/mo |
| 15% down | $2,889.32/mo |
| 20% down | $2,719.36/mo |
| 25% down | $2,549.40/mo |
| 30% down | $2,379.44/mo |
| 35% down | $2,209.48/mo |
| 40% down | $2,039.52/mo |
| 45% down | $1,869.56/mo |
| 50% down | $1,699.60/mo |
$712,000 Home at 6%
| 0% down | $4,268.80/mo |
| 5% down | $4,055.36/mo |
| 10% down | $3,841.92/mo |
| 15% down | $3,628.48/mo |
| 20% down | $3,415.04/mo |
| 25% down | $3,201.60/mo |
| 30% down | $2,988.16/mo |
| 35% down | $2,774.72/mo |
| 40% down | $2,561.28/mo |
| 45% down | $2,347.84/mo |
| 50% down | $2,134.40/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.