Use the mortgage calculator to calculate the cost of buying a $713k 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 713,000 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 $713,000 house.
$713,000 Home at 2%
| 0% down | $2,635.39/mo |
| 5% down | $2,503.62/mo |
| 10% down | $2,371.85/mo |
| 15% down | $2,240.08/mo |
| 20% down | $2,108.31/mo |
| 25% down | $1,976.54/mo |
| 30% down | $1,844.77/mo |
| 35% down | $1,713.00/mo |
| 40% down | $1,581.23/mo |
| 45% down | $1,449.46/mo |
| 50% down | $1,317.69/mo |
$713,000 Home at 4%
| 0% down | $3,403.97/mo |
| 5% down | $3,233.77/mo |
| 10% down | $3,063.57/mo |
| 15% down | $2,893.38/mo |
| 20% down | $2,723.18/mo |
| 25% down | $2,552.98/mo |
| 30% down | $2,382.78/mo |
| 35% down | $2,212.58/mo |
| 40% down | $2,042.38/mo |
| 45% down | $1,872.18/mo |
| 50% down | $1,701.99/mo |
$713,000 Home at 6%
| 0% down | $4,274.80/mo |
| 5% down | $4,061.06/mo |
| 10% down | $3,847.32/mo |
| 15% down | $3,633.58/mo |
| 20% down | $3,419.84/mo |
| 25% down | $3,206.10/mo |
| 30% down | $2,992.36/mo |
| 35% down | $2,778.62/mo |
| 40% down | $2,564.88/mo |
| 45% down | $2,351.14/mo |
| 50% down | $2,137.40/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.