Use the mortgage calculator to calculate the cost of buying a $717k 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 717,000 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 $717,000 house.
$717,000 Home at 2%
| 0% down | $2,650.17/mo |
| 5% down | $2,517.66/mo |
| 10% down | $2,385.15/mo |
| 15% down | $2,252.65/mo |
| 20% down | $2,120.14/mo |
| 25% down | $1,987.63/mo |
| 30% down | $1,855.12/mo |
| 35% down | $1,722.61/mo |
| 40% down | $1,590.10/mo |
| 45% down | $1,457.59/mo |
| 50% down | $1,325.09/mo |
$717,000 Home at 4%
| 0% down | $3,423.07/mo |
| 5% down | $3,251.91/mo |
| 10% down | $3,080.76/mo |
| 15% down | $2,909.61/mo |
| 20% down | $2,738.45/mo |
| 25% down | $2,567.30/mo |
| 30% down | $2,396.15/mo |
| 35% down | $2,224.99/mo |
| 40% down | $2,053.84/mo |
| 45% down | $1,882.69/mo |
| 50% down | $1,711.53/mo |
$717,000 Home at 6%
| 0% down | $4,298.78/mo |
| 5% down | $4,083.84/mo |
| 10% down | $3,868.90/mo |
| 15% down | $3,653.96/mo |
| 20% down | $3,439.02/mo |
| 25% down | $3,224.08/mo |
| 30% down | $3,009.14/mo |
| 35% down | $2,794.21/mo |
| 40% down | $2,579.27/mo |
| 45% down | $2,364.33/mo |
| 50% down | $2,149.39/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.