$720,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $720k 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 720,000 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 $720,000 house.
2% interest
0% down$2,661.26/mo
5% down$2,528.20/mo
10% down$2,395.13/mo
15% down$2,262.07/mo
20% down$2,129.01/mo
25% down$1,995.95/mo
30% down$1,862.88/mo
35% down$1,729.82/mo
40% down$1,596.76/mo
45% down$1,463.69/mo
50% down$1,330.63/mo
4% interest
0% down$3,437.39/mo
5% down$3,265.52/mo
10% down$3,093.65/mo
15% down$2,921.78/mo
20% down$2,749.91/mo
25% down$2,578.04/mo
30% down$2,406.17/mo
35% down$2,234.30/mo
40% down$2,062.43/mo
45% down$1,890.56/mo
50% down$1,718.70/mo
6% interest
0% down$4,316.76/mo
5% down$4,100.93/mo
10% down$3,885.09/mo
15% down$3,669.25/mo
20% down$3,453.41/mo
25% down$3,237.57/mo
30% down$3,021.73/mo
35% down$2,805.90/mo
40% down$2,590.06/mo
45% down$2,374.22/mo
50% down$2,158.38/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 720,000 house with a 20% down payment?
($576,000 loan. 30 year mortgage)
0.25%$1,660.92
0.50%$1,723.33
0.75%$1,787.24
1.00%$1,852.64
1.25%$1,919.53
1.50%$1,987.89
1.75%$2,057.72
2.00%$2,129.01
2.25%$2,201.74
2.50%$2,275.90
2.75%$2,351.47
3.00%$2,428.44
3.25%$2,506.79
3.50%$2,586.50
3.75%$2,667.55
4.00%$2,749.91
4.25%$2,833.57
4.50%$2,918.51
4.75%$3,004.69
5.00%$3,092.09
5.25%$3,180.69
5.50%$3,270.46
5.75%$3,361.38
6.00%$3,453.41
6.25%$3,546.53
6.50%$3,640.71
6.75%$3,735.93
7.00%$3,832.14
7.25%$3,929.34
7.50%$4,027.48
7.75%$4,126.53
8.00%$4,226.48
8.25%$4,327.30
8.50%$4,428.94
8.75%$4,531.39
9.00%$4,634.63
9.25%$4,738.61
9.50%$4,843.32
9.75%$4,948.73
10.00%$5,054.81
10.25%$5,161.54
10.50%$5,268.90
10.75%$5,376.85
11.00%$5,485.38
11.25%$5,594.47
11.50%$5,704.08
11.75%$5,814.20
12.00%$5,924.81