$721,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $721k 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 721,000 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 $721,000 house.
2% interest
0% down$2,664.96/mo
5% down$2,531.71/mo
10% down$2,398.46/mo
15% down$2,265.21/mo
20% down$2,131.97/mo
25% down$1,998.72/mo
30% down$1,865.47/mo
35% down$1,732.22/mo
40% down$1,598.97/mo
45% down$1,465.73/mo
50% down$1,332.48/mo
4% interest
0% down$3,442.16/mo
5% down$3,270.06/mo
10% down$3,097.95/mo
15% down$2,925.84/mo
20% down$2,753.73/mo
25% down$2,581.62/mo
30% down$2,409.51/mo
35% down$2,237.41/mo
40% down$2,065.30/mo
45% down$1,893.19/mo
50% down$1,721.08/mo
6% interest
0% down$4,322.76/mo
5% down$4,106.62/mo
10% down$3,890.48/mo
15% down$3,674.35/mo
20% down$3,458.21/mo
25% down$3,242.07/mo
30% down$3,025.93/mo
35% down$2,809.79/mo
40% down$2,593.66/mo
45% down$2,377.52/mo
50% down$2,161.38/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 721,000 house with a 20% down payment?
($576,800 loan. 30 year mortgage)
0.25%$1,663.22
0.50%$1,725.73
0.75%$1,789.72
1.00%$1,855.22
1.25%$1,922.20
1.50%$1,990.65
1.75%$2,060.58
2.00%$2,131.97
2.25%$2,204.80
2.50%$2,279.06
2.75%$2,354.74
3.00%$2,431.81
3.25%$2,510.27
3.50%$2,590.09
3.75%$2,671.25
4.00%$2,753.73
4.25%$2,837.51
4.50%$2,922.56
4.75%$3,008.86
5.00%$3,096.39
5.25%$3,185.11
5.50%$3,275.01
5.75%$3,366.05
6.00%$3,458.21
6.25%$3,551.46
6.50%$3,645.77
6.75%$3,741.11
7.00%$3,837.46
7.25%$3,934.79
7.50%$4,033.07
7.75%$4,132.27
8.00%$4,232.35
8.25%$4,333.31
8.50%$4,435.09
8.75%$4,537.69
9.00%$4,641.06
9.25%$4,745.19
9.50%$4,850.05
9.75%$4,955.60
10.00%$5,061.83
10.25%$5,168.71
10.50%$5,276.22
10.75%$5,384.32
11.00%$5,493.00
11.25%$5,602.24
11.50%$5,712.00
11.75%$5,822.28
12.00%$5,933.04