Use the mortgage calculator to calculate the cost of buying a $726k 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 726,000 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 $726,000 house.
2% interest
| 0% down | $2,683.44/mo |
| 5% down | $2,549.27/mo |
| 10% down | $2,415.09/mo |
| 15% down | $2,280.92/mo |
| 20% down | $2,146.75/mo |
| 25% down | $2,012.58/mo |
| 30% down | $1,878.41/mo |
| 35% down | $1,744.23/mo |
| 40% down | $1,610.06/mo |
| 45% down | $1,475.89/mo |
| 50% down | $1,341.72/mo |
4% interest
| 0% down | $3,466.04/mo |
| 5% down | $3,292.73/mo |
| 10% down | $3,119.43/mo |
| 15% down | $2,946.13/mo |
| 20% down | $2,772.83/mo |
| 25% down | $2,599.53/mo |
| 30% down | $2,426.22/mo |
| 35% down | $2,252.92/mo |
| 40% down | $2,079.62/mo |
| 45% down | $1,906.32/mo |
| 50% down | $1,733.02/mo |
6% interest
| 0% down | $4,352.74/mo |
| 5% down | $4,135.10/mo |
| 10% down | $3,917.46/mo |
| 15% down | $3,699.83/mo |
| 20% down | $3,482.19/mo |
| 25% down | $3,264.55/mo |
| 30% down | $3,046.92/mo |
| 35% down | $2,829.28/mo |
| 40% down | $2,611.64/mo |
| 45% down | $2,394.01/mo |
| 50% down | $2,176.37/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.