Use the mortgage calculator to calculate the cost of buying a $730k 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 730,000 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 $730,000 house.
2% interest
| 0% down | $2,698.22/mo |
| 5% down | $2,563.31/mo |
| 10% down | $2,428.40/mo |
| 15% down | $2,293.49/mo |
| 20% down | $2,158.58/mo |
| 25% down | $2,023.67/mo |
| 30% down | $1,888.76/mo |
| 35% down | $1,753.84/mo |
| 40% down | $1,618.93/mo |
| 45% down | $1,484.02/mo |
| 50% down | $1,349.11/mo |
4% interest
| 0% down | $3,485.13/mo |
| 5% down | $3,310.88/mo |
| 10% down | $3,136.62/mo |
| 15% down | $2,962.36/mo |
| 20% down | $2,788.11/mo |
| 25% down | $2,613.85/mo |
| 30% down | $2,439.59/mo |
| 35% down | $2,265.34/mo |
| 40% down | $2,091.08/mo |
| 45% down | $1,916.82/mo |
| 50% down | $1,742.57/mo |
6% interest
| 0% down | $4,376.72/mo |
| 5% down | $4,157.88/mo |
| 10% down | $3,939.05/mo |
| 15% down | $3,720.21/mo |
| 20% down | $3,501.38/mo |
| 25% down | $3,282.54/mo |
| 30% down | $3,063.70/mo |
| 35% down | $2,844.87/mo |
| 40% down | $2,626.03/mo |
| 45% down | $2,407.20/mo |
| 50% down | $2,188.36/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.