Use the mortgage calculator to calculate the cost of buying a $731k 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 731,000 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 $731,000 house.
$731,000 Home at 2%
| 0% down | $2,701.92/mo |
| 5% down | $2,566.82/mo |
| 10% down | $2,431.73/mo |
| 15% down | $2,296.63/mo |
| 20% down | $2,161.53/mo |
| 25% down | $2,026.44/mo |
| 30% down | $1,891.34/mo |
| 35% down | $1,756.25/mo |
| 40% down | $1,621.15/mo |
| 45% down | $1,486.06/mo |
| 50% down | $1,350.96/mo |
$731,000 Home at 4%
| 0% down | $3,489.91/mo |
| 5% down | $3,315.41/mo |
| 10% down | $3,140.92/mo |
| 15% down | $2,966.42/mo |
| 20% down | $2,791.92/mo |
| 25% down | $2,617.43/mo |
| 30% down | $2,442.93/mo |
| 35% down | $2,268.44/mo |
| 40% down | $2,093.94/mo |
| 45% down | $1,919.45/mo |
| 50% down | $1,744.95/mo |
$731,000 Home at 6%
| 0% down | $4,382.71/mo |
| 5% down | $4,163.58/mo |
| 10% down | $3,944.44/mo |
| 15% down | $3,725.31/mo |
| 20% down | $3,506.17/mo |
| 25% down | $3,287.04/mo |
| 30% down | $3,067.90/mo |
| 35% down | $2,848.76/mo |
| 40% down | $2,629.63/mo |
| 45% down | $2,410.49/mo |
| 50% down | $2,191.36/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.