Use the mortgage calculator to calculate the cost of buying a $740k 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 740,000 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 $740,000 house.
$740,000 Home at 2%
| 0% down | $2,735.18/mo |
| 5% down | $2,598.42/mo |
| 10% down | $2,461.67/mo |
| 15% down | $2,324.91/mo |
| 20% down | $2,188.15/mo |
| 25% down | $2,051.39/mo |
| 30% down | $1,914.63/mo |
| 35% down | $1,777.87/mo |
| 40% down | $1,641.11/mo |
| 45% down | $1,504.35/mo |
| 50% down | $1,367.59/mo |
$740,000 Home at 4%
| 0% down | $3,532.87/mo |
| 5% down | $3,356.23/mo |
| 10% down | $3,179.59/mo |
| 15% down | $3,002.94/mo |
| 20% down | $2,826.30/mo |
| 25% down | $2,649.65/mo |
| 30% down | $2,473.01/mo |
| 35% down | $2,296.37/mo |
| 40% down | $2,119.72/mo |
| 45% down | $1,943.08/mo |
| 50% down | $1,766.44/mo |
$740,000 Home at 6%
| 0% down | $4,436.67/mo |
| 5% down | $4,214.84/mo |
| 10% down | $3,993.01/mo |
| 15% down | $3,771.17/mo |
| 20% down | $3,549.34/mo |
| 25% down | $3,327.51/mo |
| 30% down | $3,105.67/mo |
| 35% down | $2,883.84/mo |
| 40% down | $2,662.00/mo |
| 45% down | $2,440.17/mo |
| 50% down | $2,218.34/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.