$740,000 Mortgage Loan Payments and Costs

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Loan Summary


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.
2% interest
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
4% interest
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
6% interest
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.
What's the payment on a 740,000 house with a 20% down payment?
($592,000 loan. 30 year mortgage)
0.25%$1,707.05
0.50%$1,771.20
0.75%$1,836.89
1.00%$1,904.11
1.25%$1,972.85
1.50%$2,043.11
1.75%$2,114.88
2.00%$2,188.15
2.25%$2,262.90
2.50%$2,339.12
2.75%$2,416.79
3.00%$2,495.90
3.25%$2,576.42
3.50%$2,658.34
3.75%$2,741.64
4.00%$2,826.30
4.25%$2,912.28
4.50%$2,999.58
4.75%$3,088.15
5.00%$3,177.98
5.25%$3,269.05
5.50%$3,361.31
5.75%$3,454.75
6.00%$3,549.34
6.25%$3,645.05
6.50%$3,741.84
6.75%$3,839.70
7.00%$3,938.59
7.25%$4,038.48
7.50%$4,139.35
7.75%$4,241.16
8.00%$4,343.89
8.25%$4,447.50
8.50%$4,551.97
8.75%$4,657.27
9.00%$4,763.37
9.25%$4,870.24
9.50%$4,977.86
9.75%$5,086.19
10.00%$5,195.22
10.25%$5,304.92
10.50%$5,415.26
10.75%$5,526.21
11.00%$5,637.75
11.25%$5,749.87
11.50%$5,862.53
11.75%$5,975.71
12.00%$6,089.39