$742,000 Mortgage Loan Payments and Costs

$
$
%
years
%

Loan Summary


Use the mortgage calculator to calculate the cost of buying a $742k 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 742,000 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 $742,000 house.
2% interest
0% down$2,742.58/mo
5% down$2,605.45/mo
10% down$2,468.32/mo
15% down$2,331.19/mo
20% down$2,194.06/mo
25% down$2,056.93/mo
30% down$1,919.80/mo
35% down$1,782.67/mo
40% down$1,645.55/mo
45% down$1,508.42/mo
50% down$1,371.29/mo
4% interest
0% down$3,542.42/mo
5% down$3,365.30/mo
10% down$3,188.18/mo
15% down$3,011.06/mo
20% down$2,833.94/mo
25% down$2,656.82/mo
30% down$2,479.70/mo
35% down$2,302.57/mo
40% down$2,125.45/mo
45% down$1,948.33/mo
50% down$1,771.21/mo
6% interest
0% down$4,448.66/mo
5% down$4,226.23/mo
10% down$4,003.80/mo
15% down$3,781.37/mo
20% down$3,558.93/mo
25% down$3,336.50/mo
30% down$3,114.07/mo
35% down$2,891.63/mo
40% down$2,669.20/mo
45% down$2,446.77/mo
50% down$2,224.33/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 742,000 house with a 20% down payment?
($593,600 loan. 30 year mortgage)
0.25%$1,711.67
0.50%$1,775.99
0.75%$1,841.85
1.00%$1,909.25
1.25%$1,978.18
1.50%$2,048.63
1.75%$2,120.60
2.00%$2,194.06
2.25%$2,269.01
2.50%$2,345.44
2.75%$2,423.32
3.00%$2,502.64
3.25%$2,583.38
3.50%$2,665.53
3.75%$2,749.05
4.00%$2,833.94
4.25%$2,920.16
4.50%$3,007.68
4.75%$3,096.50
5.00%$3,186.57
5.25%$3,277.88
5.50%$3,370.40
5.75%$3,464.09
6.00%$3,558.93
6.25%$3,654.90
6.50%$3,751.96
6.75%$3,850.08
7.00%$3,949.24
7.25%$4,049.40
7.50%$4,150.54
7.75%$4,252.62
8.00%$4,355.63
8.25%$4,459.52
8.50%$4,564.27
8.75%$4,669.85
9.00%$4,776.24
9.25%$4,883.40
9.50%$4,991.31
9.75%$5,099.94
10.00%$5,209.26
10.25%$5,319.26
10.50%$5,429.89
10.75%$5,541.15
11.00%$5,652.99
11.25%$5,765.41
11.50%$5,878.37
11.75%$5,991.86
12.00%$6,105.84