Use the mortgage calculator to calculate the cost of buying a $747k 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 747,000 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 $747,000 house.
2% interest
| 0% down | $2,761.06/mo |
| 5% down | $2,623.00/mo |
| 10% down | $2,484.95/mo |
| 15% down | $2,346.90/mo |
| 20% down | $2,208.85/mo |
| 25% down | $2,070.79/mo |
| 30% down | $1,932.74/mo |
| 35% down | $1,794.69/mo |
| 40% down | $1,656.63/mo |
| 45% down | $1,518.58/mo |
| 50% down | $1,380.53/mo |
4% interest
| 0% down | $3,566.29/mo |
| 5% down | $3,387.98/mo |
| 10% down | $3,209.66/mo |
| 15% down | $3,031.35/mo |
| 20% down | $2,853.03/mo |
| 25% down | $2,674.72/mo |
| 30% down | $2,496.40/mo |
| 35% down | $2,318.09/mo |
| 40% down | $2,139.78/mo |
| 45% down | $1,961.46/mo |
| 50% down | $1,783.15/mo |
6% interest
| 0% down | $4,478.64/mo |
| 5% down | $4,254.71/mo |
| 10% down | $4,030.78/mo |
| 15% down | $3,806.85/mo |
| 20% down | $3,582.91/mo |
| 25% down | $3,358.98/mo |
| 30% down | $3,135.05/mo |
| 35% down | $2,911.12/mo |
| 40% down | $2,687.19/mo |
| 45% down | $2,463.25/mo |
| 50% down | $2,239.32/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.