Use the mortgage calculator to calculate the cost of buying a $748k 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 748,000 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 $748,000 house.
$748,000 Home at 2%
| 0% down | $2,764.75/mo |
| 5% down | $2,626.52/mo |
| 10% down | $2,488.28/mo |
| 15% down | $2,350.04/mo |
| 20% down | $2,211.80/mo |
| 25% down | $2,073.57/mo |
| 30% down | $1,935.33/mo |
| 35% down | $1,797.09/mo |
| 40% down | $1,658.85/mo |
| 45% down | $1,520.61/mo |
| 50% down | $1,382.38/mo |
$748,000 Home at 4%
| 0% down | $3,571.07/mo |
| 5% down | $3,392.51/mo |
| 10% down | $3,213.96/mo |
| 15% down | $3,035.41/mo |
| 20% down | $2,856.85/mo |
| 25% down | $2,678.30/mo |
| 30% down | $2,499.75/mo |
| 35% down | $2,321.19/mo |
| 40% down | $2,142.64/mo |
| 45% down | $1,964.09/mo |
| 50% down | $1,785.53/mo |
$748,000 Home at 6%
| 0% down | $4,484.64/mo |
| 5% down | $4,260.41/mo |
| 10% down | $4,036.17/mo |
| 15% down | $3,811.94/mo |
| 20% down | $3,587.71/mo |
| 25% down | $3,363.48/mo |
| 30% down | $3,139.25/mo |
| 35% down | $2,915.01/mo |
| 40% down | $2,690.78/mo |
| 45% down | $2,466.55/mo |
| 50% down | $2,242.32/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.