Use the mortgage calculator to calculate the cost of buying a $755k 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 755,000 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 $755,000 house.
2% interest
| 0% down | $2,790.63/mo |
| 5% down | $2,651.10/mo |
| 10% down | $2,511.56/mo |
| 15% down | $2,372.03/mo |
| 20% down | $2,232.50/mo |
| 25% down | $2,092.97/mo |
| 30% down | $1,953.44/mo |
| 35% down | $1,813.91/mo |
| 40% down | $1,674.38/mo |
| 45% down | $1,534.84/mo |
| 50% down | $1,395.31/mo |
4% interest
| 0% down | $3,604.49/mo |
| 5% down | $3,424.26/mo |
| 10% down | $3,244.04/mo |
| 15% down | $3,063.81/mo |
| 20% down | $2,883.59/mo |
| 25% down | $2,703.36/mo |
| 30% down | $2,523.14/mo |
| 35% down | $2,342.92/mo |
| 40% down | $2,162.69/mo |
| 45% down | $1,982.47/mo |
| 50% down | $1,802.24/mo |
6% interest
| 0% down | $4,526.61/mo |
| 5% down | $4,300.28/mo |
| 10% down | $4,073.95/mo |
| 15% down | $3,847.62/mo |
| 20% down | $3,621.29/mo |
| 25% down | $3,394.95/mo |
| 30% down | $3,168.62/mo |
| 35% down | $2,942.29/mo |
| 40% down | $2,715.96/mo |
| 45% down | $2,489.63/mo |
| 50% down | $2,263.30/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.