Use the mortgage calculator to calculate the cost of buying a $760k 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 760,000 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 $760,000 house.
2% interest
| 0% down | $2,809.11/mo |
| 5% down | $2,668.65/mo |
| 10% down | $2,528.20/mo |
| 15% down | $2,387.74/mo |
| 20% down | $2,247.29/mo |
| 25% down | $2,106.83/mo |
| 30% down | $1,966.38/mo |
| 35% down | $1,825.92/mo |
| 40% down | $1,685.46/mo |
| 45% down | $1,545.01/mo |
| 50% down | $1,404.55/mo |
4% interest
| 0% down | $3,628.36/mo |
| 5% down | $3,446.94/mo |
| 10% down | $3,265.52/mo |
| 15% down | $3,084.10/mo |
| 20% down | $2,902.68/mo |
| 25% down | $2,721.27/mo |
| 30% down | $2,539.85/mo |
| 35% down | $2,358.43/mo |
| 40% down | $2,177.01/mo |
| 45% down | $1,995.60/mo |
| 50% down | $1,814.18/mo |
6% interest
| 0% down | $4,556.58/mo |
| 5% down | $4,328.75/mo |
| 10% down | $4,100.93/mo |
| 15% down | $3,873.10/mo |
| 20% down | $3,645.27/mo |
| 25% down | $3,417.44/mo |
| 30% down | $3,189.61/mo |
| 35% down | $2,961.78/mo |
| 40% down | $2,733.95/mo |
| 45% down | $2,506.12/mo |
| 50% down | $2,278.29/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.