$682,500 House at 4.00%

What's the monthly mortgage payment on a $682.5k house? Loan price for a $682,500 house with a 4.00% interest rate.
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Monthly payment = $2,607
Total yearly payments = $31,280
Payments by Interest Rate
Interest Rate Payment
3.500% $2,452
3.625% $2,490
3.750% $2,529
3.875% $2,567
4.000% $2,607
4.125% $2,646
4.250% $2,686
4.375% $2,726
4.500% $2,767
Payments by Amount Down
% Down Amount Payment
3.5% $23,888 $3,144
5.0% $34,125 $3,095
7.5% $51,188 $3,014
10% $68,250 $2,933
15% $102,375 $2,770
20% $136,500 $2,607
25% $170,625 $2,444
30% $204,750 $2,281
50% $341,250 $1,629
Payments by Loan Length
Length Payment
10 years $5,528
15 years $4,039
20 years $3,309
30 years $2,607
40 years $2,282
Interest only $1,820

Mortgage Tips

  • Credit score matters. Get a free copy of your credit report to make sure there are no errors which might negatively affect your credit score.
  • Shop around. Make sure to get multiple mortgage quotes. Over 30 years, a difference of 0.25% in APR might end up being over $10,000 in extra payments!
  • Bigger down payments are better. You can often qualify for a mortgage with as little as 3.5% down. But, unless your down payment is at least 20%, you will likely have to pay Private Mortgage Insurance (PMI). This can add significant cost to the price of the mortgage.

Can I afford a $682,500 house?

Traditionally, the "28% rule" means a person should not spend more than 28% of their pre-tax income on total housing costs.

Let's assume that taxes and insurance are 2% of the house price annually. Here's how much you'd have to make to afford a house that costs $682,500 with a 4.00% loan:

% Down Down Payment Income Required
3.5% $23,888 $183,506
5.0% $34,125 $181,412
7.5% $51,188 $177,921
10% $68,250 $174,430
15% $102,375 $167,447
20% $136,500 $160,465
25% $170,625 $153,483
30% $204,750 $146,501
50% $341,250 $118,572
Average House Prices by State
What is the average price for a house or condo in each state of the U.S.?
Source: Zillow, March 2020
State Rank Price
Alabama 46 $143,100
Alaska 13 $300,100
Arizona 18 $277,600
Arkansas 48 $130,900
California 2 $578,300
Colorado 5 $408,800
Connecticut 21 $259,900
Delaware 22 $257,500
Florida 24 $252,300
Georgia 31 $206,800
Hawaii 1 $642,500
Idaho 15 $298,300
Illinois 32 $204,800
Indiana 41 $158,700
Iowa 42 $154,700
Kansas 43 $153,900
Kentucky 45 $150,000
State Rank Price
Louisiana 39 $170,400
Maine 25 $249,600
Maryland 10 $313,000
Massachusetts 3 $433,900
Michigan 38 $177,000
Minnesota 19 $263,700
Mississippi 49 $127,500
Missouri 40 $165,700
Montana 17 $288,900
Nebraska 37 $178,900
Nevada 11 $309,700
New Hampshire 14 $299,300
New Jersey 8 $342,500
New Mexico 28 $210,100
New York 9 $328,700
North Carolina 30 $208,000
North Dakota 26 $237,500
State Rank Price
Ohio 44 $153,600
Oklahoma 47 $132,500
Oregon 6 $372,900
Pennsylvania 34 $198,400
Rhode Island 12 $308,700
South Carolina 36 $190,600
South Dakota 29 $209,700
Tennessee 35 $192,600
Texas 27 $211,200
Utah 7 $355,500
Vermont 20 $261,300
Virginia 16 $291,000
Washington 4 $428,900
West Virginia 50 $107,100
Wisconsin 33 $202,700
Wyoming 23 $256,100