Mortgage Payment on a $666,000 House
What's the payment on a $666,000 house? Calculate the monthly mortgage on a house, condo, or apartment which costs $666k.
After a 20% down payment, your loan amount will be $532,800. With a 30-year loan loan at 6.75% interest:
Monthly payment = $3,456
Total yearly payments = $41,469
Payments by Interest Rate
| Interest Rate |
Payment |
| 5.000% |
$2,860 |
| 5.500% |
$3,025 |
| 6.000% |
$3,194 |
| 6.250% |
$3,281 |
| 6.500% |
$3,368 |
| 6.750% |
$3,456 |
| 6.875% |
$3,500 |
| 7.000% |
$3,545 |
| 7.250% |
$3,635 |
| 7.500% |
$3,725 |
| 7.625% |
$3,771 |
| 7.750% |
$3,817 |
| 8.000% |
$3,909 |
Payments by Amount Down
| % Down |
Amount |
Payment |
| 3.5% |
$23,310 |
$4,168 |
| 5.0% |
$33,300 |
$4,104 |
| 7.5% |
$49,950 |
$3,996 |
| 10% |
$66,600 |
$3,888 |
| 15% |
$99,900 |
$3,672 |
| 20% |
$133,200 |
$3,456 |
| 25% |
$166,500 |
$3,240 |
| 30% |
$199,800 |
$3,024 |
| 50% |
$333,000 |
$2,160 |
Payments by Loan Length
| Length |
Payment |
| 10 years |
$6,118 |
| 15 years |
$4,715 |
| 20 years |
$4,051 |
| 30 years |
$3,456 |
| 40 years |
$3,215 |
| Interest only |
$2,997 |
Can I afford a $666,000 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 $666,000 with a 6.75% loan:
| % Down |
Down Payment |
Income Needed |
| 3.5% |
$23,310 |
$226,220 |
| 5.0% |
$33,300 |
$223,443 |
| 7.5% |
$49,950 |
$218,815 |
| 10% |
$66,600 |
$214,187 |
| 15% |
$99,900 |
$204,931 |
| 20% |
$133,200 |
$195,674 |
| 25% |
$166,500 |
$186,418 |
| 30% |
$199,800 |
$177,161 |
| 50% |
$333,000 |
$140,136 |