Mortgage Payment on a $667,000 House
What's the payment on a $667,000 house? Calculate the monthly mortgage on a house, condo, or apartment which costs $667k.
After a 20% down payment, your loan amount will be $533,600. With a 30-year loan loan at 6.75% interest:
Monthly payment = $3,461
Total yearly payments = $41,531
Payments by Interest Rate
| Interest Rate |
Payment |
| 5.000% |
$2,864 |
| 5.500% |
$3,030 |
| 6.000% |
$3,199 |
| 6.250% |
$3,285 |
| 6.500% |
$3,373 |
| 6.750% |
$3,461 |
| 6.875% |
$3,505 |
| 7.000% |
$3,550 |
| 7.250% |
$3,640 |
| 7.500% |
$3,731 |
| 7.625% |
$3,777 |
| 7.750% |
$3,823 |
| 8.000% |
$3,915 |
Payments by Amount Down
| % Down |
Amount |
Payment |
| 3.5% |
$23,345 |
$4,175 |
| 5.0% |
$33,350 |
$4,110 |
| 7.5% |
$50,025 |
$4,002 |
| 10% |
$66,700 |
$3,894 |
| 15% |
$100,050 |
$3,677 |
| 20% |
$133,400 |
$3,461 |
| 25% |
$166,750 |
$3,245 |
| 30% |
$200,100 |
$3,028 |
| 50% |
$333,500 |
$2,163 |
Payments by Loan Length
| Length |
Payment |
| 10 years |
$6,127 |
| 15 years |
$4,722 |
| 20 years |
$4,057 |
| 30 years |
$3,461 |
| 40 years |
$3,220 |
| Interest only |
$3,002 |
Can I afford a $667,000 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 $667,000 with a 6.75% loan:
| % Down |
Down Payment |
Income Needed |
| 3.5% |
$23,345 |
$226,560 |
| 5.0% |
$33,350 |
$223,779 |
| 7.5% |
$50,025 |
$219,144 |
| 10% |
$66,700 |
$214,509 |
| 15% |
$100,050 |
$205,238 |
| 20% |
$133,400 |
$195,968 |
| 25% |
$166,750 |
$186,698 |
| 30% |
$200,100 |
$177,427 |
| 50% |
$333,500 |
$140,346 |