Mortgage Payment on a $669,000 House
What's the payment on a $669,000 house? Calculate the monthly mortgage on a house, condo, or apartment which costs $669k.
After a 20% down payment, your loan amount will be $535,200. With a 30-year loan loan at 6.75% interest:
Monthly payment = $3,471
Total yearly payments = $41,656
Payments by Interest Rate
| Interest Rate |
Payment |
| 5.000% |
$2,873 |
| 5.500% |
$3,039 |
| 6.000% |
$3,209 |
| 6.250% |
$3,295 |
| 6.500% |
$3,383 |
| 6.750% |
$3,471 |
| 6.875% |
$3,516 |
| 7.000% |
$3,561 |
| 7.250% |
$3,651 |
| 7.500% |
$3,742 |
| 7.625% |
$3,788 |
| 7.750% |
$3,834 |
| 8.000% |
$3,927 |
Payments by Amount Down
| % Down |
Amount |
Payment |
| 3.5% |
$23,415 |
$4,187 |
| 5.0% |
$33,450 |
$4,122 |
| 7.5% |
$50,175 |
$4,014 |
| 10% |
$66,900 |
$3,905 |
| 15% |
$100,350 |
$3,688 |
| 20% |
$133,800 |
$3,471 |
| 25% |
$167,250 |
$3,254 |
| 30% |
$200,700 |
$3,037 |
| 50% |
$334,500 |
$2,170 |
Payments by Loan Length
| Length |
Payment |
| 10 years |
$6,145 |
| 15 years |
$4,736 |
| 20 years |
$4,069 |
| 30 years |
$3,471 |
| 40 years |
$3,229 |
| Interest only |
$3,011 |
Can I afford a $669,000 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 $669,000 with a 6.75% loan:
| % Down |
Down Payment |
Income Needed |
| 3.5% |
$23,415 |
$227,239 |
| 5.0% |
$33,450 |
$224,450 |
| 7.5% |
$50,175 |
$219,801 |
| 10% |
$66,900 |
$215,152 |
| 15% |
$100,350 |
$205,854 |
| 20% |
$133,800 |
$196,556 |
| 25% |
$167,250 |
$187,257 |
| 30% |
$200,700 |
$177,959 |
| 50% |
$334,500 |
$140,767 |