Mortgage Payment on a $689,000 House

What's the payment on a $689,000 house? Calculate the monthly mortgage on a house, condo, or apartment which costs $689k.
Home price
$
Percent down
%
137,800
Interest rate
%
Loan term
After a 20% down payment, your loan amount will be $551,200. With a 30-year loan loan at 6.75% interest:
Monthly payment = $3,575
Total yearly payments = $42,901
Payments by Interest Rate
Interest Rate Payment
5.000% $2,959
5.500% $3,130
6.000% $3,305
6.250% $3,394
6.500% $3,484
6.750% $3,575
6.875% $3,621
7.000% $3,667
7.250% $3,760
7.500% $3,854
7.625% $3,901
7.750% $3,949
8.000% $4,045
Payments by Amount Down
% Down Amount Payment
3.5% $24,115 $4,312
5.0% $34,450 $4,245
7.5% $51,675 $4,134
10% $68,900 $4,022
15% $103,350 $3,799
20% $137,800 $3,575
25% $172,250 $3,352
30% $206,700 $3,128
50% $344,500 $2,234
Payments by Loan Length
Length Payment
10 years $6,329
15 years $4,878
20 years $4,191
30 years $3,575
40 years $3,326
Interest only $3,101
Can I afford a $689,000 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 $689,000 with a 6.75% loan:
% Down Down Payment Income Needed
3.5% $24,115 $234,033
5.0% $34,450 $231,160
7.5% $51,675 $226,372
10% $68,900 $221,584
15% $103,350 $212,008
20% $137,800 $202,432
25% $172,250 $192,856
30% $206,700 $183,280
50% $344,500 $144,975