Mortgage Payment on a $750,000 House
What's the payment on a $750,000 house? Calculate the monthly mortgage on a house, condo, or apartment which costs $750k.
After a 20% down payment, your loan amount will be $600,000. With a 30-year loan loan at 6.75% interest:
Monthly payment = $3,892
Total yearly payments = $46,699
Payments by Interest Rate
| Interest Rate |
Payment |
| 5.000% |
$3,221 |
| 5.500% |
$3,407 |
| 6.000% |
$3,597 |
| 6.250% |
$3,694 |
| 6.500% |
$3,792 |
| 6.750% |
$3,892 |
| 6.875% |
$3,942 |
| 7.000% |
$3,992 |
| 7.250% |
$4,093 |
| 7.500% |
$4,195 |
| 7.625% |
$4,247 |
| 7.750% |
$4,298 |
| 8.000% |
$4,403 |
Payments by Amount Down
| % Down |
Amount |
Payment |
| 3.5% |
$26,250 |
$4,694 |
| 5.0% |
$37,500 |
$4,621 |
| 7.5% |
$56,250 |
$4,500 |
| 10% |
$75,000 |
$4,378 |
| 15% |
$112,500 |
$4,135 |
| 20% |
$150,000 |
$3,892 |
| 25% |
$187,500 |
$3,648 |
| 30% |
$225,000 |
$3,405 |
| 50% |
$375,000 |
$2,432 |
Payments by Loan Length
| Length |
Payment |
| 10 years |
$6,889 |
| 15 years |
$5,309 |
| 20 years |
$4,562 |
| 30 years |
$3,892 |
| 40 years |
$3,620 |
| Interest only |
$3,375 |
Can I afford a $750,000 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 $750,000 with a 6.75% loan:
| % Down |
Down Payment |
Income Needed |
| 3.5% |
$26,250 |
$254,753 |
| 5.0% |
$37,500 |
$251,625 |
| 7.5% |
$56,250 |
$246,414 |
| 10% |
$75,000 |
$241,202 |
| 15% |
$112,500 |
$230,778 |
| 20% |
$150,000 |
$220,354 |
| 25% |
$187,500 |
$209,930 |
| 30% |
$225,000 |
$199,506 |
| 50% |
$375,000 |
$157,810 |