Mortgage calculator

Mortgage on a $650,000 home

Monthly payment estimates at 3.5%, 10%, and 20% down — then customize with your rate, term, and state below.

Quick estimates — 30yr fixed at 6.48% (national avg, TX tax rate)

Payment by down payment

3.5% down ($22,750)

$5,568/mo

$797,054 total interest

PMI included

10% down ($65,000)

$5,277/mo

$743,366 total interest

PMI included

20% down ($130,000)

$4,526/mo

$660,770 total interest

Includes estimated property tax and homeowners insurance. Actual payment varies by state, credit score, and lender.

Qualifying income

Income needed to buy a $650,000 home

Lenders typically want housing costs under 28% of gross income. On a $650,000 home that works out to about $194,000 a year with 20% down, $226,000 with 10% down, and $239,000 with 3.5% down, assuming no other debts. Car payments, student loans and credit cards raise the number. Estimates use 6.48% on a 30-year loan and Texas property taxes.

Calculate income needed for your state and debts →

Customize your estimate