A $700,000 mortgage loan may sound high. But if you’re in more-expensive housing markets like California, Hawaii, or the Washington, D.C., areas, it can be closer to the norm. So, the question is: Will monthly payments on a $700,000 mortgage fit your budget? The up-front cost of a $700,000 mortgage Even before you make your first monthly payment, there are some costs to consider that come with a $700,000 mortgage. The following are one-time expenses that you’ll incur when purchasing the home. Down pay ...