Use the mortgage calculator to calculate the cost of buying a $783k home. Change the numbers to see different options.
This calc can be used for car loans, debt, real estate, home purchase, etc.
Can I afford a 783,000 dollar house? It depends.
In addition to the mortgage payment, a home also has insurance, maintenance, and taxes.
Taxes can vary drastically by area. A very rough estimate is to not spend more than 30% of your income
on housing.
How do I get a mortgage? A simple first step is to talk to a local banker and fill out a mortgage application. Then consider other offers, either local or online.
How much of a down payment should I make? Here's a little chart that shows monthly payments based on down payment for a $783,000 house.
$783,000 Home at 2%
| 0% down | $2,894.12/mo |
| 5% down | $2,749.41/mo |
| 10% down | $2,604.71/mo |
| 15% down | $2,460.00/mo |
| 20% down | $2,315.30/mo |
| 25% down | $2,170.59/mo |
| 30% down | $2,025.88/mo |
| 35% down | $1,881.18/mo |
| 40% down | $1,736.47/mo |
| 45% down | $1,591.77/mo |
| 50% down | $1,447.06/mo |
$783,000 Home at 4%
| 0% down | $3,738.16/mo |
| 5% down | $3,551.25/mo |
| 10% down | $3,364.35/mo |
| 15% down | $3,177.44/mo |
| 20% down | $2,990.53/mo |
| 25% down | $2,803.62/mo |
| 30% down | $2,616.71/mo |
| 35% down | $2,429.81/mo |
| 40% down | $2,242.90/mo |
| 45% down | $2,055.99/mo |
| 50% down | $1,869.08/mo |
$783,000 Home at 6%
| 0% down | $4,694.48/mo |
| 5% down | $4,459.76/mo |
| 10% down | $4,225.03/mo |
| 15% down | $3,990.31/mo |
| 20% down | $3,755.58/mo |
| 25% down | $3,520.86/mo |
| 30% down | $3,286.14/mo |
| 35% down | $3,051.41/mo |
| 40% down | $2,816.69/mo |
| 45% down | $2,581.96/mo |
| 50% down | $2,347.24/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.