Use the mortgage calculator to calculate the cost of buying a $796k 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 796,000 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 $796,000 house.
$796,000 Home at 2%
| 0% down | $2,942.17/mo |
| 5% down | $2,795.06/mo |
| 10% down | $2,647.95/mo |
| 15% down | $2,500.85/mo |
| 20% down | $2,353.74/mo |
| 25% down | $2,206.63/mo |
| 30% down | $2,059.52/mo |
| 35% down | $1,912.41/mo |
| 40% down | $1,765.30/mo |
| 45% down | $1,618.19/mo |
| 50% down | $1,471.09/mo |
$796,000 Home at 4%
| 0% down | $3,800.23/mo |
| 5% down | $3,610.21/mo |
| 10% down | $3,420.20/mo |
| 15% down | $3,230.19/mo |
| 20% down | $3,040.18/mo |
| 25% down | $2,850.17/mo |
| 30% down | $2,660.16/mo |
| 35% down | $2,470.15/mo |
| 40% down | $2,280.14/mo |
| 45% down | $2,090.12/mo |
| 50% down | $1,900.11/mo |
$796,000 Home at 6%
| 0% down | $4,772.42/mo |
| 5% down | $4,533.80/mo |
| 10% down | $4,295.18/mo |
| 15% down | $4,056.56/mo |
| 20% down | $3,817.94/mo |
| 25% down | $3,579.32/mo |
| 30% down | $3,340.70/mo |
| 35% down | $3,102.07/mo |
| 40% down | $2,863.45/mo |
| 45% down | $2,624.83/mo |
| 50% down | $2,386.21/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.