Use the mortgage calculator to calculate the cost of buying a $798k 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 798,000 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 $798,000 house.
$798,000 Home at 2%
| 0% down | $2,949.56/mo |
| 5% down | $2,802.09/mo |
| 10% down | $2,654.61/mo |
| 15% down | $2,507.13/mo |
| 20% down | $2,359.65/mo |
| 25% down | $2,212.17/mo |
| 30% down | $2,064.69/mo |
| 35% down | $1,917.22/mo |
| 40% down | $1,769.74/mo |
| 45% down | $1,622.26/mo |
| 50% down | $1,474.78/mo |
$798,000 Home at 4%
| 0% down | $3,809.77/mo |
| 5% down | $3,619.29/mo |
| 10% down | $3,428.80/mo |
| 15% down | $3,238.31/mo |
| 20% down | $3,047.82/mo |
| 25% down | $2,857.33/mo |
| 30% down | $2,666.84/mo |
| 35% down | $2,476.35/mo |
| 40% down | $2,285.86/mo |
| 45% down | $2,095.38/mo |
| 50% down | $1,904.89/mo |
$798,000 Home at 6%
| 0% down | $4,784.41/mo |
| 5% down | $4,545.19/mo |
| 10% down | $4,305.97/mo |
| 15% down | $4,066.75/mo |
| 20% down | $3,827.53/mo |
| 25% down | $3,588.31/mo |
| 30% down | $3,349.09/mo |
| 35% down | $3,109.87/mo |
| 40% down | $2,870.65/mo |
| 45% down | $2,631.43/mo |
| 50% down | $2,392.21/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.