Use the mortgage calculator to calculate the cost of buying a $825k 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 825,000 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 $825,000 house.
$825,000 Home at 2%
| 0% down | $3,049.36/mo |
| 5% down | $2,896.89/mo |
| 10% down | $2,744.42/mo |
| 15% down | $2,591.96/mo |
| 20% down | $2,439.49/mo |
| 25% down | $2,287.02/mo |
| 30% down | $2,134.55/mo |
| 35% down | $1,982.08/mo |
| 40% down | $1,829.62/mo |
| 45% down | $1,677.15/mo |
| 50% down | $1,524.68/mo |
$825,000 Home at 4%
| 0% down | $3,938.68/mo |
| 5% down | $3,741.74/mo |
| 10% down | $3,544.81/mo |
| 15% down | $3,347.87/mo |
| 20% down | $3,150.94/mo |
| 25% down | $2,954.01/mo |
| 30% down | $2,757.07/mo |
| 35% down | $2,560.14/mo |
| 40% down | $2,363.21/mo |
| 45% down | $2,166.27/mo |
| 50% down | $1,969.34/mo |
$825,000 Home at 6%
| 0% down | $4,946.29/mo |
| 5% down | $4,698.98/mo |
| 10% down | $4,451.66/mo |
| 15% down | $4,204.35/mo |
| 20% down | $3,957.03/mo |
| 25% down | $3,709.72/mo |
| 30% down | $3,462.40/mo |
| 35% down | $3,215.09/mo |
| 40% down | $2,967.78/mo |
| 45% down | $2,720.46/mo |
| 50% down | $2,473.15/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.