Use the mortgage calculator to calculate the cost of buying a $831k 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 831,000 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 $831,000 house.
$831,000 Home at 2%
| 0% down | $3,071.54/mo |
| 5% down | $2,917.96/mo |
| 10% down | $2,764.38/mo |
| 15% down | $2,610.81/mo |
| 20% down | $2,457.23/mo |
| 25% down | $2,303.65/mo |
| 30% down | $2,150.08/mo |
| 35% down | $1,996.50/mo |
| 40% down | $1,842.92/mo |
| 45% down | $1,689.35/mo |
| 50% down | $1,535.77/mo |
$831,000 Home at 4%
| 0% down | $3,967.32/mo |
| 5% down | $3,768.96/mo |
| 10% down | $3,570.59/mo |
| 15% down | $3,372.22/mo |
| 20% down | $3,173.86/mo |
| 25% down | $2,975.49/mo |
| 30% down | $2,777.12/mo |
| 35% down | $2,578.76/mo |
| 40% down | $2,380.39/mo |
| 45% down | $2,182.03/mo |
| 50% down | $1,983.66/mo |
$831,000 Home at 6%
| 0% down | $4,982.26/mo |
| 5% down | $4,733.15/mo |
| 10% down | $4,484.04/mo |
| 15% down | $4,234.93/mo |
| 20% down | $3,985.81/mo |
| 25% down | $3,736.70/mo |
| 30% down | $3,487.59/mo |
| 35% down | $3,238.47/mo |
| 40% down | $2,989.36/mo |
| 45% down | $2,740.25/mo |
| 50% down | $2,491.13/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.