Use the mortgage calculator to calculate the cost of buying a $845k 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 845,000 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 $845,000 house.
$845,000 Home at 2%
| 0% down | $3,123.28/mo |
| 5% down | $2,967.12/mo |
| 10% down | $2,810.96/mo |
| 15% down | $2,654.79/mo |
| 20% down | $2,498.63/mo |
| 25% down | $2,342.46/mo |
| 30% down | $2,186.30/mo |
| 35% down | $2,030.13/mo |
| 40% down | $1,873.97/mo |
| 45% down | $1,717.81/mo |
| 50% down | $1,561.64/mo |
$845,000 Home at 4%
| 0% down | $4,034.16/mo |
| 5% down | $3,832.45/mo |
| 10% down | $3,630.74/mo |
| 15% down | $3,429.04/mo |
| 20% down | $3,227.33/mo |
| 25% down | $3,025.62/mo |
| 30% down | $2,823.91/mo |
| 35% down | $2,622.20/mo |
| 40% down | $2,420.50/mo |
| 45% down | $2,218.79/mo |
| 50% down | $2,017.08/mo |
$845,000 Home at 6%
| 0% down | $5,066.20/mo |
| 5% down | $4,812.89/mo |
| 10% down | $4,559.58/mo |
| 15% down | $4,306.27/mo |
| 20% down | $4,052.96/mo |
| 25% down | $3,799.65/mo |
| 30% down | $3,546.34/mo |
| 35% down | $3,293.03/mo |
| 40% down | $3,039.72/mo |
| 45% down | $2,786.41/mo |
| 50% down | $2,533.10/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.