Use the mortgage calculator to calculate the cost of buying a $847k 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 847,000 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 $847,000 house.
$847,000 Home at 2%
| 0% down | $3,130.68/mo |
| 5% down | $2,974.14/mo |
| 10% down | $2,817.61/mo |
| 15% down | $2,661.08/mo |
| 20% down | $2,504.54/mo |
| 25% down | $2,348.01/mo |
| 30% down | $2,191.47/mo |
| 35% down | $2,034.94/mo |
| 40% down | $1,878.41/mo |
| 45% down | $1,721.87/mo |
| 50% down | $1,565.34/mo |
$847,000 Home at 4%
| 0% down | $4,043.71/mo |
| 5% down | $3,841.52/mo |
| 10% down | $3,639.34/mo |
| 15% down | $3,437.15/mo |
| 20% down | $3,234.97/mo |
| 25% down | $3,032.78/mo |
| 30% down | $2,830.60/mo |
| 35% down | $2,628.41/mo |
| 40% down | $2,426.22/mo |
| 45% down | $2,224.04/mo |
| 50% down | $2,021.85/mo |
$847,000 Home at 6%
| 0% down | $5,078.19/mo |
| 5% down | $4,824.28/mo |
| 10% down | $4,570.37/mo |
| 15% down | $4,316.46/mo |
| 20% down | $4,062.55/mo |
| 25% down | $3,808.64/mo |
| 30% down | $3,554.74/mo |
| 35% down | $3,300.83/mo |
| 40% down | $3,046.92/mo |
| 45% down | $2,793.01/mo |
| 50% down | $2,539.10/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.