Use the mortgage calculator to calculate the cost of buying a $763k 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 763,000 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 $763,000 house.
2% interest
| 0% down | $2,820.20/mo |
| 5% down | $2,679.19/mo |
| 10% down | $2,538.18/mo |
| 15% down | $2,397.17/mo |
| 20% down | $2,256.16/mo |
| 25% down | $2,115.15/mo |
| 30% down | $1,974.14/mo |
| 35% down | $1,833.13/mo |
| 40% down | $1,692.12/mo |
| 45% down | $1,551.11/mo |
| 50% down | $1,410.10/mo |
4% interest
| 0% down | $3,642.68/mo |
| 5% down | $3,460.54/mo |
| 10% down | $3,278.41/mo |
| 15% down | $3,096.28/mo |
| 20% down | $2,914.14/mo |
| 25% down | $2,732.01/mo |
| 30% down | $2,549.88/mo |
| 35% down | $2,367.74/mo |
| 40% down | $2,185.61/mo |
| 45% down | $2,003.47/mo |
| 50% down | $1,821.34/mo |
6% interest
| 0% down | $4,574.57/mo |
| 5% down | $4,345.84/mo |
| 10% down | $4,117.11/mo |
| 15% down | $3,888.38/mo |
| 20% down | $3,659.66/mo |
| 25% down | $3,430.93/mo |
| 30% down | $3,202.20/mo |
| 35% down | $2,973.47/mo |
| 40% down | $2,744.74/mo |
| 45% down | $2,516.01/mo |
| 50% down | $2,287.29/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.