Use the mortgage calculator to calculate the cost of buying a $777k 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 777,000 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 $777,000 house.
2% interest
| 0% down | $2,871.94/mo |
| 5% down | $2,728.35/mo |
| 10% down | $2,584.75/mo |
| 15% down | $2,441.15/mo |
| 20% down | $2,297.55/mo |
| 25% down | $2,153.96/mo |
| 30% down | $2,010.36/mo |
| 35% down | $1,866.76/mo |
| 40% down | $1,723.17/mo |
| 45% down | $1,579.57/mo |
| 50% down | $1,435.97/mo |
4% interest
| 0% down | $3,709.52/mo |
| 5% down | $3,524.04/mo |
| 10% down | $3,338.57/mo |
| 15% down | $3,153.09/mo |
| 20% down | $2,967.61/mo |
| 25% down | $2,782.14/mo |
| 30% down | $2,596.66/mo |
| 35% down | $2,411.19/mo |
| 40% down | $2,225.71/mo |
| 45% down | $2,040.23/mo |
| 50% down | $1,854.76/mo |
6% interest
| 0% down | $4,658.51/mo |
| 5% down | $4,425.58/mo |
| 10% down | $4,192.66/mo |
| 15% down | $3,959.73/mo |
| 20% down | $3,726.81/mo |
| 25% down | $3,493.88/mo |
| 30% down | $3,260.96/mo |
| 35% down | $3,028.03/mo |
| 40% down | $2,795.10/mo |
| 45% down | $2,562.18/mo |
| 50% down | $2,329.25/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.