Use the mortgage calculator to calculate the cost of buying a $779k 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 779,000 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 $779,000 house.
2% interest
| 0% down | $2,879.34/mo |
| 5% down | $2,735.37/mo |
| 10% down | $2,591.40/mo |
| 15% down | $2,447.44/mo |
| 20% down | $2,303.47/mo |
| 25% down | $2,159.50/mo |
| 30% down | $2,015.53/mo |
| 35% down | $1,871.57/mo |
| 40% down | $1,727.60/mo |
| 45% down | $1,583.63/mo |
| 50% down | $1,439.67/mo |
4% interest
| 0% down | $3,719.07/mo |
| 5% down | $3,533.11/mo |
| 10% down | $3,347.16/mo |
| 15% down | $3,161.21/mo |
| 20% down | $2,975.25/mo |
| 25% down | $2,789.30/mo |
| 30% down | $2,603.35/mo |
| 35% down | $2,417.39/mo |
| 40% down | $2,231.44/mo |
| 45% down | $2,045.49/mo |
| 50% down | $1,859.53/mo |
6% interest
| 0% down | $4,670.50/mo |
| 5% down | $4,436.97/mo |
| 10% down | $4,203.45/mo |
| 15% down | $3,969.92/mo |
| 20% down | $3,736.40/mo |
| 25% down | $3,502.87/mo |
| 30% down | $3,269.35/mo |
| 35% down | $3,035.82/mo |
| 40% down | $2,802.30/mo |
| 45% down | $2,568.77/mo |
| 50% down | $2,335.25/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.