Use the mortgage calculator to calculate the cost of buying a $785k 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 785,000 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 $785,000 house.
$785,000 Home at 2%
| 0% down | $2,901.51/mo |
| 5% down | $2,756.44/mo |
| 10% down | $2,611.36/mo |
| 15% down | $2,466.29/mo |
| 20% down | $2,321.21/mo |
| 25% down | $2,176.13/mo |
| 30% down | $2,031.06/mo |
| 35% down | $1,885.98/mo |
| 40% down | $1,740.91/mo |
| 45% down | $1,595.83/mo |
| 50% down | $1,450.76/mo |
$785,000 Home at 4%
| 0% down | $3,747.71/mo |
| 5% down | $3,560.32/mo |
| 10% down | $3,372.94/mo |
| 15% down | $3,185.55/mo |
| 20% down | $2,998.17/mo |
| 25% down | $2,810.78/mo |
| 30% down | $2,623.40/mo |
| 35% down | $2,436.01/mo |
| 40% down | $2,248.63/mo |
| 45% down | $2,061.24/mo |
| 50% down | $1,873.86/mo |
$785,000 Home at 6%
| 0% down | $4,706.47/mo |
| 5% down | $4,471.15/mo |
| 10% down | $4,235.82/mo |
| 15% down | $4,000.50/mo |
| 20% down | $3,765.18/mo |
| 25% down | $3,529.85/mo |
| 30% down | $3,294.53/mo |
| 35% down | $3,059.21/mo |
| 40% down | $2,823.88/mo |
| 45% down | $2,588.56/mo |
| 50% down | $2,353.24/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.