Use the mortgage calculator to calculate the cost of buying a $788k 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 788,000 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 $788,000 house.
$788,000 Home at 2%
| 0% down | $2,912.60/mo |
| 5% down | $2,766.97/mo |
| 10% down | $2,621.34/mo |
| 15% down | $2,475.71/mo |
| 20% down | $2,330.08/mo |
| 25% down | $2,184.45/mo |
| 30% down | $2,038.82/mo |
| 35% down | $1,893.19/mo |
| 40% down | $1,747.56/mo |
| 45% down | $1,601.93/mo |
| 50% down | $1,456.30/mo |
$788,000 Home at 4%
| 0% down | $3,762.03/mo |
| 5% down | $3,573.93/mo |
| 10% down | $3,385.83/mo |
| 15% down | $3,197.73/mo |
| 20% down | $3,009.63/mo |
| 25% down | $2,821.52/mo |
| 30% down | $2,633.42/mo |
| 35% down | $2,445.32/mo |
| 40% down | $2,257.22/mo |
| 45% down | $2,069.12/mo |
| 50% down | $1,881.02/mo |
$788,000 Home at 6%
| 0% down | $4,724.46/mo |
| 5% down | $4,488.24/mo |
| 10% down | $4,252.01/mo |
| 15% down | $4,015.79/mo |
| 20% down | $3,779.57/mo |
| 25% down | $3,543.34/mo |
| 30% down | $3,307.12/mo |
| 35% down | $3,070.90/mo |
| 40% down | $2,834.67/mo |
| 45% down | $2,598.45/mo |
| 50% down | $2,362.23/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.