Use the mortgage calculator to calculate the cost of buying a $795k 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 795,000 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 $795,000 house.
2% interest
| 0% down | $2,938.47/mo |
| 5% down | $2,791.55/mo |
| 10% down | $2,644.63/mo |
| 15% down | $2,497.70/mo |
| 20% down | $2,350.78/mo |
| 25% down | $2,203.86/mo |
| 30% down | $2,056.93/mo |
| 35% down | $1,910.01/mo |
| 40% down | $1,763.08/mo |
| 45% down | $1,616.16/mo |
| 50% down | $1,469.24/mo |
4% interest
| 0% down | $3,795.45/mo |
| 5% down | $3,605.68/mo |
| 10% down | $3,415.91/mo |
| 15% down | $3,226.13/mo |
| 20% down | $3,036.36/mo |
| 25% down | $2,846.59/mo |
| 30% down | $2,656.82/mo |
| 35% down | $2,467.04/mo |
| 40% down | $2,277.27/mo |
| 45% down | $2,087.50/mo |
| 50% down | $1,897.73/mo |
6% interest
| 0% down | $4,766.43/mo |
| 5% down | $4,528.11/mo |
| 10% down | $4,289.78/mo |
| 15% down | $4,051.46/mo |
| 20% down | $3,813.14/mo |
| 25% down | $3,574.82/mo |
| 30% down | $3,336.50/mo |
| 35% down | $3,098.18/mo |
| 40% down | $2,859.86/mo |
| 45% down | $2,621.53/mo |
| 50% down | $2,383.21/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.