Use the mortgage calculator to calculate the cost of buying a $802k 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 802,000 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 $802,000 house.
2% interest
| 0% down | $2,964.35/mo |
| 5% down | $2,816.13/mo |
| 10% down | $2,667.91/mo |
| 15% down | $2,519.70/mo |
| 20% down | $2,371.48/mo |
| 25% down | $2,223.26/mo |
| 30% down | $2,075.04/mo |
| 35% down | $1,926.83/mo |
| 40% down | $1,778.61/mo |
| 45% down | $1,630.39/mo |
| 50% down | $1,482.17/mo |
4% interest
| 0% down | $3,828.87/mo |
| 5% down | $3,637.43/mo |
| 10% down | $3,445.98/mo |
| 15% down | $3,254.54/mo |
| 20% down | $3,063.10/mo |
| 25% down | $2,871.65/mo |
| 30% down | $2,680.21/mo |
| 35% down | $2,488.77/mo |
| 40% down | $2,297.32/mo |
| 45% down | $2,105.88/mo |
| 50% down | $1,914.44/mo |
6% interest
| 0% down | $4,808.40/mo |
| 5% down | $4,567.98/mo |
| 10% down | $4,327.56/mo |
| 15% down | $4,087.14/mo |
| 20% down | $3,846.72/mo |
| 25% down | $3,606.30/mo |
| 30% down | $3,365.88/mo |
| 35% down | $3,125.46/mo |
| 40% down | $2,885.04/mo |
| 45% down | $2,644.62/mo |
| 50% down | $2,404.20/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.