Use the mortgage calculator to calculate the cost of buying a $803k 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 803,000 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 $803,000 house.
$803,000 Home at 2%
| 0% down | $2,968.04/mo |
| 5% down | $2,819.64/mo |
| 10% down | $2,671.24/mo |
| 15% down | $2,522.84/mo |
| 20% down | $2,374.44/mo |
| 25% down | $2,226.03/mo |
| 30% down | $2,077.63/mo |
| 35% down | $1,929.23/mo |
| 40% down | $1,780.83/mo |
| 45% down | $1,632.42/mo |
| 50% down | $1,484.02/mo |
$803,000 Home at 4%
| 0% down | $3,833.64/mo |
| 5% down | $3,641.96/mo |
| 10% down | $3,450.28/mo |
| 15% down | $3,258.60/mo |
| 20% down | $3,066.92/mo |
| 25% down | $2,875.23/mo |
| 30% down | $2,683.55/mo |
| 35% down | $2,491.87/mo |
| 40% down | $2,300.19/mo |
| 45% down | $2,108.50/mo |
| 50% down | $1,916.82/mo |
$803,000 Home at 6%
| 0% down | $4,814.39/mo |
| 5% down | $4,573.67/mo |
| 10% down | $4,332.95/mo |
| 15% down | $4,092.23/mo |
| 20% down | $3,851.51/mo |
| 25% down | $3,610.79/mo |
| 30% down | $3,370.07/mo |
| 35% down | $3,129.35/mo |
| 40% down | $2,888.63/mo |
| 45% down | $2,647.91/mo |
| 50% down | $2,407.20/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.