Use the mortgage calculator to calculate the cost of buying a $804k 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 804,000 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 $804,000 house.
2% interest
| 0% down | $2,971.74/mo |
| 5% down | $2,823.15/mo |
| 10% down | $2,674.57/mo |
| 15% down | $2,525.98/mo |
| 20% down | $2,377.39/mo |
| 25% down | $2,228.81/mo |
| 30% down | $2,080.22/mo |
| 35% down | $1,931.63/mo |
| 40% down | $1,783.04/mo |
| 45% down | $1,634.46/mo |
| 50% down | $1,485.87/mo |
4% interest
| 0% down | $3,838.42/mo |
| 5% down | $3,646.50/mo |
| 10% down | $3,454.58/mo |
| 15% down | $3,262.66/mo |
| 20% down | $3,070.74/mo |
| 25% down | $2,878.81/mo |
| 30% down | $2,686.89/mo |
| 35% down | $2,494.97/mo |
| 40% down | $2,303.05/mo |
| 45% down | $2,111.13/mo |
| 50% down | $1,919.21/mo |
6% interest
| 0% down | $4,820.39/mo |
| 5% down | $4,579.37/mo |
| 10% down | $4,338.35/mo |
| 15% down | $4,097.33/mo |
| 20% down | $3,856.31/mo |
| 25% down | $3,615.29/mo |
| 30% down | $3,374.27/mo |
| 35% down | $3,133.25/mo |
| 40% down | $2,892.23/mo |
| 45% down | $2,651.21/mo |
| 50% down | $2,410.19/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.