Use the mortgage calculator to calculate the cost of buying a $806k 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 806,000 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 $806,000 house.
2% interest
| 0% down | $2,979.13/mo |
| 5% down | $2,830.18/mo |
| 10% down | $2,681.22/mo |
| 15% down | $2,532.26/mo |
| 20% down | $2,383.31/mo |
| 25% down | $2,234.35/mo |
| 30% down | $2,085.39/mo |
| 35% down | $1,936.44/mo |
| 40% down | $1,787.48/mo |
| 45% down | $1,638.52/mo |
| 50% down | $1,489.57/mo |
4% interest
| 0% down | $3,847.97/mo |
| 5% down | $3,655.57/mo |
| 10% down | $3,463.17/mo |
| 15% down | $3,270.77/mo |
| 20% down | $3,078.37/mo |
| 25% down | $2,885.98/mo |
| 30% down | $2,693.58/mo |
| 35% down | $2,501.18/mo |
| 40% down | $2,308.78/mo |
| 45% down | $2,116.38/mo |
| 50% down | $1,923.98/mo |
6% interest
| 0% down | $4,832.38/mo |
| 5% down | $4,590.76/mo |
| 10% down | $4,349.14/mo |
| 15% down | $4,107.52/mo |
| 20% down | $3,865.90/mo |
| 25% down | $3,624.28/mo |
| 30% down | $3,382.66/mo |
| 35% down | $3,141.05/mo |
| 40% down | $2,899.43/mo |
| 45% down | $2,657.81/mo |
| 50% down | $2,416.19/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.