Use the mortgage calculator to calculate the cost of buying a $811k 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 811,000 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 $811,000 house.
2% interest
| 0% down | $2,997.61/mo |
| 5% down | $2,847.73/mo |
| 10% down | $2,697.85/mo |
| 15% down | $2,547.97/mo |
| 20% down | $2,398.09/mo |
| 25% down | $2,248.21/mo |
| 30% down | $2,098.33/mo |
| 35% down | $1,948.45/mo |
| 40% down | $1,798.57/mo |
| 45% down | $1,648.69/mo |
| 50% down | $1,498.81/mo |
4% interest
| 0% down | $3,871.84/mo |
| 5% down | $3,678.25/mo |
| 10% down | $3,484.65/mo |
| 15% down | $3,291.06/mo |
| 20% down | $3,097.47/mo |
| 25% down | $2,903.88/mo |
| 30% down | $2,710.29/mo |
| 35% down | $2,516.69/mo |
| 40% down | $2,323.10/mo |
| 45% down | $2,129.51/mo |
| 50% down | $1,935.92/mo |
6% interest
| 0% down | $4,862.35/mo |
| 5% down | $4,619.24/mo |
| 10% down | $4,376.12/mo |
| 15% down | $4,133.00/mo |
| 20% down | $3,889.88/mo |
| 25% down | $3,646.77/mo |
| 30% down | $3,403.65/mo |
| 35% down | $3,160.53/mo |
| 40% down | $2,917.41/mo |
| 45% down | $2,674.30/mo |
| 50% down | $2,431.18/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.