Use the mortgage calculator to calculate the cost of buying a $814k 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 814,000 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 $814,000 house.
2% interest
| 0% down | $3,008.70/mo |
| 5% down | $2,858.27/mo |
| 10% down | $2,707.83/mo |
| 15% down | $2,557.40/mo |
| 20% down | $2,406.96/mo |
| 25% down | $2,256.53/mo |
| 30% down | $2,106.09/mo |
| 35% down | $1,955.66/mo |
| 40% down | $1,805.22/mo |
| 45% down | $1,654.79/mo |
| 50% down | $1,504.35/mo |
4% interest
| 0% down | $3,886.16/mo |
| 5% down | $3,691.85/mo |
| 10% down | $3,497.54/mo |
| 15% down | $3,303.24/mo |
| 20% down | $3,108.93/mo |
| 25% down | $2,914.62/mo |
| 30% down | $2,720.31/mo |
| 35% down | $2,526.00/mo |
| 40% down | $2,331.70/mo |
| 45% down | $2,137.39/mo |
| 50% down | $1,943.08/mo |
6% interest
| 0% down | $4,880.34/mo |
| 5% down | $4,636.32/mo |
| 10% down | $4,392.31/mo |
| 15% down | $4,148.29/mo |
| 20% down | $3,904.27/mo |
| 25% down | $3,660.26/mo |
| 30% down | $3,416.24/mo |
| 35% down | $3,172.22/mo |
| 40% down | $2,928.20/mo |
| 45% down | $2,684.19/mo |
| 50% down | $2,440.17/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
