Use the mortgage calculator to calculate the cost of buying a $816k 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 816,000 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 $816,000 house.
$816,000 Home at 2%
| 0% down | $3,016.09/mo |
| 5% down | $2,865.29/mo |
| 10% down | $2,714.49/mo |
| 15% down | $2,563.68/mo |
| 20% down | $2,412.88/mo |
| 25% down | $2,262.07/mo |
| 30% down | $2,111.27/mo |
| 35% down | $1,960.46/mo |
| 40% down | $1,809.66/mo |
| 45% down | $1,658.85/mo |
| 50% down | $1,508.05/mo |
$816,000 Home at 4%
| 0% down | $3,895.71/mo |
| 5% down | $3,700.92/mo |
| 10% down | $3,506.14/mo |
| 15% down | $3,311.35/mo |
| 20% down | $3,116.57/mo |
| 25% down | $2,921.78/mo |
| 30% down | $2,727.00/mo |
| 35% down | $2,532.21/mo |
| 40% down | $2,337.43/mo |
| 45% down | $2,142.64/mo |
| 50% down | $1,947.85/mo |
$816,000 Home at 6%
| 0% down | $4,892.33/mo |
| 5% down | $4,647.72/mo |
| 10% down | $4,403.10/mo |
| 15% down | $4,158.48/mo |
| 20% down | $3,913.87/mo |
| 25% down | $3,669.25/mo |
| 30% down | $3,424.63/mo |
| 35% down | $3,180.02/mo |
| 40% down | $2,935.40/mo |
| 45% down | $2,690.78/mo |
| 50% down | $2,446.17/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.