Use the mortgage calculator to calculate the cost of buying a $827k 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 827,000 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 $827,000 house.
$827,000 Home at 2%
| 0% down | $3,056.75/mo |
| 5% down | $2,903.92/mo |
| 10% down | $2,751.08/mo |
| 15% down | $2,598.24/mo |
| 20% down | $2,445.40/mo |
| 25% down | $2,292.56/mo |
| 30% down | $2,139.73/mo |
| 35% down | $1,986.89/mo |
| 40% down | $1,834.05/mo |
| 45% down | $1,681.21/mo |
| 50% down | $1,528.38/mo |
$827,000 Home at 4%
| 0% down | $3,948.22/mo |
| 5% down | $3,750.81/mo |
| 10% down | $3,553.40/mo |
| 15% down | $3,355.99/mo |
| 20% down | $3,158.58/mo |
| 25% down | $2,961.17/mo |
| 30% down | $2,763.76/mo |
| 35% down | $2,566.35/mo |
| 40% down | $2,368.93/mo |
| 45% down | $2,171.52/mo |
| 50% down | $1,974.11/mo |
$827,000 Home at 6%
| 0% down | $4,958.28/mo |
| 5% down | $4,710.37/mo |
| 10% down | $4,462.45/mo |
| 15% down | $4,214.54/mo |
| 20% down | $3,966.63/mo |
| 25% down | $3,718.71/mo |
| 30% down | $3,470.80/mo |
| 35% down | $3,222.88/mo |
| 40% down | $2,974.97/mo |
| 45% down | $2,727.06/mo |
| 50% down | $2,479.14/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.