Use the mortgage calculator to calculate the cost of buying a $832k 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 832,000 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 $832,000 house.
2% interest
| 0% down | $3,075.23/mo |
| 5% down | $2,921.47/mo |
| 10% down | $2,767.71/mo |
| 15% down | $2,613.95/mo |
| 20% down | $2,460.19/mo |
| 25% down | $2,306.43/mo |
| 30% down | $2,152.66/mo |
| 35% down | $1,998.90/mo |
| 40% down | $1,845.14/mo |
| 45% down | $1,691.38/mo |
| 50% down | $1,537.62/mo |
4% interest
| 0% down | $3,972.10/mo |
| 5% down | $3,773.49/mo |
| 10% down | $3,574.89/mo |
| 15% down | $3,376.28/mo |
| 20% down | $3,177.68/mo |
| 25% down | $2,979.07/mo |
| 30% down | $2,780.47/mo |
| 35% down | $2,581.86/mo |
| 40% down | $2,383.26/mo |
| 45% down | $2,184.65/mo |
| 50% down | $1,986.05/mo |
6% interest
| 0% down | $4,988.26/mo |
| 5% down | $4,738.85/mo |
| 10% down | $4,489.43/mo |
| 15% down | $4,240.02/mo |
| 20% down | $3,990.61/mo |
| 25% down | $3,741.20/mo |
| 30% down | $3,491.78/mo |
| 35% down | $3,242.37/mo |
| 40% down | $2,992.96/mo |
| 45% down | $2,743.54/mo |
| 50% down | $2,494.13/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.