Use the mortgage calculator to calculate the cost of buying a $837k 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 837,000 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 $837,000 house.
$837,000 Home at 2%
| 0% down | $3,093.71/mo |
| 5% down | $2,939.03/mo |
| 10% down | $2,784.34/mo |
| 15% down | $2,629.66/mo |
| 20% down | $2,474.97/mo |
| 25% down | $2,320.29/mo |
| 30% down | $2,165.60/mo |
| 35% down | $2,010.91/mo |
| 40% down | $1,856.23/mo |
| 45% down | $1,701.54/mo |
| 50% down | $1,546.86/mo |
$837,000 Home at 4%
| 0% down | $3,995.97/mo |
| 5% down | $3,796.17/mo |
| 10% down | $3,596.37/mo |
| 15% down | $3,396.57/mo |
| 20% down | $3,196.77/mo |
| 25% down | $2,996.97/mo |
| 30% down | $2,797.18/mo |
| 35% down | $2,597.38/mo |
| 40% down | $2,397.58/mo |
| 45% down | $2,197.78/mo |
| 50% down | $1,997.98/mo |
$837,000 Home at 6%
| 0% down | $5,018.24/mo |
| 5% down | $4,767.33/mo |
| 10% down | $4,516.41/mo |
| 15% down | $4,265.50/mo |
| 20% down | $4,014.59/mo |
| 25% down | $3,763.68/mo |
| 30% down | $3,512.77/mo |
| 35% down | $3,261.85/mo |
| 40% down | $3,010.94/mo |
| 45% down | $2,760.03/mo |
| 50% down | $2,509.12/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.