Use the mortgage calculator to calculate the cost of buying a $838k 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 838,000 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 $838,000 house.
2% interest
| 0% down | $3,097.41/mo |
| 5% down | $2,942.54/mo |
| 10% down | $2,787.67/mo |
| 15% down | $2,632.80/mo |
| 20% down | $2,477.93/mo |
| 25% down | $2,323.06/mo |
| 30% down | $2,168.19/mo |
| 35% down | $2,013.32/mo |
| 40% down | $1,858.45/mo |
| 45% down | $1,703.58/mo |
| 50% down | $1,548.71/mo |
4% interest
| 0% down | $4,000.74/mo |
| 5% down | $3,800.70/mo |
| 10% down | $3,600.67/mo |
| 15% down | $3,400.63/mo |
| 20% down | $3,200.59/mo |
| 25% down | $3,000.56/mo |
| 30% down | $2,800.52/mo |
| 35% down | $2,600.48/mo |
| 40% down | $2,400.44/mo |
| 45% down | $2,200.41/mo |
| 50% down | $2,000.37/mo |
6% interest
| 0% down | $5,024.23/mo |
| 5% down | $4,773.02/mo |
| 10% down | $4,521.81/mo |
| 15% down | $4,270.60/mo |
| 20% down | $4,019.39/mo |
| 25% down | $3,768.18/mo |
| 30% down | $3,516.96/mo |
| 35% down | $3,265.75/mo |
| 40% down | $3,014.54/mo |
| 45% down | $2,763.33/mo |
| 50% down | $2,512.12/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.