Use the mortgage calculator to calculate the cost of buying a $842k 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 842,000 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 $842,000 house.
$842,000 Home at 2%
| 0% down | $3,112.20/mo |
| 5% down | $2,956.59/mo |
| 10% down | $2,800.98/mo |
| 15% down | $2,645.37/mo |
| 20% down | $2,489.76/mo |
| 25% down | $2,334.15/mo |
| 30% down | $2,178.54/mo |
| 35% down | $2,022.93/mo |
| 40% down | $1,867.32/mo |
| 45% down | $1,711.71/mo |
| 50% down | $1,556.10/mo |
$842,000 Home at 4%
| 0% down | $4,019.84/mo |
| 5% down | $3,818.84/mo |
| 10% down | $3,617.85/mo |
| 15% down | $3,416.86/mo |
| 20% down | $3,215.87/mo |
| 25% down | $3,014.88/mo |
| 30% down | $2,813.89/mo |
| 35% down | $2,612.89/mo |
| 40% down | $2,411.90/mo |
| 45% down | $2,210.91/mo |
| 50% down | $2,009.92/mo |
$842,000 Home at 6%
| 0% down | $5,048.22/mo |
| 5% down | $4,795.80/mo |
| 10% down | $4,543.39/mo |
| 15% down | $4,290.98/mo |
| 20% down | $4,038.57/mo |
| 25% down | $3,786.16/mo |
| 30% down | $3,533.75/mo |
| 35% down | $3,281.34/mo |
| 40% down | $3,028.93/mo |
| 45% down | $2,776.52/mo |
| 50% down | $2,524.11/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.