Use the mortgage calculator to calculate the cost of buying a $846k 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 846,000 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 $846,000 house.
$846,000 Home at 2%
| 0% down | $3,126.98/mo |
| 5% down | $2,970.63/mo |
| 10% down | $2,814.28/mo |
| 15% down | $2,657.93/mo |
| 20% down | $2,501.58/mo |
| 25% down | $2,345.24/mo |
| 30% down | $2,188.89/mo |
| 35% down | $2,032.54/mo |
| 40% down | $1,876.19/mo |
| 45% down | $1,719.84/mo |
| 50% down | $1,563.49/mo |
$846,000 Home at 4%
| 0% down | $4,038.93/mo |
| 5% down | $3,836.99/mo |
| 10% down | $3,635.04/mo |
| 15% down | $3,433.09/mo |
| 20% down | $3,231.15/mo |
| 25% down | $3,029.20/mo |
| 30% down | $2,827.25/mo |
| 35% down | $2,625.31/mo |
| 40% down | $2,423.36/mo |
| 45% down | $2,221.41/mo |
| 50% down | $2,019.47/mo |
$846,000 Home at 6%
| 0% down | $5,072.20/mo |
| 5% down | $4,818.59/mo |
| 10% down | $4,564.98/mo |
| 15% down | $4,311.37/mo |
| 20% down | $4,057.76/mo |
| 25% down | $3,804.15/mo |
| 30% down | $3,550.54/mo |
| 35% down | $3,296.93/mo |
| 40% down | $3,043.32/mo |
| 45% down | $2,789.71/mo |
| 50% down | $2,536.10/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.