Use the mortgage calculator to calculate the cost of buying a $848k 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 848,000 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 $848,000 house.
$848,000 Home at 2%
| 0% down | $3,134.37/mo |
| 5% down | $2,977.65/mo |
| 10% down | $2,820.94/mo |
| 15% down | $2,664.22/mo |
| 20% down | $2,507.50/mo |
| 25% down | $2,350.78/mo |
| 30% down | $2,194.06/mo |
| 35% down | $2,037.34/mo |
| 40% down | $1,880.62/mo |
| 45% down | $1,723.91/mo |
| 50% down | $1,567.19/mo |
$848,000 Home at 4%
| 0% down | $4,048.48/mo |
| 5% down | $3,846.06/mo |
| 10% down | $3,643.63/mo |
| 15% down | $3,441.21/mo |
| 20% down | $3,238.79/mo |
| 25% down | $3,036.36/mo |
| 30% down | $2,833.94/mo |
| 35% down | $2,631.51/mo |
| 40% down | $2,429.09/mo |
| 45% down | $2,226.66/mo |
| 50% down | $2,024.24/mo |
$848,000 Home at 6%
| 0% down | $5,084.19/mo |
| 5% down | $4,829.98/mo |
| 10% down | $4,575.77/mo |
| 15% down | $4,321.56/mo |
| 20% down | $4,067.35/mo |
| 25% down | $3,813.14/mo |
| 30% down | $3,558.93/mo |
| 35% down | $3,304.72/mo |
| 40% down | $3,050.51/mo |
| 45% down | $2,796.30/mo |
| 50% down | $2,542.09/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.