Use the mortgage calculator to calculate the cost of buying a $849k 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 849,000 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 $849,000 house.
2% interest
| 0% down | $3,138.07/mo |
| 5% down | $2,981.17/mo |
| 10% down | $2,824.26/mo |
| 15% down | $2,667.36/mo |
| 20% down | $2,510.46/mo |
| 25% down | $2,353.55/mo |
| 30% down | $2,196.65/mo |
| 35% down | $2,039.75/mo |
| 40% down | $1,882.84/mo |
| 45% down | $1,725.94/mo |
| 50% down | $1,569.03/mo |
4% interest
| 0% down | $4,053.26/mo |
| 5% down | $3,850.59/mo |
| 10% down | $3,647.93/mo |
| 15% down | $3,445.27/mo |
| 20% down | $3,242.60/mo |
| 25% down | $3,039.94/mo |
| 30% down | $2,837.28/mo |
| 35% down | $2,634.62/mo |
| 40% down | $2,431.95/mo |
| 45% down | $2,229.29/mo |
| 50% down | $2,026.63/mo |
6% interest
| 0% down | $5,090.18/mo |
| 5% down | $4,835.67/mo |
| 10% down | $4,581.17/mo |
| 15% down | $4,326.66/mo |
| 20% down | $4,072.15/mo |
| 25% down | $3,817.64/mo |
| 30% down | $3,563.13/mo |
| 35% down | $3,308.62/mo |
| 40% down | $3,054.11/mo |
| 45% down | $2,799.60/mo |
| 50% down | $2,545.09/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.