Use the mortgage calculator to calculate the cost of buying a $859k 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 859,000 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 $859,000 house.
2% interest
| 0% down | $3,175.03/mo |
| 5% down | $3,016.28/mo |
| 10% down | $2,857.53/mo |
| 15% down | $2,698.78/mo |
| 20% down | $2,540.03/mo |
| 25% down | $2,381.27/mo |
| 30% down | $2,222.52/mo |
| 35% down | $2,063.77/mo |
| 40% down | $1,905.02/mo |
| 45% down | $1,746.27/mo |
| 50% down | $1,587.52/mo |
4% interest
| 0% down | $4,101.00/mo |
| 5% down | $3,895.95/mo |
| 10% down | $3,690.90/mo |
| 15% down | $3,485.85/mo |
| 20% down | $3,280.80/mo |
| 25% down | $3,075.75/mo |
| 30% down | $2,870.70/mo |
| 35% down | $2,665.65/mo |
| 40% down | $2,460.60/mo |
| 45% down | $2,255.55/mo |
| 50% down | $2,050.50/mo |
6% interest
| 0% down | $5,150.14/mo |
| 5% down | $4,892.63/mo |
| 10% down | $4,635.13/mo |
| 15% down | $4,377.62/mo |
| 20% down | $4,120.11/mo |
| 25% down | $3,862.60/mo |
| 30% down | $3,605.10/mo |
| 35% down | $3,347.59/mo |
| 40% down | $3,090.08/mo |
| 45% down | $2,832.58/mo |
| 50% down | $2,575.07/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.