Use the mortgage calculator to calculate the cost of buying a $892k 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 892,000 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 $892,000 house.
$892,000 Home at 2%
| 0% down | $3,297.01/mo |
| 5% down | $3,132.16/mo |
| 10% down | $2,967.31/mo |
| 15% down | $2,802.45/mo |
| 20% down | $2,637.60/mo |
| 25% down | $2,472.75/mo |
| 30% down | $2,307.90/mo |
| 35% down | $2,143.05/mo |
| 40% down | $1,978.20/mo |
| 45% down | $1,813.35/mo |
| 50% down | $1,648.50/mo |
$892,000 Home at 4%
| 0% down | $4,258.54/mo |
| 5% down | $4,045.62/mo |
| 10% down | $3,832.69/mo |
| 15% down | $3,619.76/mo |
| 20% down | $3,406.84/mo |
| 25% down | $3,193.91/mo |
| 30% down | $2,980.98/mo |
| 35% down | $2,768.05/mo |
| 40% down | $2,555.13/mo |
| 45% down | $2,342.20/mo |
| 50% down | $2,129.27/mo |
$892,000 Home at 6%
| 0% down | $5,347.99/mo |
| 5% down | $5,080.59/mo |
| 10% down | $4,813.19/mo |
| 15% down | $4,545.79/mo |
| 20% down | $4,278.39/mo |
| 25% down | $4,010.99/mo |
| 30% down | $3,743.59/mo |
| 35% down | $3,476.19/mo |
| 40% down | $3,208.79/mo |
| 45% down | $2,941.39/mo |
| 50% down | $2,674.00/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.