Use the mortgage calculator to calculate the cost of buying a $893k 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 893,000 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 $893,000 house.
$893,000 Home at 2%
| 0% down | $3,300.70/mo |
| 5% down | $3,135.67/mo |
| 10% down | $2,970.63/mo |
| 15% down | $2,805.60/mo |
| 20% down | $2,640.56/mo |
| 25% down | $2,475.53/mo |
| 30% down | $2,310.49/mo |
| 35% down | $2,145.46/mo |
| 40% down | $1,980.42/mo |
| 45% down | $1,815.39/mo |
| 50% down | $1,650.35/mo |
$893,000 Home at 4%
| 0% down | $4,263.32/mo |
| 5% down | $4,050.15/mo |
| 10% down | $3,836.99/mo |
| 15% down | $3,623.82/mo |
| 20% down | $3,410.65/mo |
| 25% down | $3,197.49/mo |
| 30% down | $2,984.32/mo |
| 35% down | $2,771.16/mo |
| 40% down | $2,557.99/mo |
| 45% down | $2,344.83/mo |
| 50% down | $2,131.66/mo |
$893,000 Home at 6%
| 0% down | $5,353.99/mo |
| 5% down | $5,086.29/mo |
| 10% down | $4,818.59/mo |
| 15% down | $4,550.89/mo |
| 20% down | $4,283.19/mo |
| 25% down | $4,015.49/mo |
| 30% down | $3,747.79/mo |
| 35% down | $3,480.09/mo |
| 40% down | $3,212.39/mo |
| 45% down | $2,944.69/mo |
| 50% down | $2,676.99/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.