Use the mortgage calculator to calculate the cost of buying a $898k 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 898,000 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 $898,000 house.
$898,000 Home at 2%
| 0% down | $3,319.18/mo |
| 5% down | $3,153.22/mo |
| 10% down | $2,987.26/mo |
| 15% down | $2,821.31/mo |
| 20% down | $2,655.35/mo |
| 25% down | $2,489.39/mo |
| 30% down | $2,323.43/mo |
| 35% down | $2,157.47/mo |
| 40% down | $1,991.51/mo |
| 45% down | $1,825.55/mo |
| 50% down | $1,659.59/mo |
$898,000 Home at 4%
| 0% down | $4,287.19/mo |
| 5% down | $4,072.83/mo |
| 10% down | $3,858.47/mo |
| 15% down | $3,644.11/mo |
| 20% down | $3,429.75/mo |
| 25% down | $3,215.39/mo |
| 30% down | $3,001.03/mo |
| 35% down | $2,786.67/mo |
| 40% down | $2,572.31/mo |
| 45% down | $2,357.95/mo |
| 50% down | $2,143.59/mo |
$898,000 Home at 6%
| 0% down | $5,383.96/mo |
| 5% down | $5,114.77/mo |
| 10% down | $4,845.57/mo |
| 15% down | $4,576.37/mo |
| 20% down | $4,307.17/mo |
| 25% down | $4,037.97/mo |
| 30% down | $3,768.77/mo |
| 35% down | $3,499.58/mo |
| 40% down | $3,230.38/mo |
| 45% down | $2,961.18/mo |
| 50% down | $2,691.98/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.