Use the mortgage calculator to calculate the cost of buying a $902k 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 902,000 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 $902,000 house.
$902,000 Home at 2%
| 0% down | $3,333.97/mo |
| 5% down | $3,167.27/mo |
| 10% down | $3,000.57/mo |
| 15% down | $2,833.87/mo |
| 20% down | $2,667.17/mo |
| 25% down | $2,500.48/mo |
| 30% down | $2,333.78/mo |
| 35% down | $2,167.08/mo |
| 40% down | $2,000.38/mo |
| 45% down | $1,833.68/mo |
| 50% down | $1,666.98/mo |
$902,000 Home at 4%
| 0% down | $4,306.29/mo |
| 5% down | $4,090.97/mo |
| 10% down | $3,875.66/mo |
| 15% down | $3,660.34/mo |
| 20% down | $3,445.03/mo |
| 25% down | $3,229.71/mo |
| 30% down | $3,014.40/mo |
| 35% down | $2,799.09/mo |
| 40% down | $2,583.77/mo |
| 45% down | $2,368.46/mo |
| 50% down | $2,153.14/mo |
$902,000 Home at 6%
| 0% down | $5,407.95/mo |
| 5% down | $5,137.55/mo |
| 10% down | $4,867.15/mo |
| 15% down | $4,596.75/mo |
| 20% down | $4,326.36/mo |
| 25% down | $4,055.96/mo |
| 30% down | $3,785.56/mo |
| 35% down | $3,515.16/mo |
| 40% down | $3,244.77/mo |
| 45% down | $2,974.37/mo |
| 50% down | $2,703.97/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.