Use the mortgage calculator to calculate the cost of buying a $904k 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 904,000 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 $904,000 house.
$904,000 Home at 2%
| 0% down | $3,341.36/mo |
| 5% down | $3,174.29/mo |
| 10% down | $3,007.22/mo |
| 15% down | $2,840.16/mo |
| 20% down | $2,673.09/mo |
| 25% down | $2,506.02/mo |
| 30% down | $2,338.95/mo |
| 35% down | $2,171.88/mo |
| 40% down | $2,004.82/mo |
| 45% down | $1,837.75/mo |
| 50% down | $1,670.68/mo |
$904,000 Home at 4%
| 0% down | $4,315.83/mo |
| 5% down | $4,100.04/mo |
| 10% down | $3,884.25/mo |
| 15% down | $3,668.46/mo |
| 20% down | $3,452.67/mo |
| 25% down | $3,236.88/mo |
| 30% down | $3,021.08/mo |
| 35% down | $2,805.29/mo |
| 40% down | $2,589.50/mo |
| 45% down | $2,373.71/mo |
| 50% down | $2,157.92/mo |
$904,000 Home at 6%
| 0% down | $5,419.94/mo |
| 5% down | $5,148.94/mo |
| 10% down | $4,877.94/mo |
| 15% down | $4,606.95/mo |
| 20% down | $4,335.95/mo |
| 25% down | $4,064.95/mo |
| 30% down | $3,793.96/mo |
| 35% down | $3,522.96/mo |
| 40% down | $3,251.96/mo |
| 45% down | $2,980.97/mo |
| 50% down | $2,709.97/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.