Use the mortgage calculator to calculate the cost of buying a $916k 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 916,000 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 $916,000 house.
$916,000 Home at 2%
| 0% down | $3,385.71/mo |
| 5% down | $3,216.43/mo |
| 10% down | $3,047.14/mo |
| 15% down | $2,877.86/mo |
| 20% down | $2,708.57/mo |
| 25% down | $2,539.29/mo |
| 30% down | $2,370.00/mo |
| 35% down | $2,200.71/mo |
| 40% down | $2,031.43/mo |
| 45% down | $1,862.14/mo |
| 50% down | $1,692.86/mo |
$916,000 Home at 4%
| 0% down | $4,373.12/mo |
| 5% down | $4,154.47/mo |
| 10% down | $3,935.81/mo |
| 15% down | $3,717.16/mo |
| 20% down | $3,498.50/mo |
| 25% down | $3,279.84/mo |
| 30% down | $3,061.19/mo |
| 35% down | $2,842.53/mo |
| 40% down | $2,623.87/mo |
| 45% down | $2,405.22/mo |
| 50% down | $2,186.56/mo |
$916,000 Home at 6%
| 0% down | $5,491.88/mo |
| 5% down | $5,217.29/mo |
| 10% down | $4,942.69/mo |
| 15% down | $4,668.10/mo |
| 20% down | $4,393.51/mo |
| 25% down | $4,118.91/mo |
| 30% down | $3,844.32/mo |
| 35% down | $3,569.72/mo |
| 40% down | $3,295.13/mo |
| 45% down | $3,020.54/mo |
| 50% down | $2,745.94/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.