Use the mortgage calculator to calculate the cost of buying a $920k 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 920,000 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 $920,000 house.
$920,000 Home at 2%
| 0% down | $3,400.50/mo |
| 5% down | $3,230.47/mo |
| 10% down | $3,060.45/mo |
| 15% down | $2,890.42/mo |
| 20% down | $2,720.40/mo |
| 25% down | $2,550.37/mo |
| 30% down | $2,380.35/mo |
| 35% down | $2,210.32/mo |
| 40% down | $2,040.30/mo |
| 45% down | $1,870.27/mo |
| 50% down | $1,700.25/mo |
$920,000 Home at 4%
| 0% down | $4,392.22/mo |
| 5% down | $4,172.61/mo |
| 10% down | $3,953.00/mo |
| 15% down | $3,733.39/mo |
| 20% down | $3,513.78/mo |
| 25% down | $3,294.17/mo |
| 30% down | $3,074.55/mo |
| 35% down | $2,854.94/mo |
| 40% down | $2,635.33/mo |
| 45% down | $2,415.72/mo |
| 50% down | $2,196.11/mo |
$920,000 Home at 6%
| 0% down | $5,515.86/mo |
| 5% down | $5,240.07/mo |
| 10% down | $4,964.28/mo |
| 15% down | $4,688.49/mo |
| 20% down | $4,412.69/mo |
| 25% down | $4,136.90/mo |
| 30% down | $3,861.11/mo |
| 35% down | $3,585.31/mo |
| 40% down | $3,309.52/mo |
| 45% down | $3,033.73/mo |
| 50% down | $2,757.93/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.