Use the mortgage calculator to calculate the cost of buying a $925k 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 925,000 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 $925,000 house.
$925,000 Home at 2%
| 0% down | $3,418.98/mo |
| 5% down | $3,248.03/mo |
| 10% down | $3,077.08/mo |
| 15% down | $2,906.13/mo |
| 20% down | $2,735.18/mo |
| 25% down | $2,564.24/mo |
| 30% down | $2,393.29/mo |
| 35% down | $2,222.34/mo |
| 40% down | $2,051.39/mo |
| 45% down | $1,880.44/mo |
| 50% down | $1,709.49/mo |
$925,000 Home at 4%
| 0% down | $4,416.09/mo |
| 5% down | $4,195.29/mo |
| 10% down | $3,974.48/mo |
| 15% down | $3,753.68/mo |
| 20% down | $3,532.87/mo |
| 25% down | $3,312.07/mo |
| 30% down | $3,091.26/mo |
| 35% down | $2,870.46/mo |
| 40% down | $2,649.65/mo |
| 45% down | $2,428.85/mo |
| 50% down | $2,208.05/mo |
$925,000 Home at 6%
| 0% down | $5,545.84/mo |
| 5% down | $5,268.55/mo |
| 10% down | $4,991.26/mo |
| 15% down | $4,713.97/mo |
| 20% down | $4,436.67/mo |
| 25% down | $4,159.38/mo |
| 30% down | $3,882.09/mo |
| 35% down | $3,604.80/mo |
| 40% down | $3,327.51/mo |
| 45% down | $3,050.21/mo |
| 50% down | $2,772.92/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.