Use the mortgage calculator to calculate the cost of buying a $942k 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 942,000 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 $942,000 house.
$942,000 Home at 2%
| 0% down | $3,481.82/mo |
| 5% down | $3,307.72/mo |
| 10% down | $3,133.63/mo |
| 15% down | $2,959.54/mo |
| 20% down | $2,785.45/mo |
| 25% down | $2,611.36/mo |
| 30% down | $2,437.27/mo |
| 35% down | $2,263.18/mo |
| 40% down | $2,089.09/mo |
| 45% down | $1,915.00/mo |
| 50% down | $1,740.91/mo |
$942,000 Home at 4%
| 0% down | $4,497.25/mo |
| 5% down | $4,272.39/mo |
| 10% down | $4,047.53/mo |
| 15% down | $3,822.66/mo |
| 20% down | $3,597.80/mo |
| 25% down | $3,372.94/mo |
| 30% down | $3,148.08/mo |
| 35% down | $2,923.21/mo |
| 40% down | $2,698.35/mo |
| 45% down | $2,473.49/mo |
| 50% down | $2,248.63/mo |
$942,000 Home at 6%
| 0% down | $5,647.77/mo |
| 5% down | $5,365.38/mo |
| 10% down | $5,082.99/mo |
| 15% down | $4,800.60/mo |
| 20% down | $4,518.21/mo |
| 25% down | $4,235.82/mo |
| 30% down | $3,953.44/mo |
| 35% down | $3,671.05/mo |
| 40% down | $3,388.66/mo |
| 45% down | $3,106.27/mo |
| 50% down | $2,823.88/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.