Use the mortgage calculator to calculate the cost of buying a $945k 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 945,000 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 $945,000 house.
$945,000 Home at 2%
| 0% down | $3,492.90/mo |
| 5% down | $3,318.26/mo |
| 10% down | $3,143.61/mo |
| 15% down | $2,968.97/mo |
| 20% down | $2,794.32/mo |
| 25% down | $2,619.68/mo |
| 30% down | $2,445.03/mo |
| 35% down | $2,270.39/mo |
| 40% down | $2,095.74/mo |
| 45% down | $1,921.10/mo |
| 50% down | $1,746.45/mo |
$945,000 Home at 4%
| 0% down | $4,511.57/mo |
| 5% down | $4,286.00/mo |
| 10% down | $4,060.42/mo |
| 15% down | $3,834.84/mo |
| 20% down | $3,609.26/mo |
| 25% down | $3,383.68/mo |
| 30% down | $3,158.10/mo |
| 35% down | $2,932.52/mo |
| 40% down | $2,706.94/mo |
| 45% down | $2,481.37/mo |
| 50% down | $2,255.79/mo |
$945,000 Home at 6%
| 0% down | $5,665.75/mo |
| 5% down | $5,382.46/mo |
| 10% down | $5,099.18/mo |
| 15% down | $4,815.89/mo |
| 20% down | $4,532.60/mo |
| 25% down | $4,249.31/mo |
| 30% down | $3,966.03/mo |
| 35% down | $3,682.74/mo |
| 40% down | $3,399.45/mo |
| 45% down | $3,116.16/mo |
| 50% down | $2,832.88/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.