Use the mortgage calculator to calculate the cost of buying a $957k 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 957,000 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 $957,000 house.
$957,000 Home at 2%
| 0% down | $3,537.26/mo |
| 5% down | $3,360.40/mo |
| 10% down | $3,183.53/mo |
| 15% down | $3,006.67/mo |
| 20% down | $2,829.81/mo |
| 25% down | $2,652.94/mo |
| 30% down | $2,476.08/mo |
| 35% down | $2,299.22/mo |
| 40% down | $2,122.36/mo |
| 45% down | $1,945.49/mo |
| 50% down | $1,768.63/mo |
$957,000 Home at 4%
| 0% down | $4,568.86/mo |
| 5% down | $4,340.42/mo |
| 10% down | $4,111.98/mo |
| 15% down | $3,883.53/mo |
| 20% down | $3,655.09/mo |
| 25% down | $3,426.65/mo |
| 30% down | $3,198.21/mo |
| 35% down | $2,969.76/mo |
| 40% down | $2,741.32/mo |
| 45% down | $2,512.88/mo |
| 50% down | $2,284.43/mo |
$957,000 Home at 6%
| 0% down | $5,737.70/mo |
| 5% down | $5,450.81/mo |
| 10% down | $5,163.93/mo |
| 15% down | $4,877.04/mo |
| 20% down | $4,590.16/mo |
| 25% down | $4,303.27/mo |
| 30% down | $4,016.39/mo |
| 35% down | $3,729.50/mo |
| 40% down | $3,442.62/mo |
| 45% down | $3,155.73/mo |
| 50% down | $2,868.85/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.