Use the mortgage calculator to calculate the cost of buying a $962k 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 962,000 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 $962,000 house.
$962,000 Home at 2%
| 0% down | $3,555.74/mo |
| 5% down | $3,377.95/mo |
| 10% down | $3,200.17/mo |
| 15% down | $3,022.38/mo |
| 20% down | $2,844.59/mo |
| 25% down | $2,666.80/mo |
| 30% down | $2,489.02/mo |
| 35% down | $2,311.23/mo |
| 40% down | $2,133.44/mo |
| 45% down | $1,955.66/mo |
| 50% down | $1,777.87/mo |
$962,000 Home at 4%
| 0% down | $4,592.74/mo |
| 5% down | $4,363.10/mo |
| 10% down | $4,133.46/mo |
| 15% down | $3,903.82/mo |
| 20% down | $3,674.19/mo |
| 25% down | $3,444.55/mo |
| 30% down | $3,214.91/mo |
| 35% down | $2,985.28/mo |
| 40% down | $2,755.64/mo |
| 45% down | $2,526.00/mo |
| 50% down | $2,296.37/mo |
$962,000 Home at 6%
| 0% down | $5,767.68/mo |
| 5% down | $5,479.29/mo |
| 10% down | $5,190.91/mo |
| 15% down | $4,902.52/mo |
| 20% down | $4,614.14/mo |
| 25% down | $4,325.76/mo |
| 30% down | $4,037.37/mo |
| 35% down | $3,748.99/mo |
| 40% down | $3,460.61/mo |
| 45% down | $3,172.22/mo |
| 50% down | $2,883.84/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.