Use the mortgage calculator to calculate the cost of buying a $963k 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 963,000 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 $963,000 house.
$963,000 Home at 2%
| 0% down | $3,559.44/mo |
| 5% down | $3,381.46/mo |
| 10% down | $3,203.49/mo |
| 15% down | $3,025.52/mo |
| 20% down | $2,847.55/mo |
| 25% down | $2,669.58/mo |
| 30% down | $2,491.60/mo |
| 35% down | $2,313.63/mo |
| 40% down | $2,135.66/mo |
| 45% down | $1,957.69/mo |
| 50% down | $1,779.72/mo |
$963,000 Home at 4%
| 0% down | $4,597.51/mo |
| 5% down | $4,367.63/mo |
| 10% down | $4,137.76/mo |
| 15% down | $3,907.88/mo |
| 20% down | $3,678.01/mo |
| 25% down | $3,448.13/mo |
| 30% down | $3,218.26/mo |
| 35% down | $2,988.38/mo |
| 40% down | $2,758.51/mo |
| 45% down | $2,528.63/mo |
| 50% down | $2,298.75/mo |
$963,000 Home at 6%
| 0% down | $5,773.67/mo |
| 5% down | $5,484.99/mo |
| 10% down | $5,196.30/mo |
| 15% down | $4,907.62/mo |
| 20% down | $4,618.94/mo |
| 25% down | $4,330.25/mo |
| 30% down | $4,041.57/mo |
| 35% down | $3,752.89/mo |
| 40% down | $3,464.20/mo |
| 45% down | $3,175.52/mo |
| 50% down | $2,886.84/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.