Use the mortgage calculator to calculate the cost of buying a $968k 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 968,000 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 $968,000 house.
$968,000 Home at 2%
| 0% down | $3,577.92/mo |
| 5% down | $3,399.02/mo |
| 10% down | $3,220.12/mo |
| 15% down | $3,041.23/mo |
| 20% down | $2,862.33/mo |
| 25% down | $2,683.44/mo |
| 30% down | $2,504.54/mo |
| 35% down | $2,325.65/mo |
| 40% down | $2,146.75/mo |
| 45% down | $1,967.85/mo |
| 50% down | $1,788.96/mo |
$968,000 Home at 4%
| 0% down | $4,621.38/mo |
| 5% down | $4,390.31/mo |
| 10% down | $4,159.24/mo |
| 15% down | $3,928.17/mo |
| 20% down | $3,697.10/mo |
| 25% down | $3,466.04/mo |
| 30% down | $3,234.97/mo |
| 35% down | $3,003.90/mo |
| 40% down | $2,772.83/mo |
| 45% down | $2,541.76/mo |
| 50% down | $2,310.69/mo |
$968,000 Home at 6%
| 0% down | $5,803.65/mo |
| 5% down | $5,513.47/mo |
| 10% down | $5,223.28/mo |
| 15% down | $4,933.10/mo |
| 20% down | $4,642.92/mo |
| 25% down | $4,352.74/mo |
| 30% down | $4,062.55/mo |
| 35% down | $3,772.37/mo |
| 40% down | $3,482.19/mo |
| 45% down | $3,192.01/mo |
| 50% down | $2,901.82/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.