Use the mortgage calculator to calculate the cost of buying a $976k 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 976,000 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 $976,000 house.
$976,000 Home at 2%
| 0% down | $3,607.49/mo |
| 5% down | $3,427.11/mo |
| 10% down | $3,246.74/mo |
| 15% down | $3,066.36/mo |
| 20% down | $2,885.99/mo |
| 25% down | $2,705.61/mo |
| 30% down | $2,525.24/mo |
| 35% down | $2,344.87/mo |
| 40% down | $2,164.49/mo |
| 45% down | $1,984.12/mo |
| 50% down | $1,803.74/mo |
$976,000 Home at 4%
| 0% down | $4,659.57/mo |
| 5% down | $4,426.59/mo |
| 10% down | $4,193.62/mo |
| 15% down | $3,960.64/mo |
| 20% down | $3,727.66/mo |
| 25% down | $3,494.68/mo |
| 30% down | $3,261.70/mo |
| 35% down | $3,028.72/mo |
| 40% down | $2,795.74/mo |
| 45% down | $2,562.77/mo |
| 50% down | $2,329.79/mo |
$976,000 Home at 6%
| 0% down | $5,851.61/mo |
| 5% down | $5,559.03/mo |
| 10% down | $5,266.45/mo |
| 15% down | $4,973.87/mo |
| 20% down | $4,681.29/mo |
| 25% down | $4,388.71/mo |
| 30% down | $4,096.13/mo |
| 35% down | $3,803.55/mo |
| 40% down | $3,510.97/mo |
| 45% down | $3,218.39/mo |
| 50% down | $2,925.81/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.