Use the mortgage calculator to calculate the cost of buying a $982k 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 982,000 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 $982,000 house.
$982,000 Home at 2%
| 0% down | $3,629.66/mo |
| 5% down | $3,448.18/mo |
| 10% down | $3,266.70/mo |
| 15% down | $3,085.21/mo |
| 20% down | $2,903.73/mo |
| 25% down | $2,722.25/mo |
| 30% down | $2,540.76/mo |
| 35% down | $2,359.28/mo |
| 40% down | $2,177.80/mo |
| 45% down | $1,996.31/mo |
| 50% down | $1,814.83/mo |
$982,000 Home at 4%
| 0% down | $4,688.22/mo |
| 5% down | $4,453.81/mo |
| 10% down | $4,219.40/mo |
| 15% down | $3,984.99/mo |
| 20% down | $3,750.57/mo |
| 25% down | $3,516.16/mo |
| 30% down | $3,281.75/mo |
| 35% down | $3,047.34/mo |
| 40% down | $2,812.93/mo |
| 45% down | $2,578.52/mo |
| 50% down | $2,344.11/mo |
$982,000 Home at 6%
| 0% down | $5,887.59/mo |
| 5% down | $5,593.21/mo |
| 10% down | $5,298.83/mo |
| 15% down | $5,004.45/mo |
| 20% down | $4,710.07/mo |
| 25% down | $4,415.69/mo |
| 30% down | $4,121.31/mo |
| 35% down | $3,826.93/mo |
| 40% down | $3,532.55/mo |
| 45% down | $3,238.17/mo |
| 50% down | $2,943.79/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.