Use the mortgage calculator to calculate the cost of buying a $983k 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 983,000 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 $983,000 house.
$983,000 Home at 2%
| 0% down | $3,633.36/mo |
| 5% down | $3,451.69/mo |
| 10% down | $3,270.02/mo |
| 15% down | $3,088.36/mo |
| 20% down | $2,906.69/mo |
| 25% down | $2,725.02/mo |
| 30% down | $2,543.35/mo |
| 35% down | $2,361.68/mo |
| 40% down | $2,180.02/mo |
| 45% down | $1,998.35/mo |
| 50% down | $1,816.68/mo |
$983,000 Home at 4%
| 0% down | $4,692.99/mo |
| 5% down | $4,458.34/mo |
| 10% down | $4,223.69/mo |
| 15% down | $3,989.04/mo |
| 20% down | $3,754.39/mo |
| 25% down | $3,519.74/mo |
| 30% down | $3,285.09/mo |
| 35% down | $3,050.45/mo |
| 40% down | $2,815.80/mo |
| 45% down | $2,581.15/mo |
| 50% down | $2,346.50/mo |
$983,000 Home at 6%
| 0% down | $5,893.58/mo |
| 5% down | $5,598.90/mo |
| 10% down | $5,304.22/mo |
| 15% down | $5,009.54/mo |
| 20% down | $4,714.87/mo |
| 25% down | $4,420.19/mo |
| 30% down | $4,125.51/mo |
| 35% down | $3,830.83/mo |
| 40% down | $3,536.15/mo |
| 45% down | $3,241.47/mo |
| 50% down | $2,946.79/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.