Use the mortgage calculator to calculate the cost of buying a $989k 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 989,000 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 $989,000 house.
$989,000 Home at 2%
| 0% down | $3,655.54/mo |
| 5% down | $3,472.76/mo |
| 10% down | $3,289.98/mo |
| 15% down | $3,107.21/mo |
| 20% down | $2,924.43/mo |
| 25% down | $2,741.65/mo |
| 30% down | $2,558.88/mo |
| 35% down | $2,376.10/mo |
| 40% down | $2,193.32/mo |
| 45% down | $2,010.55/mo |
| 50% down | $1,827.77/mo |
$989,000 Home at 4%
| 0% down | $4,721.64/mo |
| 5% down | $4,485.56/mo |
| 10% down | $4,249.47/mo |
| 15% down | $4,013.39/mo |
| 20% down | $3,777.31/mo |
| 25% down | $3,541.23/mo |
| 30% down | $3,305.15/mo |
| 35% down | $3,069.06/mo |
| 40% down | $2,832.98/mo |
| 45% down | $2,596.90/mo |
| 50% down | $2,360.82/mo |
$989,000 Home at 6%
| 0% down | $5,929.55/mo |
| 5% down | $5,633.08/mo |
| 10% down | $5,336.60/mo |
| 15% down | $5,040.12/mo |
| 20% down | $4,743.64/mo |
| 25% down | $4,447.17/mo |
| 30% down | $4,150.69/mo |
| 35% down | $3,854.21/mo |
| 40% down | $3,557.73/mo |
| 45% down | $3,261.26/mo |
| 50% down | $2,964.78/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.