Use the mortgage calculator to calculate the cost of buying a $990k 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 990,000 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 $990,000 house.
$990,000 Home at 2%
| 0% down | $3,659.23/mo |
| 5% down | $3,476.27/mo |
| 10% down | $3,293.31/mo |
| 15% down | $3,110.35/mo |
| 20% down | $2,927.39/mo |
| 25% down | $2,744.42/mo |
| 30% down | $2,561.46/mo |
| 35% down | $2,378.50/mo |
| 40% down | $2,195.54/mo |
| 45% down | $2,012.58/mo |
| 50% down | $1,829.62/mo |
$990,000 Home at 4%
| 0% down | $4,726.41/mo |
| 5% down | $4,490.09/mo |
| 10% down | $4,253.77/mo |
| 15% down | $4,017.45/mo |
| 20% down | $3,781.13/mo |
| 25% down | $3,544.81/mo |
| 30% down | $3,308.49/mo |
| 35% down | $3,072.17/mo |
| 40% down | $2,835.85/mo |
| 45% down | $2,599.53/mo |
| 50% down | $2,363.21/mo |
$990,000 Home at 6%
| 0% down | $5,935.55/mo |
| 5% down | $5,638.77/mo |
| 10% down | $5,342.00/mo |
| 15% down | $5,045.22/mo |
| 20% down | $4,748.44/mo |
| 25% down | $4,451.66/mo |
| 30% down | $4,154.89/mo |
| 35% down | $3,858.11/mo |
| 40% down | $3,561.33/mo |
| 45% down | $3,264.55/mo |
| 50% down | $2,967.78/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.