Use the mortgage calculator to calculate the cost of buying a $896k 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 896,000 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 $896,000 house.
$896,000 Home at 2%
| 0% down | $3,311.79/mo |
| 5% down | $3,146.20/mo |
| 10% down | $2,980.61/mo |
| 15% down | $2,815.02/mo |
| 20% down | $2,649.43/mo |
| 25% down | $2,483.84/mo |
| 30% down | $2,318.25/mo |
| 35% down | $2,152.66/mo |
| 40% down | $1,987.07/mo |
| 45% down | $1,821.48/mo |
| 50% down | $1,655.90/mo |
$896,000 Home at 4%
| 0% down | $4,277.64/mo |
| 5% down | $4,063.76/mo |
| 10% down | $3,849.88/mo |
| 15% down | $3,635.99/mo |
| 20% down | $3,422.11/mo |
| 25% down | $3,208.23/mo |
| 30% down | $2,994.35/mo |
| 35% down | $2,780.47/mo |
| 40% down | $2,566.58/mo |
| 45% down | $2,352.70/mo |
| 50% down | $2,138.82/mo |
$896,000 Home at 6%
| 0% down | $5,371.97/mo |
| 5% down | $5,103.37/mo |
| 10% down | $4,834.78/mo |
| 15% down | $4,566.18/mo |
| 20% down | $4,297.58/mo |
| 25% down | $4,028.98/mo |
| 30% down | $3,760.38/mo |
| 35% down | $3,491.78/mo |
| 40% down | $3,223.18/mo |
| 45% down | $2,954.58/mo |
| 50% down | $2,685.99/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.