Use the mortgage calculator to calculate the cost of buying a $908k 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 908,000 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 $908,000 house.
$908,000 Home at 2%
| 0% down | $3,356.14/mo |
| 5% down | $3,188.34/mo |
| 10% down | $3,020.53/mo |
| 15% down | $2,852.72/mo |
| 20% down | $2,684.92/mo |
| 25% down | $2,517.11/mo |
| 30% down | $2,349.30/mo |
| 35% down | $2,181.49/mo |
| 40% down | $2,013.69/mo |
| 45% down | $1,845.88/mo |
| 50% down | $1,678.07/mo |
$908,000 Home at 4%
| 0% down | $4,334.93/mo |
| 5% down | $4,118.18/mo |
| 10% down | $3,901.44/mo |
| 15% down | $3,684.69/mo |
| 20% down | $3,467.94/mo |
| 25% down | $3,251.20/mo |
| 30% down | $3,034.45/mo |
| 35% down | $2,817.71/mo |
| 40% down | $2,600.96/mo |
| 45% down | $2,384.21/mo |
| 50% down | $2,167.47/mo |
$908,000 Home at 6%
| 0% down | $5,443.92/mo |
| 5% down | $5,171.72/mo |
| 10% down | $4,899.53/mo |
| 15% down | $4,627.33/mo |
| 20% down | $4,355.14/mo |
| 25% down | $4,082.94/mo |
| 30% down | $3,810.74/mo |
| 35% down | $3,538.55/mo |
| 40% down | $3,266.35/mo |
| 45% down | $2,994.16/mo |
| 50% down | $2,721.96/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.