$947,000 Mortgage Loan Payments and Costs

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Loan Summary

Use the mortgage calculator to calculate the cost of buying a $947k 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 947,000 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 $947,000 house.
$947,000 Home at 2%
0% down$3,500.30/mo
5% down$3,325.28/mo
10% down$3,150.27/mo
15% down$2,975.25/mo
20% down$2,800.24/mo
25% down$2,625.22/mo
30% down$2,450.21/mo
35% down$2,275.19/mo
40% down$2,100.18/mo
45% down$1,925.16/mo
50% down$1,750.15/mo
$947,000 Home at 4%
0% down$4,521.12/mo
5% down$4,295.07/mo
10% down$4,069.01/mo
15% down$3,842.95/mo
20% down$3,616.90/mo
25% down$3,390.84/mo
30% down$3,164.79/mo
35% down$2,938.73/mo
40% down$2,712.67/mo
45% down$2,486.62/mo
50% down$2,260.56/mo
$947,000 Home at 6%
0% down$5,677.74/mo
5% down$5,393.86/mo
10% down$5,109.97/mo
15% down$4,826.08/mo
20% down$4,542.19/mo
25% down$4,258.31/mo
30% down$3,974.42/mo
35% down$3,690.53/mo
40% down$3,406.65/mo
45% down$3,122.76/mo
50% down$2,838.87/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 947,000 house with a 20% down payment? ($757,600 loan. 30 year mortgage)
0.25%$2,184.57
0.50%$2,266.66
0.75%$2,350.72
1.00%$2,436.74
1.25%$2,524.71
1.50%$2,614.63
1.75%$2,706.48
2.00%$2,800.24
2.25%$2,895.90
2.50%$2,993.44
2.75%$3,092.84
3.00%$3,194.07
3.25%$3,297.12
3.50%$3,401.96
3.75%$3,508.56
4.00%$3,616.90
4.25%$3,726.94
4.50%$3,838.65
4.75%$3,952.00
5.00%$4,066.96
5.25%$4,183.50
5.50%$4,301.57
5.75%$4,421.15
6.00%$4,542.19
6.25%$4,664.67
6.50%$4,788.55
6.75%$4,913.78
7.00%$5,040.33
7.25%$5,168.17
7.50%$5,297.25
7.75%$5,427.54
8.00%$5,559.00
8.25%$5,691.60
8.50%$5,825.29
8.75%$5,960.04
9.00%$6,095.82
9.25%$6,232.59
9.50%$6,370.31
9.75%$6,508.95
10.00%$6,648.48
10.25%$6,788.86
10.50%$6,930.06
10.75%$7,072.05
11.00%$7,214.80
11.25%$7,358.28
11.50%$7,502.45
11.75%$7,647.29
12.00%$7,792.77