Use the mortgage calculator to calculate the cost of buying a $948k 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 948,000 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 $948,000 house.
$948,000 Home at 2%
| 0% down | $3,503.99/mo |
| 5% down | $3,328.79/mo |
| 10% down | $3,153.59/mo |
| 15% down | $2,978.39/mo |
| 20% down | $2,803.19/mo |
| 25% down | $2,627.99/mo |
| 30% down | $2,452.79/mo |
| 35% down | $2,277.60/mo |
| 40% down | $2,102.40/mo |
| 45% down | $1,927.20/mo |
| 50% down | $1,752.00/mo |
$948,000 Home at 4%
| 0% down | $4,525.90/mo |
| 5% down | $4,299.60/mo |
| 10% down | $4,073.31/mo |
| 15% down | $3,847.01/mo |
| 20% down | $3,620.72/mo |
| 25% down | $3,394.42/mo |
| 30% down | $3,168.13/mo |
| 35% down | $2,941.83/mo |
| 40% down | $2,715.54/mo |
| 45% down | $2,489.24/mo |
| 50% down | $2,262.95/mo |
$948,000 Home at 6%
| 0% down | $5,683.74/mo |
| 5% down | $5,399.55/mo |
| 10% down | $5,115.37/mo |
| 15% down | $4,831.18/mo |
| 20% down | $4,546.99/mo |
| 25% down | $4,262.80/mo |
| 30% down | $3,978.62/mo |
| 35% down | $3,694.43/mo |
| 40% down | $3,410.24/mo |
| 45% down | $3,126.06/mo |
| 50% down | $2,841.87/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.