Use the mortgage calculator to calculate the cost of buying a $960k 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 960,000 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 $960,000 house.
$960,000 Home at 2%
| 0% down | $3,548.35/mo |
| 5% down | $3,370.93/mo |
| 10% down | $3,193.51/mo |
| 15% down | $3,016.09/mo |
| 20% down | $2,838.68/mo |
| 25% down | $2,661.26/mo |
| 30% down | $2,483.84/mo |
| 35% down | $2,306.43/mo |
| 40% down | $2,129.01/mo |
| 45% down | $1,951.59/mo |
| 50% down | $1,774.17/mo |
$960,000 Home at 4%
| 0% down | $4,583.19/mo |
| 5% down | $4,354.03/mo |
| 10% down | $4,124.87/mo |
| 15% down | $3,895.71/mo |
| 20% down | $3,666.55/mo |
| 25% down | $3,437.39/mo |
| 30% down | $3,208.23/mo |
| 35% down | $2,979.07/mo |
| 40% down | $2,749.91/mo |
| 45% down | $2,520.75/mo |
| 50% down | $2,291.59/mo |
$960,000 Home at 6%
| 0% down | $5,755.69/mo |
| 5% down | $5,467.90/mo |
| 10% down | $5,180.12/mo |
| 15% down | $4,892.33/mo |
| 20% down | $4,604.55/mo |
| 25% down | $4,316.76/mo |
| 30% down | $4,028.98/mo |
| 35% down | $3,741.20/mo |
| 40% down | $3,453.41/mo |
| 45% down | $3,165.63/mo |
| 50% down | $2,877.84/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.