Use the mortgage calculator to calculate the cost of buying a $971k 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 971,000 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 $971,000 house.
$971,000 Home at 2%
| 0% down | $3,589.01/mo |
| 5% down | $3,409.55/mo |
| 10% down | $3,230.10/mo |
| 15% down | $3,050.65/mo |
| 20% down | $2,871.20/mo |
| 25% down | $2,691.75/mo |
| 30% down | $2,512.30/mo |
| 35% down | $2,332.85/mo |
| 40% down | $2,153.40/mo |
| 45% down | $1,973.95/mo |
| 50% down | $1,794.50/mo |
$971,000 Home at 4%
| 0% down | $4,635.70/mo |
| 5% down | $4,403.92/mo |
| 10% down | $4,172.13/mo |
| 15% down | $3,940.35/mo |
| 20% down | $3,708.56/mo |
| 25% down | $3,476.78/mo |
| 30% down | $3,244.99/mo |
| 35% down | $3,013.21/mo |
| 40% down | $2,781.42/mo |
| 45% down | $2,549.64/mo |
| 50% down | $2,317.85/mo |
$971,000 Home at 6%
| 0% down | $5,821.64/mo |
| 5% down | $5,530.55/mo |
| 10% down | $5,239.47/mo |
| 15% down | $4,948.39/mo |
| 20% down | $4,657.31/mo |
| 25% down | $4,366.23/mo |
| 30% down | $4,075.14/mo |
| 35% down | $3,784.06/mo |
| 40% down | $3,492.98/mo |
| 45% down | $3,201.90/mo |
| 50% down | $2,910.82/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.