Use the mortgage calculator to calculate the cost of buying a $977k 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 977,000 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 $977,000 house.
$977,000 Home at 2%
| 0% down | $3,611.18/mo |
| 5% down | $3,430.62/mo |
| 10% down | $3,250.06/mo |
| 15% down | $3,069.50/mo |
| 20% down | $2,888.95/mo |
| 25% down | $2,708.39/mo |
| 30% down | $2,527.83/mo |
| 35% down | $2,347.27/mo |
| 40% down | $2,166.71/mo |
| 45% down | $1,986.15/mo |
| 50% down | $1,805.59/mo |
$977,000 Home at 4%
| 0% down | $4,664.35/mo |
| 5% down | $4,431.13/mo |
| 10% down | $4,197.91/mo |
| 15% down | $3,964.70/mo |
| 20% down | $3,731.48/mo |
| 25% down | $3,498.26/mo |
| 30% down | $3,265.04/mo |
| 35% down | $3,031.83/mo |
| 40% down | $2,798.61/mo |
| 45% down | $2,565.39/mo |
| 50% down | $2,332.17/mo |
$977,000 Home at 6%
| 0% down | $5,857.61/mo |
| 5% down | $5,564.73/mo |
| 10% down | $5,271.85/mo |
| 15% down | $4,978.97/mo |
| 20% down | $4,686.09/mo |
| 25% down | $4,393.21/mo |
| 30% down | $4,100.33/mo |
| 35% down | $3,807.45/mo |
| 40% down | $3,514.57/mo |
| 45% down | $3,221.68/mo |
| 50% down | $2,928.80/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.