Use the mortgage calculator to calculate the cost of buying a $991k 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 991,000 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 $991,000 house.
$991,000 Home at 2%
| 0% down | $3,662.93/mo |
| 5% down | $3,479.78/mo |
| 10% down | $3,296.64/mo |
| 15% down | $3,113.49/mo |
| 20% down | $2,930.34/mo |
| 25% down | $2,747.20/mo |
| 30% down | $2,564.05/mo |
| 35% down | $2,380.90/mo |
| 40% down | $2,197.76/mo |
| 45% down | $2,014.61/mo |
| 50% down | $1,831.46/mo |
$991,000 Home at 4%
| 0% down | $4,731.19/mo |
| 5% down | $4,494.63/mo |
| 10% down | $4,258.07/mo |
| 15% down | $4,021.51/mo |
| 20% down | $3,784.95/mo |
| 25% down | $3,548.39/mo |
| 30% down | $3,311.83/mo |
| 35% down | $3,075.27/mo |
| 40% down | $2,838.71/mo |
| 45% down | $2,602.15/mo |
| 50% down | $2,365.59/mo |
$991,000 Home at 6%
| 0% down | $5,941.55/mo |
| 5% down | $5,644.47/mo |
| 10% down | $5,347.39/mo |
| 15% down | $5,050.31/mo |
| 20% down | $4,753.24/mo |
| 25% down | $4,456.16/mo |
| 30% down | $4,159.08/mo |
| 35% down | $3,862.00/mo |
| 40% down | $3,564.93/mo |
| 45% down | $3,267.85/mo |
| 50% down | $2,970.77/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.