Use the mortgage calculator to calculate the cost of buying a $999k 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 999,000 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 $999,000 house.
$999,000 Home at 2%
| 0% down | $3,692.50/mo |
| 5% down | $3,507.87/mo |
| 10% down | $3,323.25/mo |
| 15% down | $3,138.62/mo |
| 20% down | $2,954.00/mo |
| 25% down | $2,769.37/mo |
| 30% down | $2,584.75/mo |
| 35% down | $2,400.12/mo |
| 40% down | $2,215.50/mo |
| 45% down | $2,030.87/mo |
| 50% down | $1,846.25/mo |
$999,000 Home at 4%
| 0% down | $4,769.38/mo |
| 5% down | $4,530.91/mo |
| 10% down | $4,292.44/mo |
| 15% down | $4,053.97/mo |
| 20% down | $3,815.50/mo |
| 25% down | $3,577.03/mo |
| 30% down | $3,338.57/mo |
| 35% down | $3,100.10/mo |
| 40% down | $2,861.63/mo |
| 45% down | $2,623.16/mo |
| 50% down | $2,384.69/mo |
$999,000 Home at 6%
| 0% down | $5,989.51/mo |
| 5% down | $5,690.03/mo |
| 10% down | $5,390.56/mo |
| 15% down | $5,091.08/mo |
| 20% down | $4,791.61/mo |
| 25% down | $4,492.13/mo |
| 30% down | $4,192.66/mo |
| 35% down | $3,893.18/mo |
| 40% down | $3,593.71/mo |
| 45% down | $3,294.23/mo |
| 50% down | $2,994.75/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.