Use the mortgage calculator to calculate the cost of buying a $873k 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 873,000 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 $873,000 house.
$873,000 Home at 2%
| 0% down | $3,226.78/mo |
| 5% down | $3,065.44/mo |
| 10% down | $2,904.10/mo |
| 15% down | $2,742.76/mo |
| 20% down | $2,581.42/mo |
| 25% down | $2,420.08/mo |
| 30% down | $2,258.74/mo |
| 35% down | $2,097.41/mo |
| 40% down | $1,936.07/mo |
| 45% down | $1,774.73/mo |
| 50% down | $1,613.39/mo |
$873,000 Home at 4%
| 0% down | $4,167.84/mo |
| 5% down | $3,959.44/mo |
| 10% down | $3,751.05/mo |
| 15% down | $3,542.66/mo |
| 20% down | $3,334.27/mo |
| 25% down | $3,125.88/mo |
| 30% down | $2,917.48/mo |
| 35% down | $2,709.09/mo |
| 40% down | $2,500.70/mo |
| 45% down | $2,292.31/mo |
| 50% down | $2,083.92/mo |
$873,000 Home at 6%
| 0% down | $5,234.08/mo |
| 5% down | $4,972.37/mo |
| 10% down | $4,710.67/mo |
| 15% down | $4,448.96/mo |
| 20% down | $4,187.26/mo |
| 25% down | $3,925.56/mo |
| 30% down | $3,663.85/mo |
| 35% down | $3,402.15/mo |
| 40% down | $3,140.45/mo |
| 45% down | $2,878.74/mo |
| 50% down | $2,617.04/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.