Use the mortgage calculator to calculate the cost of buying a $882k 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 882,000 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 $882,000 house.
$882,000 Home at 2%
| 0% down | $3,260.04/mo |
| 5% down | $3,097.04/mo |
| 10% down | $2,934.04/mo |
| 15% down | $2,771.04/mo |
| 20% down | $2,608.03/mo |
| 25% down | $2,445.03/mo |
| 30% down | $2,282.03/mo |
| 35% down | $2,119.03/mo |
| 40% down | $1,956.03/mo |
| 45% down | $1,793.02/mo |
| 50% down | $1,630.02/mo |
$882,000 Home at 4%
| 0% down | $4,210.80/mo |
| 5% down | $4,000.26/mo |
| 10% down | $3,789.72/mo |
| 15% down | $3,579.18/mo |
| 20% down | $3,368.64/mo |
| 25% down | $3,158.10/mo |
| 30% down | $2,947.56/mo |
| 35% down | $2,737.02/mo |
| 40% down | $2,526.48/mo |
| 45% down | $2,315.94/mo |
| 50% down | $2,105.40/mo |
$882,000 Home at 6%
| 0% down | $5,288.04/mo |
| 5% down | $5,023.63/mo |
| 10% down | $4,759.23/mo |
| 15% down | $4,494.83/mo |
| 20% down | $4,230.43/mo |
| 25% down | $3,966.03/mo |
| 30% down | $3,701.62/mo |
| 35% down | $3,437.22/mo |
| 40% down | $3,172.82/mo |
| 45% down | $2,908.42/mo |
| 50% down | $2,644.02/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.