Use the mortgage calculator to calculate the cost of buying a $883k 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 883,000 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 $883,000 house.
$883,000 Home at 2%
| 0% down | $3,263.74/mo |
| 5% down | $3,100.55/mo |
| 10% down | $2,937.37/mo |
| 15% down | $2,774.18/mo |
| 20% down | $2,610.99/mo |
| 25% down | $2,447.80/mo |
| 30% down | $2,284.62/mo |
| 35% down | $2,121.43/mo |
| 40% down | $1,958.24/mo |
| 45% down | $1,795.06/mo |
| 50% down | $1,631.87/mo |
$883,000 Home at 4%
| 0% down | $4,215.58/mo |
| 5% down | $4,004.80/mo |
| 10% down | $3,794.02/mo |
| 15% down | $3,583.24/mo |
| 20% down | $3,372.46/mo |
| 25% down | $3,161.68/mo |
| 30% down | $2,950.90/mo |
| 35% down | $2,740.13/mo |
| 40% down | $2,529.35/mo |
| 45% down | $2,318.57/mo |
| 50% down | $2,107.79/mo |
$883,000 Home at 6%
| 0% down | $5,294.03/mo |
| 5% down | $5,029.33/mo |
| 10% down | $4,764.63/mo |
| 15% down | $4,499.93/mo |
| 20% down | $4,235.22/mo |
| 25% down | $3,970.52/mo |
| 30% down | $3,705.82/mo |
| 35% down | $3,441.12/mo |
| 40% down | $3,176.42/mo |
| 45% down | $2,911.72/mo |
| 50% down | $2,647.02/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.