Use the mortgage calculator to calculate the cost of buying a $884k 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 884,000 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 $884,000 house.
$884,000 Home at 2%
| 0% down | $3,267.44/mo |
| 5% down | $3,104.06/mo |
| 10% down | $2,940.69/mo |
| 15% down | $2,777.32/mo |
| 20% down | $2,613.95/mo |
| 25% down | $2,450.58/mo |
| 30% down | $2,287.21/mo |
| 35% down | $2,123.83/mo |
| 40% down | $1,960.46/mo |
| 45% down | $1,797.09/mo |
| 50% down | $1,633.72/mo |
$884,000 Home at 4%
| 0% down | $4,220.35/mo |
| 5% down | $4,009.33/mo |
| 10% down | $3,798.32/mo |
| 15% down | $3,587.30/mo |
| 20% down | $3,376.28/mo |
| 25% down | $3,165.26/mo |
| 30% down | $2,954.25/mo |
| 35% down | $2,743.23/mo |
| 40% down | $2,532.21/mo |
| 45% down | $2,321.19/mo |
| 50% down | $2,110.18/mo |
$884,000 Home at 6%
| 0% down | $5,300.03/mo |
| 5% down | $5,035.03/mo |
| 10% down | $4,770.02/mo |
| 15% down | $4,505.02/mo |
| 20% down | $4,240.02/mo |
| 25% down | $3,975.02/mo |
| 30% down | $3,710.02/mo |
| 35% down | $3,445.02/mo |
| 40% down | $3,180.02/mo |
| 45% down | $2,915.01/mo |
| 50% down | $2,650.01/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.