$848,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $848k 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 848,000 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 $848,000 house.
2% interest
0% down$3,134.37/mo
5% down$2,977.65/mo
10% down$2,820.94/mo
15% down$2,664.22/mo
20% down$2,507.50/mo
25% down$2,350.78/mo
30% down$2,194.06/mo
35% down$2,037.34/mo
40% down$1,880.62/mo
45% down$1,723.91/mo
50% down$1,567.19/mo
4% interest
0% down$4,048.48/mo
5% down$3,846.06/mo
10% down$3,643.63/mo
15% down$3,441.21/mo
20% down$3,238.79/mo
25% down$3,036.36/mo
30% down$2,833.94/mo
35% down$2,631.51/mo
40% down$2,429.09/mo
45% down$2,226.66/mo
50% down$2,024.24/mo
6% interest
0% down$5,084.19/mo
5% down$4,829.98/mo
10% down$4,575.77/mo
15% down$4,321.56/mo
20% down$4,067.35/mo
25% down$3,813.14/mo
30% down$3,558.93/mo
35% down$3,304.72/mo
40% down$3,050.51/mo
45% down$2,796.30/mo
50% down$2,542.09/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 848,000 house with a 20% down payment?
($678,400 loan. 30 year mortgage)
0.25%$1,956.19
0.50%$2,029.70
0.75%$2,104.97
1.00%$2,182.00
1.25%$2,260.78
1.50%$2,341.30
1.75%$2,423.54
2.00%$2,507.50
2.25%$2,593.16
2.50%$2,680.50
2.75%$2,769.51
3.00%$2,860.16
3.25%$2,952.44
3.50%$3,046.32
3.75%$3,141.78
4.00%$3,238.79
4.25%$3,337.32
4.50%$3,437.35
4.75%$3,538.86
5.00%$3,641.80
5.25%$3,746.15
5.50%$3,851.88
5.75%$3,958.96
6.00%$4,067.35
6.25%$4,177.03
6.50%$4,287.95
6.75%$4,400.09
7.00%$4,513.41
7.25%$4,627.88
7.50%$4,743.47
7.75%$4,860.14
8.00%$4,977.86
8.25%$5,096.59
8.50%$5,216.31
8.75%$5,336.98
9.00%$5,458.56
9.25%$5,581.03
9.50%$5,704.35
9.75%$5,828.50
10.00%$5,953.45
10.25%$6,079.15
10.50%$6,205.59
10.75%$6,332.74
11.00%$6,460.56
11.25%$6,589.04
11.50%$6,718.14
11.75%$6,847.84
12.00%$6,978.11