$870,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $870k 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 870,000 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 $870,000 house.
2% interest
0% down$3,215.69/mo
5% down$3,054.90/mo
10% down$2,894.12/mo
15% down$2,733.34/mo
20% down$2,572.55/mo
25% down$2,411.77/mo
30% down$2,250.98/mo
35% down$2,090.20/mo
40% down$1,929.41/mo
45% down$1,768.63/mo
50% down$1,607.84/mo
4% interest
0% down$4,153.51/mo
5% down$3,945.84/mo
10% down$3,738.16/mo
15% down$3,530.49/mo
20% down$3,322.81/mo
25% down$3,115.13/mo
30% down$2,907.46/mo
35% down$2,699.78/mo
40% down$2,492.11/mo
45% down$2,284.43/mo
50% down$2,076.76/mo
6% interest
0% down$5,216.09/mo
5% down$4,955.29/mo
10% down$4,694.48/mo
15% down$4,433.68/mo
20% down$4,172.87/mo
25% down$3,912.07/mo
30% down$3,651.26/mo
35% down$3,390.46/mo
40% down$3,129.65/mo
45% down$2,868.85/mo
50% down$2,608.04/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 870,000 house with a 20% down payment?
($696,000 loan. 30 year mortgage)
0.25%$2,006.94
0.50%$2,082.36
0.75%$2,159.58
1.00%$2,238.61
1.25%$2,319.43
1.50%$2,402.04
1.75%$2,486.41
2.00%$2,572.55
2.25%$2,660.43
2.50%$2,750.04
2.75%$2,841.36
3.00%$2,934.36
3.25%$3,029.04
3.50%$3,125.35
3.75%$3,223.28
4.00%$3,322.81
4.25%$3,423.90
4.50%$3,526.53
4.75%$3,630.67
5.00%$3,736.28
5.25%$3,843.34
5.50%$3,951.81
5.75%$4,061.67
6.00%$4,172.87
6.25%$4,285.39
6.50%$4,399.19
6.75%$4,514.24
7.00%$4,630.51
7.25%$4,747.95
7.50%$4,866.53
7.75%$4,986.23
8.00%$5,107.00
8.25%$5,228.82
8.50%$5,351.64
8.75%$5,475.43
9.00%$5,600.17
9.25%$5,725.82
9.50%$5,852.35
9.75%$5,979.71
10.00%$6,107.90
10.25%$6,236.87
10.50%$6,366.59
10.75%$6,497.03
11.00%$6,628.17
11.25%$6,759.98
11.50%$6,892.43
11.75%$7,025.49
12.00%$7,159.14