Use the mortgage calculator to calculate the cost of buying a $871k 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 871,000 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 $871,000 house.
$871,000 Home at 2%
| 0% down | $3,219.39/mo |
| 5% down | $3,058.42/mo |
| 10% down | $2,897.45/mo |
| 15% down | $2,736.48/mo |
| 20% down | $2,575.51/mo |
| 25% down | $2,414.54/mo |
| 30% down | $2,253.57/mo |
| 35% down | $2,092.60/mo |
| 40% down | $1,931.63/mo |
| 45% down | $1,770.66/mo |
| 50% down | $1,609.69/mo |
$871,000 Home at 4%
| 0% down | $4,158.29/mo |
| 5% down | $3,950.37/mo |
| 10% down | $3,742.46/mo |
| 15% down | $3,534.54/mo |
| 20% down | $3,326.63/mo |
| 25% down | $3,118.72/mo |
| 30% down | $2,910.80/mo |
| 35% down | $2,702.89/mo |
| 40% down | $2,494.97/mo |
| 45% down | $2,287.06/mo |
| 50% down | $2,079.14/mo |
$871,000 Home at 6%
| 0% down | $5,222.09/mo |
| 5% down | $4,960.98/mo |
| 10% down | $4,699.88/mo |
| 15% down | $4,438.77/mo |
| 20% down | $4,177.67/mo |
| 25% down | $3,916.56/mo |
| 30% down | $3,655.46/mo |
| 35% down | $3,394.36/mo |
| 40% down | $3,133.25/mo |
| 45% down | $2,872.15/mo |
| 50% down | $2,611.04/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.