Use the mortgage calculator to calculate the cost of buying a $872k 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 872,000 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 $872,000 house.
$872,000 Home at 2%
| 0% down | $3,223.08/mo |
| 5% down | $3,061.93/mo |
| 10% down | $2,900.77/mo |
| 15% down | $2,739.62/mo |
| 20% down | $2,578.47/mo |
| 25% down | $2,417.31/mo |
| 30% down | $2,256.16/mo |
| 35% down | $2,095.00/mo |
| 40% down | $1,933.85/mo |
| 45% down | $1,772.69/mo |
| 50% down | $1,611.54/mo |
$872,000 Home at 4%
| 0% down | $4,163.06/mo |
| 5% down | $3,954.91/mo |
| 10% down | $3,746.76/mo |
| 15% down | $3,538.60/mo |
| 20% down | $3,330.45/mo |
| 25% down | $3,122.30/mo |
| 30% down | $2,914.14/mo |
| 35% down | $2,705.99/mo |
| 40% down | $2,497.84/mo |
| 45% down | $2,289.68/mo |
| 50% down | $2,081.53/mo |
$872,000 Home at 6%
| 0% down | $5,228.08/mo |
| 5% down | $4,966.68/mo |
| 10% down | $4,705.27/mo |
| 15% down | $4,443.87/mo |
| 20% down | $4,182.46/mo |
| 25% down | $3,921.06/mo |
| 30% down | $3,659.66/mo |
| 35% down | $3,398.25/mo |
| 40% down | $3,136.85/mo |
| 45% down | $2,875.44/mo |
| 50% down | $2,614.04/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.