$875,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $875k 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 875,000 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 $875,000 house.
2% interest
0% down$3,234.17/mo
5% down$3,072.46/mo
10% down$2,910.75/mo
15% down$2,749.04/mo
20% down$2,587.34/mo
25% down$2,425.63/mo
30% down$2,263.92/mo
35% down$2,102.21/mo
40% down$1,940.50/mo
45% down$1,778.79/mo
50% down$1,617.09/mo
4% interest
0% down$4,177.38/mo
5% down$3,968.51/mo
10% down$3,759.65/mo
15% down$3,550.78/mo
20% down$3,341.91/mo
25% down$3,133.04/mo
30% down$2,924.17/mo
35% down$2,715.30/mo
40% down$2,506.43/mo
45% down$2,297.56/mo
50% down$2,088.69/mo
6% interest
0% down$5,246.07/mo
5% down$4,983.76/mo
10% down$4,721.46/mo
15% down$4,459.16/mo
20% down$4,196.85/mo
25% down$3,934.55/mo
30% down$3,672.25/mo
35% down$3,409.94/mo
40% down$3,147.64/mo
45% down$2,885.34/mo
50% down$2,623.03/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 875,000 house with a 20% down payment?
($700,000 loan. 30 year mortgage)
0.25%$2,018.47
0.50%$2,094.33
0.75%$2,172.00
1.00%$2,251.48
1.25%$2,332.76
1.50%$2,415.84
1.75%$2,500.70
2.00%$2,587.34
2.25%$2,675.72
2.50%$2,765.85
2.75%$2,857.69
3.00%$2,951.23
3.25%$3,046.44
3.50%$3,143.31
3.75%$3,241.81
4.00%$3,341.91
4.25%$3,443.58
4.50%$3,546.80
4.75%$3,651.53
5.00%$3,757.75
5.25%$3,865.43
5.50%$3,974.52
5.75%$4,085.01
6.00%$4,196.85
6.25%$4,310.02
6.50%$4,424.48
6.75%$4,540.19
7.00%$4,657.12
7.25%$4,775.23
7.50%$4,894.50
7.75%$5,014.89
8.00%$5,136.35
8.25%$5,258.87
8.50%$5,382.39
8.75%$5,506.90
9.00%$5,632.36
9.25%$5,758.73
9.50%$5,885.98
9.75%$6,014.08
10.00%$6,143.00
10.25%$6,272.71
10.50%$6,403.18
10.75%$6,534.37
11.00%$6,666.26
11.25%$6,798.83
11.50%$6,932.04
11.75%$7,065.87
12.00%$7,200.29