$877,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $877k 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 877,000 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 $877,000 house.
2% interest
0% down$3,241.56/mo
5% down$3,079.48/mo
10% down$2,917.41/mo
15% down$2,755.33/mo
20% down$2,593.25/mo
25% down$2,431.17/mo
30% down$2,269.09/mo
35% down$2,107.02/mo
40% down$1,944.94/mo
45% down$1,782.86/mo
50% down$1,620.78/mo
4% interest
0% down$4,186.93/mo
5% down$3,977.59/mo
10% down$3,768.24/mo
15% down$3,558.89/mo
20% down$3,349.55/mo
25% down$3,140.20/mo
30% down$2,930.85/mo
35% down$2,721.51/mo
40% down$2,512.16/mo
45% down$2,302.81/mo
50% down$2,093.47/mo
6% interest
0% down$5,258.06/mo
5% down$4,995.16/mo
10% down$4,732.25/mo
15% down$4,469.35/mo
20% down$4,206.45/mo
25% down$3,943.54/mo
30% down$3,680.64/mo
35% down$3,417.74/mo
40% down$3,154.83/mo
45% down$2,891.93/mo
50% down$2,629.03/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 877,000 house with a 20% down payment?
($701,600 loan. 30 year mortgage)
0.25%$2,023.09
0.50%$2,099.11
0.75%$2,176.96
1.00%$2,256.62
1.25%$2,338.09
1.50%$2,421.36
1.75%$2,506.42
2.00%$2,593.25
2.25%$2,681.84
2.50%$2,772.17
2.75%$2,864.22
3.00%$2,957.97
3.25%$3,053.41
3.50%$3,150.50
3.75%$3,249.22
4.00%$3,349.55
4.25%$3,451.45
4.50%$3,554.90
4.75%$3,659.88
5.00%$3,766.34
5.25%$3,874.26
5.50%$3,983.61
5.75%$4,094.35
6.00%$4,206.45
6.25%$4,319.87
6.50%$4,434.59
6.75%$4,550.56
7.00%$4,667.76
7.25%$4,786.15
7.50%$4,905.69
7.75%$5,026.35
8.00%$5,148.09
8.25%$5,270.89
8.50%$5,394.70
8.75%$5,519.49
9.00%$5,645.23
9.25%$5,771.89
9.50%$5,899.43
9.75%$6,027.83
10.00%$6,157.04
10.25%$6,287.05
10.50%$6,417.81
10.75%$6,549.31
11.00%$6,681.50
11.25%$6,814.37
11.50%$6,947.88
11.75%$7,082.02
12.00%$7,216.75