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.
$877,000 Home at 2%
| 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 |
$877,000 Home at 4%
| 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 |
$877,000 Home at 6%
| 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.