$878,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $878k 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 878,000 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 $878,000 house.
2% interest
0% down$3,245.26/mo
5% down$3,083.00/mo
10% down$2,920.73/mo
15% down$2,758.47/mo
20% down$2,596.21/mo
25% down$2,433.94/mo
30% down$2,271.68/mo
35% down$2,109.42/mo
40% down$1,947.16/mo
45% down$1,784.89/mo
50% down$1,622.63/mo
4% interest
0% down$4,191.71/mo
5% down$3,982.12/mo
10% down$3,772.54/mo
15% down$3,562.95/mo
20% down$3,353.37/mo
25% down$3,143.78/mo
30% down$2,934.19/mo
35% down$2,724.61/mo
40% down$2,515.02/mo
45% down$2,305.44/mo
50% down$2,095.85/mo
6% interest
0% down$5,264.05/mo
5% down$5,000.85/mo
10% down$4,737.65/mo
15% down$4,474.45/mo
20% down$4,211.24/mo
25% down$3,948.04/mo
30% down$3,684.84/mo
35% down$3,421.63/mo
40% down$3,158.43/mo
45% down$2,895.23/mo
50% down$2,632.03/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 878,000 house with a 20% down payment?
($702,400 loan. 30 year mortgage)
0.25%$2,025.40
0.50%$2,101.51
0.75%$2,179.44
1.00%$2,259.20
1.25%$2,340.76
1.50%$2,424.12
1.75%$2,509.28
2.00%$2,596.21
2.25%$2,684.90
2.50%$2,775.33
2.75%$2,867.49
3.00%$2,961.35
3.25%$3,056.89
3.50%$3,154.09
3.75%$3,252.92
4.00%$3,353.37
4.25%$3,455.39
4.50%$3,558.96
4.75%$3,664.05
5.00%$3,770.64
5.25%$3,878.68
5.50%$3,988.15
5.75%$4,099.02
6.00%$4,211.24
6.25%$4,324.80
6.50%$4,439.65
6.75%$4,555.75
7.00%$4,673.08
7.25%$4,791.61
7.50%$4,911.28
7.75%$5,032.08
8.00%$5,153.96
8.25%$5,276.90
8.50%$5,400.85
8.75%$5,525.78
9.00%$5,651.67
9.25%$5,778.47
9.50%$5,906.16
9.75%$6,034.70
10.00%$6,164.06
10.25%$6,294.22
10.50%$6,425.13
10.75%$6,556.77
11.00%$6,689.12
11.25%$6,822.14
11.50%$6,955.81
11.75%$7,090.09
12.00%$7,224.97