Use the mortgage calculator to calculate the cost of buying a $879k 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 879,000 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 $879,000 house.
$879,000 Home at 2%
| 0% down | $3,248.96/mo |
| 5% down | $3,086.51/mo |
| 10% down | $2,924.06/mo |
| 15% down | $2,761.61/mo |
| 20% down | $2,599.16/mo |
| 25% down | $2,436.72/mo |
| 30% down | $2,274.27/mo |
| 35% down | $2,111.82/mo |
| 40% down | $1,949.37/mo |
| 45% down | $1,786.93/mo |
| 50% down | $1,624.48/mo |
$879,000 Home at 4%
| 0% down | $4,196.48/mo |
| 5% down | $3,986.66/mo |
| 10% down | $3,776.83/mo |
| 15% down | $3,567.01/mo |
| 20% down | $3,357.18/mo |
| 25% down | $3,147.36/mo |
| 30% down | $2,937.54/mo |
| 35% down | $2,727.71/mo |
| 40% down | $2,517.89/mo |
| 45% down | $2,308.06/mo |
| 50% down | $2,098.24/mo |
$879,000 Home at 6%
| 0% down | $5,270.05/mo |
| 5% down | $5,006.55/mo |
| 10% down | $4,743.04/mo |
| 15% down | $4,479.54/mo |
| 20% down | $4,216.04/mo |
| 25% down | $3,952.54/mo |
| 30% down | $3,689.03/mo |
| 35% down | $3,425.53/mo |
| 40% down | $3,162.03/mo |
| 45% down | $2,898.53/mo |
| 50% down | $2,635.02/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.