$879,000 Mortgage Loan Payments and Costs

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Loan Summary


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.
2% interest
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
4% interest
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
6% interest
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.
What's the payment on a 879,000 house with a 20% down payment?
($703,200 loan. 30 year mortgage)
0.25%$2,027.70
0.50%$2,103.90
0.75%$2,181.92
1.00%$2,261.77
1.25%$2,343.43
1.50%$2,426.89
1.75%$2,512.14
2.00%$2,599.16
2.25%$2,687.95
2.50%$2,778.49
2.75%$2,870.75
3.00%$2,964.72
3.25%$3,060.37
3.50%$3,157.68
3.75%$3,256.63
4.00%$3,357.18
4.25%$3,459.32
4.50%$3,563.01
4.75%$3,668.22
5.00%$3,774.93
5.25%$3,883.10
5.50%$3,992.69
5.75%$4,103.68
6.00%$4,216.04
6.25%$4,329.72
6.50%$4,444.70
6.75%$4,560.94
7.00%$4,678.41
7.25%$4,797.06
7.50%$4,916.88
7.75%$5,037.81
8.00%$5,159.83
8.25%$5,282.91
8.50%$5,407.00
8.75%$5,532.08
9.00%$5,658.11
9.25%$5,785.05
9.50%$5,912.89
9.75%$6,041.57
10.00%$6,171.08
10.25%$6,301.38
10.50%$6,432.45
10.75%$6,564.24
11.00%$6,696.74
11.25%$6,829.91
11.50%$6,963.73
11.75%$7,098.17
12.00%$7,233.20