$880,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $880k 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 880,000 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 $880,000 house.
2% interest
0% down$3,252.65/mo
5% down$3,090.02/mo
10% down$2,927.39/mo
15% down$2,764.75/mo
20% down$2,602.12/mo
25% down$2,439.49/mo
30% down$2,276.86/mo
35% down$2,114.22/mo
40% down$1,951.59/mo
45% down$1,788.96/mo
50% down$1,626.33/mo
4% interest
0% down$4,201.25/mo
5% down$3,991.19/mo
10% down$3,781.13/mo
15% down$3,571.07/mo
20% down$3,361.00/mo
25% down$3,150.94/mo
30% down$2,940.88/mo
35% down$2,730.82/mo
40% down$2,520.75/mo
45% down$2,310.69/mo
50% down$2,100.63/mo
6% interest
0% down$5,276.04/mo
5% down$5,012.24/mo
10% down$4,748.44/mo
15% down$4,484.64/mo
20% down$4,220.84/mo
25% down$3,957.03/mo
30% down$3,693.23/mo
35% down$3,429.43/mo
40% down$3,165.63/mo
45% down$2,901.82/mo
50% down$2,638.02/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 880,000 house with a 20% down payment?
($704,000 loan. 30 year mortgage)
0.25%$2,030.01
0.50%$2,106.29
0.75%$2,184.41
1.00%$2,264.34
1.25%$2,346.09
1.50%$2,429.65
1.75%$2,514.99
2.00%$2,602.12
2.25%$2,691.01
2.50%$2,781.65
2.75%$2,874.02
3.00%$2,968.09
3.25%$3,063.85
3.50%$3,161.27
3.75%$3,260.33
4.00%$3,361.00
4.25%$3,463.26
4.50%$3,567.06
4.75%$3,672.40
5.00%$3,779.22
5.25%$3,887.51
5.50%$3,997.23
5.75%$4,108.35
6.00%$4,220.84
6.25%$4,334.65
6.50%$4,449.76
6.75%$4,566.13
7.00%$4,683.73
7.25%$4,802.52
7.50%$4,922.47
7.75%$5,043.54
8.00%$5,165.70
8.25%$5,288.92
8.50%$5,413.15
8.75%$5,538.37
9.00%$5,664.54
9.25%$5,791.63
9.50%$5,919.61
9.75%$6,048.45
10.00%$6,178.10
10.25%$6,308.55
10.50%$6,439.76
10.75%$6,571.71
11.00%$6,704.36
11.25%$6,837.68
11.50%$6,971.65
11.75%$7,106.24
12.00%$7,241.43