$883,000 Mortgage Loan Payments and Costs

$
$
%
years
%

Loan Summary


Use the mortgage calculator to calculate the cost of buying a $883k 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 883,000 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 $883,000 house.
2% interest
0% down$3,263.74/mo
5% down$3,100.55/mo
10% down$2,937.37/mo
15% down$2,774.18/mo
20% down$2,610.99/mo
25% down$2,447.80/mo
30% down$2,284.62/mo
35% down$2,121.43/mo
40% down$1,958.24/mo
45% down$1,795.06/mo
50% down$1,631.87/mo
4% interest
0% down$4,215.58/mo
5% down$4,004.80/mo
10% down$3,794.02/mo
15% down$3,583.24/mo
20% down$3,372.46/mo
25% down$3,161.68/mo
30% down$2,950.90/mo
35% down$2,740.13/mo
40% down$2,529.35/mo
45% down$2,318.57/mo
50% down$2,107.79/mo
6% interest
0% down$5,294.03/mo
5% down$5,029.33/mo
10% down$4,764.63/mo
15% down$4,499.93/mo
20% down$4,235.22/mo
25% down$3,970.52/mo
30% down$3,705.82/mo
35% down$3,441.12/mo
40% down$3,176.42/mo
45% down$2,911.72/mo
50% down$2,647.02/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 883,000 house with a 20% down payment?
($706,400 loan. 30 year mortgage)
0.25%$2,036.93
0.50%$2,113.47
0.75%$2,191.85
1.00%$2,272.06
1.25%$2,354.09
1.50%$2,437.93
1.75%$2,523.57
2.00%$2,610.99
2.25%$2,700.19
2.50%$2,791.13
2.75%$2,883.82
3.00%$2,978.21
3.25%$3,074.30
3.50%$3,172.05
3.75%$3,271.45
4.00%$3,372.46
4.25%$3,475.06
4.50%$3,579.23
4.75%$3,684.92
5.00%$3,792.11
5.25%$3,900.77
5.50%$4,010.86
5.75%$4,122.36
6.00%$4,235.22
6.25%$4,349.43
6.50%$4,464.93
6.75%$4,581.70
7.00%$4,699.70
7.25%$4,818.89
7.50%$4,939.25
7.75%$5,060.74
8.00%$5,183.31
8.25%$5,306.95
8.50%$5,431.60
8.75%$5,557.25
9.00%$5,683.85
9.25%$5,811.38
9.50%$5,939.79
9.75%$6,069.07
10.00%$6,199.17
10.25%$6,330.06
10.50%$6,461.72
10.75%$6,594.11
11.00%$6,727.21
11.25%$6,860.99
11.50%$6,995.42
11.75%$7,130.47
12.00%$7,266.12