$884,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $884k 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 884,000 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 $884,000 house.
2% interest
0% down$3,267.44/mo
5% down$3,104.06/mo
10% down$2,940.69/mo
15% down$2,777.32/mo
20% down$2,613.95/mo
25% down$2,450.58/mo
30% down$2,287.21/mo
35% down$2,123.83/mo
40% down$1,960.46/mo
45% down$1,797.09/mo
50% down$1,633.72/mo
4% interest
0% down$4,220.35/mo
5% down$4,009.33/mo
10% down$3,798.32/mo
15% down$3,587.30/mo
20% down$3,376.28/mo
25% down$3,165.26/mo
30% down$2,954.25/mo
35% down$2,743.23/mo
40% down$2,532.21/mo
45% down$2,321.19/mo
50% down$2,110.18/mo
6% interest
0% down$5,300.03/mo
5% down$5,035.03/mo
10% down$4,770.02/mo
15% down$4,505.02/mo
20% down$4,240.02/mo
25% down$3,975.02/mo
30% down$3,710.02/mo
35% down$3,445.02/mo
40% down$3,180.02/mo
45% down$2,915.01/mo
50% down$2,650.01/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 884,000 house with a 20% down payment?
($707,200 loan. 30 year mortgage)
0.25%$2,039.24
0.50%$2,115.87
0.75%$2,194.34
1.00%$2,274.63
1.25%$2,356.76
1.50%$2,440.69
1.75%$2,526.43
2.00%$2,613.95
2.25%$2,703.24
2.50%$2,794.29
2.75%$2,887.08
3.00%$2,981.58
3.25%$3,077.78
3.50%$3,175.64
3.75%$3,275.15
4.00%$3,376.28
4.25%$3,479.00
4.50%$3,583.28
4.75%$3,689.09
5.00%$3,796.40
5.25%$3,905.18
5.50%$4,015.40
5.75%$4,127.03
6.00%$4,240.02
6.25%$4,354.35
6.50%$4,469.99
6.75%$4,586.89
7.00%$4,705.02
7.25%$4,824.35
7.50%$4,944.85
7.75%$5,066.47
8.00%$5,189.18
8.25%$5,312.96
8.50%$5,437.76
8.75%$5,563.55
9.00%$5,690.29
9.25%$5,817.96
9.50%$5,946.52
9.75%$6,075.94
10.00%$6,206.19
10.25%$6,337.23
10.50%$6,469.04
10.75%$6,601.58
11.00%$6,734.83
11.25%$6,868.76
11.50%$7,003.34
11.75%$7,138.55
12.00%$7,274.35