$887,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $887k 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 887,000 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 $887,000 house.
2% interest
0% down$3,278.52/mo
5% down$3,114.60/mo
10% down$2,950.67/mo
15% down$2,786.75/mo
20% down$2,622.82/mo
25% down$2,458.89/mo
30% down$2,294.97/mo
35% down$2,131.04/mo
40% down$1,967.11/mo
45% down$1,803.19/mo
50% down$1,639.26/mo
4% interest
0% down$4,234.67/mo
5% down$4,022.94/mo
10% down$3,811.21/mo
15% down$3,599.47/mo
20% down$3,387.74/mo
25% down$3,176.01/mo
30% down$2,964.27/mo
35% down$2,752.54/mo
40% down$2,540.80/mo
45% down$2,329.07/mo
50% down$2,117.34/mo
6% interest
0% down$5,318.01/mo
5% down$5,052.11/mo
10% down$4,786.21/mo
15% down$4,520.31/mo
20% down$4,254.41/mo
25% down$3,988.51/mo
30% down$3,722.61/mo
35% down$3,456.71/mo
40% down$3,190.81/mo
45% down$2,924.91/mo
50% down$2,659.01/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 887,000 house with a 20% down payment?
($709,600 loan. 30 year mortgage)
0.25%$2,046.16
0.50%$2,123.05
0.75%$2,201.78
1.00%$2,282.35
1.25%$2,364.75
1.50%$2,448.97
1.75%$2,535.00
2.00%$2,622.82
2.25%$2,712.42
2.50%$2,803.78
2.75%$2,896.88
3.00%$2,991.70
3.25%$3,088.22
3.50%$3,186.42
3.75%$3,286.27
4.00%$3,387.74
4.25%$3,490.81
4.50%$3,595.44
4.75%$3,701.61
5.00%$3,809.29
5.25%$3,918.44
5.50%$4,029.03
5.75%$4,141.03
6.00%$4,254.41
6.25%$4,369.13
6.50%$4,485.15
6.75%$4,602.45
7.00%$4,720.99
7.25%$4,840.72
7.50%$4,961.63
7.75%$5,083.66
8.00%$5,206.79
8.25%$5,330.99
8.50%$5,456.21
8.75%$5,582.43
9.00%$5,709.60
9.25%$5,837.70
9.50%$5,966.70
9.75%$6,096.56
10.00%$6,227.25
10.25%$6,358.73
10.50%$6,490.99
10.75%$6,623.98
11.00%$6,757.69
11.25%$6,892.07
11.50%$7,027.11
11.75%$7,162.77
12.00%$7,299.03