$888,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $888k 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 888,000 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 $888,000 house.
2% interest
0% down$3,282.22/mo
5% down$3,118.11/mo
10% down$2,954.00/mo
15% down$2,789.89/mo
20% down$2,625.78/mo
25% down$2,461.67/mo
30% down$2,297.55/mo
35% down$2,133.44/mo
40% down$1,969.33/mo
45% down$1,805.22/mo
50% down$1,641.11/mo
4% interest
0% down$4,239.45/mo
5% down$4,027.48/mo
10% down$3,815.50/mo
15% down$3,603.53/mo
20% down$3,391.56/mo
25% down$3,179.59/mo
30% down$2,967.61/mo
35% down$2,755.64/mo
40% down$2,543.67/mo
45% down$2,331.70/mo
50% down$2,119.72/mo
6% interest
0% down$5,324.01/mo
5% down$5,057.81/mo
10% down$4,791.61/mo
15% down$4,525.41/mo
20% down$4,259.21/mo
25% down$3,993.01/mo
30% down$3,726.81/mo
35% down$3,460.61/mo
40% down$3,194.41/mo
45% down$2,928.20/mo
50% down$2,662.00/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 888,000 house with a 20% down payment?
($710,400 loan. 30 year mortgage)
0.25%$2,048.46
0.50%$2,125.44
0.75%$2,204.27
1.00%$2,284.93
1.25%$2,367.42
1.50%$2,451.73
1.75%$2,537.86
2.00%$2,625.78
2.25%$2,715.48
2.50%$2,806.94
2.75%$2,900.15
3.00%$2,995.08
3.25%$3,091.71
3.50%$3,190.01
3.75%$3,289.97
4.00%$3,391.56
4.25%$3,494.74
4.50%$3,599.49
4.75%$3,705.78
5.00%$3,813.58
5.25%$3,922.86
5.50%$4,033.57
5.75%$4,145.70
6.00%$4,259.21
6.25%$4,374.05
6.50%$4,490.21
6.75%$4,607.64
7.00%$4,726.31
7.25%$4,846.18
7.50%$4,967.22
7.75%$5,089.39
8.00%$5,212.66
8.25%$5,337.00
8.50%$5,462.36
8.75%$5,588.72
9.00%$5,716.04
9.25%$5,844.29
9.50%$5,973.43
9.75%$6,103.43
10.00%$6,234.27
10.25%$6,365.90
10.50%$6,498.31
10.75%$6,631.45
11.00%$6,765.31
11.25%$6,899.84
11.50%$7,035.03
11.75%$7,170.85
12.00%$7,307.26