$889,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $889k 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 889,000 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 $889,000 house.
2% interest
0% down$3,285.92/mo
5% down$3,121.62/mo
10% down$2,957.33/mo
15% down$2,793.03/mo
20% down$2,628.73/mo
25% down$2,464.44/mo
30% down$2,300.14/mo
35% down$2,135.85/mo
40% down$1,971.55/mo
45% down$1,807.25/mo
50% down$1,642.96/mo
4% interest
0% down$4,244.22/mo
5% down$4,032.01/mo
10% down$3,819.80/mo
15% down$3,607.59/mo
20% down$3,395.38/mo
25% down$3,183.17/mo
30% down$2,970.96/mo
35% down$2,758.74/mo
40% down$2,546.53/mo
45% down$2,334.32/mo
50% down$2,122.11/mo
6% interest
0% down$5,330.00/mo
5% down$5,063.50/mo
10% down$4,797.00/mo
15% down$4,530.50/mo
20% down$4,264.00/mo
25% down$3,997.50/mo
30% down$3,731.00/mo
35% down$3,464.50/mo
40% down$3,198.00/mo
45% down$2,931.50/mo
50% down$2,665.00/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 889,000 house with a 20% down payment?
($711,200 loan. 30 year mortgage)
0.25%$2,050.77
0.50%$2,127.84
0.75%$2,206.75
1.00%$2,287.50
1.25%$2,370.09
1.50%$2,454.49
1.75%$2,540.72
2.00%$2,628.73
2.25%$2,718.53
2.50%$2,810.10
2.75%$2,903.41
3.00%$2,998.45
3.25%$3,095.19
3.50%$3,193.61
3.75%$3,293.68
4.00%$3,395.38
4.25%$3,498.68
4.50%$3,603.55
4.75%$3,709.96
5.00%$3,817.88
5.25%$3,927.27
5.50%$4,038.12
5.75%$4,150.37
6.00%$4,264.00
6.25%$4,378.98
6.50%$4,495.27
6.75%$4,612.83
7.00%$4,731.63
7.25%$4,851.64
7.50%$4,972.81
7.75%$5,095.12
8.00%$5,218.53
8.25%$5,343.01
8.50%$5,468.51
8.75%$5,595.01
9.00%$5,722.48
9.25%$5,850.87
9.50%$5,980.16
9.75%$6,110.31
10.00%$6,241.29
10.25%$6,373.07
10.50%$6,505.63
10.75%$6,638.92
11.00%$6,772.92
11.25%$6,907.61
11.50%$7,042.95
11.75%$7,178.92
12.00%$7,315.49