Use the mortgage calculator to calculate the cost of buying a $890k 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 890,000 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 $890,000 house.
$890,000 Home at 2%
| 0% down | $3,289.61/mo |
| 5% down | $3,125.13/mo |
| 10% down | $2,960.65/mo |
| 15% down | $2,796.17/mo |
| 20% down | $2,631.69/mo |
| 25% down | $2,467.21/mo |
| 30% down | $2,302.73/mo |
| 35% down | $2,138.25/mo |
| 40% down | $1,973.77/mo |
| 45% down | $1,809.29/mo |
| 50% down | $1,644.81/mo |
$890,000 Home at 4%
| 0% down | $4,249.00/mo |
| 5% down | $4,036.55/mo |
| 10% down | $3,824.10/mo |
| 15% down | $3,611.65/mo |
| 20% down | $3,399.20/mo |
| 25% down | $3,186.75/mo |
| 30% down | $2,974.30/mo |
| 35% down | $2,761.85/mo |
| 40% down | $2,549.40/mo |
| 45% down | $2,336.95/mo |
| 50% down | $2,124.50/mo |
$890,000 Home at 6%
| 0% down | $5,336.00/mo |
| 5% down | $5,069.20/mo |
| 10% down | $4,802.40/mo |
| 15% down | $4,535.60/mo |
| 20% down | $4,268.80/mo |
| 25% down | $4,002.00/mo |
| 30% down | $3,735.20/mo |
| 35% down | $3,468.40/mo |
| 40% down | $3,201.60/mo |
| 45% down | $2,934.80/mo |
| 50% down | $2,668.00/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.