$890,000 Mortgage Loan Payments and Costs

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Loan Summary


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.
2% interest
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
4% interest
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
6% interest
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.
What's the payment on a 890,000 house with a 20% down payment?
($712,000 loan. 30 year mortgage)
0.25%$2,053.08
0.50%$2,130.23
0.75%$2,209.23
1.00%$2,290.07
1.25%$2,372.75
1.50%$2,457.26
1.75%$2,543.57
2.00%$2,631.69
2.25%$2,721.59
2.50%$2,813.26
2.75%$2,906.68
3.00%$3,001.82
3.25%$3,098.67
3.50%$3,197.20
3.75%$3,297.38
4.00%$3,399.20
4.25%$3,502.61
4.50%$3,607.60
4.75%$3,714.13
5.00%$3,822.17
5.25%$3,931.69
5.50%$4,042.66
5.75%$4,155.04
6.00%$4,268.80
6.25%$4,383.91
6.50%$4,500.32
6.75%$4,618.02
7.00%$4,736.95
7.25%$4,857.10
7.50%$4,978.41
7.75%$5,100.86
8.00%$5,224.40
8.25%$5,349.02
8.50%$5,474.66
8.75%$5,601.31
9.00%$5,728.91
9.25%$5,857.45
9.50%$5,986.88
9.75%$6,117.18
10.00%$6,248.31
10.25%$6,380.24
10.50%$6,512.94
10.75%$6,646.39
11.00%$6,780.54
11.25%$6,915.38
11.50%$7,050.88
11.75%$7,187.00
12.00%$7,323.72