$897,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $897k 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 897,000 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 $897,000 house.
2% interest
0% down$3,315.49/mo
5% down$3,149.71/mo
10% down$2,983.94/mo
15% down$2,818.16/mo
20% down$2,652.39/mo
25% down$2,486.62/mo
30% down$2,320.84/mo
35% down$2,155.07/mo
40% down$1,989.29/mo
45% down$1,823.52/mo
50% down$1,657.74/mo
4% interest
0% down$4,282.42/mo
5% down$4,068.29/mo
10% down$3,854.17/mo
15% down$3,640.05/mo
20% down$3,425.93/mo
25% down$3,211.81/mo
30% down$2,997.69/mo
35% down$2,783.57/mo
40% down$2,569.45/mo
45% down$2,355.33/mo
50% down$2,141.21/mo
6% interest
0% down$5,377.97/mo
5% down$5,109.07/mo
10% down$4,840.17/mo
15% down$4,571.27/mo
20% down$4,302.37/mo
25% down$4,033.48/mo
30% down$3,764.58/mo
35% down$3,495.68/mo
40% down$3,226.78/mo
45% down$2,957.88/mo
50% down$2,688.98/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 897,000 house with a 20% down payment?
($717,600 loan. 30 year mortgage)
0.25%$2,069.23
0.50%$2,146.98
0.75%$2,226.61
1.00%$2,308.09
1.25%$2,391.41
1.50%$2,476.58
1.75%$2,563.58
2.00%$2,652.39
2.25%$2,743.00
2.50%$2,835.39
2.75%$2,929.54
3.00%$3,025.43
3.25%$3,123.04
3.50%$3,222.34
3.75%$3,323.32
4.00%$3,425.93
4.25%$3,530.16
4.50%$3,635.97
4.75%$3,743.34
5.00%$3,852.23
5.25%$3,962.61
5.50%$4,074.45
5.75%$4,187.72
6.00%$4,302.37
6.25%$4,418.39
6.50%$4,535.72
6.75%$4,654.34
7.00%$4,774.21
7.25%$4,895.30
7.50%$5,017.56
7.75%$5,140.97
8.00%$5,265.49
8.25%$5,391.09
8.50%$5,517.72
8.75%$5,645.36
9.00%$5,773.97
9.25%$5,903.52
9.50%$6,033.97
9.75%$6,165.29
10.00%$6,297.45
10.25%$6,430.42
10.50%$6,564.17
10.75%$6,698.66
11.00%$6,833.87
11.25%$6,969.77
11.50%$7,106.33
11.75%$7,243.52
12.00%$7,381.32