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$900,000 Mortgage - Live Rates & Monthly Payment
Live wholesale rates for a $900K mortgage, plus a monthly payment table across realistic rate scenarios. No personal info required. Backed by the Loan Factory $2,000 Best Price Guarantee on qualifying loans.
Conventional Loan Facts
- Down payment as low as 3% for first-time homebuyers, 5% for others
- Down payment assistance programs available to fully cover the 3% down payment
- Private Mortgage Insurance (PMI) required below 80% LTV - automatically removed at 78%
- Maximum DTI typically 45%, up to 50% with strong compensating factors
- Minimum credit score generally 620; best rates at 740+
- Available for primary residence, second home, or investment property
- No upfront mortgage insurance premium - only monthly PMI if applicable
Monthly Payment on a $900,000 Mortgage
| Interest rate | 30-year fixed P&I | 15-year fixed P&I |
|---|---|---|
| 5.50% | $5,110 | $7,354 |
| 6.00% | $5,396 | $7,595 |
| 6.50% | $5,689 | $7,840 |
| 7.00% | $5,988 | $8,089 |
| 7.50% | $6,293 | $8,343 |
P&I only - excludes property taxes, homeowners insurance, mortgage insurance, and HOA. Use the live pricer above to see your exact rate and full payment.
$2,000 backstop on this loan size
The Loan Factory $2,000 Best Price Guarantee applies to qualifying fixed-rate Conventional, FHA, and VA loans of $200,000 or higher. A $900,000 loan qualifies. If you close with another lender at a strictly better combination of rate, fees, and mortgage insurance on the same loan, the program pays $2,000.
Frequently Asked Questions
What is the monthly payment on a $900,000 mortgage?+
At 6.5% on a 30-year fixed, a $900,000 mortgage has a principal-and-interest payment of about $5,689. At 7% it is roughly $5,988. The pricer above returns the actual rates available right now - your true payment depends on the rate you lock.
What credit score do I need for a $900,000 mortgage?+
Conventional financing typically requires a 620+ FICO; the best rates kick in at 740+. FHA accepts 580+ (and lower with 10% down). VA has no published minimum but most lenders want 580-620+. The pricer lets you select a FICO bracket so you see exactly what each tier prices into.
How much income do I need for a $900,000 mortgage?+
A common rule is the housing payment should stay under 28% of gross monthly income; total debts under 43%. For a $900,000 loan at 6.5%, expect a P&I of ~$5,689, plus taxes, insurance, and any HOA. Multiply your full payment by ~3.6 to estimate the gross monthly income usually needed.
What down payment do I need for a $900,000 loan?+
Conventional: as little as 3% (first-time buyer) or 5% (general). FHA: 3.5%. VA: 0%. USDA: 0%. Larger down payments lower the rate and remove mortgage insurance. The pricer reflects your selected LTV directly.
Can I see $900,000 mortgage rates without giving personal info?+
Yes. Rate Direct returns live wholesale rates for this loan amount without asking for your name, phone, email, SSN, or credit pull. You only share info when you decide to apply.
Is the $2,000 Best Price Guarantee available on a $900,000 loan?+
Yes - the Loan Factory $2,000 Best Price Guarantee covers qualifying fixed-rate Conventional, FHA, and VA loans of $200,000 or higher. $900,000 qualifies.
Apply for a $900,000 mortgage
Same-day Loan Estimate and pre-approval. Backed by the Loan Factory $2,000 Best Price Guarantee on qualifying loans.
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