Use the mortgage calculator to calculate the cost of buying a $597k 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 597,000 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 $597,000 house.
$597,000 Home at 2%
| 0% down | $2,206.63/mo |
| 5% down | $2,096.30/mo |
| 10% down | $1,985.97/mo |
| 15% down | $1,875.63/mo |
| 20% down | $1,765.30/mo |
| 25% down | $1,654.97/mo |
| 30% down | $1,544.64/mo |
| 35% down | $1,434.31/mo |
| 40% down | $1,323.98/mo |
| 45% down | $1,213.65/mo |
| 50% down | $1,103.31/mo |
$597,000 Home at 4%
| 0% down | $2,850.17/mo |
| 5% down | $2,707.66/mo |
| 10% down | $2,565.15/mo |
| 15% down | $2,422.64/mo |
| 20% down | $2,280.14/mo |
| 25% down | $2,137.63/mo |
| 30% down | $1,995.12/mo |
| 35% down | $1,852.61/mo |
| 40% down | $1,710.10/mo |
| 45% down | $1,567.59/mo |
| 50% down | $1,425.08/mo |
$597,000 Home at 6%
| 0% down | $3,579.32/mo |
| 5% down | $3,400.35/mo |
| 10% down | $3,221.38/mo |
| 15% down | $3,042.42/mo |
| 20% down | $2,863.45/mo |
| 25% down | $2,684.49/mo |
| 30% down | $2,505.52/mo |
| 35% down | $2,326.56/mo |
| 40% down | $2,147.59/mo |
| 45% down | $1,968.62/mo |
| 50% down | $1,789.66/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.