Use the mortgage calculator to calculate the cost of buying a $598k 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 598,000 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 $598,000 house.
$598,000 Home at 2%
| 0% down | $2,210.32/mo |
| 5% down | $2,099.81/mo |
| 10% down | $1,989.29/mo |
| 15% down | $1,878.78/mo |
| 20% down | $1,768.26/mo |
| 25% down | $1,657.74/mo |
| 30% down | $1,547.23/mo |
| 35% down | $1,436.71/mo |
| 40% down | $1,326.19/mo |
| 45% down | $1,215.68/mo |
| 50% down | $1,105.16/mo |
$598,000 Home at 4%
| 0% down | $2,854.94/mo |
| 5% down | $2,712.20/mo |
| 10% down | $2,569.45/mo |
| 15% down | $2,426.70/mo |
| 20% down | $2,283.95/mo |
| 25% down | $2,141.21/mo |
| 30% down | $1,998.46/mo |
| 35% down | $1,855.71/mo |
| 40% down | $1,712.97/mo |
| 45% down | $1,570.22/mo |
| 50% down | $1,427.47/mo |
$598,000 Home at 6%
| 0% down | $3,585.31/mo |
| 5% down | $3,406.05/mo |
| 10% down | $3,226.78/mo |
| 15% down | $3,047.52/mo |
| 20% down | $2,868.25/mo |
| 25% down | $2,688.98/mo |
| 30% down | $2,509.72/mo |
| 35% down | $2,330.45/mo |
| 40% down | $2,151.19/mo |
| 45% down | $1,971.92/mo |
| 50% down | $1,792.66/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.