Use the mortgage calculator to calculate the cost of buying a $603k 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 603,000 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 $603,000 house.
$603,000 Home at 2%
| 0% down | $2,228.81/mo |
| 5% down | $2,117.37/mo |
| 10% down | $2,005.92/mo |
| 15% down | $1,894.48/mo |
| 20% down | $1,783.04/mo |
| 25% down | $1,671.60/mo |
| 30% down | $1,560.16/mo |
| 35% down | $1,448.72/mo |
| 40% down | $1,337.28/mo |
| 45% down | $1,225.84/mo |
| 50% down | $1,114.40/mo |
$603,000 Home at 4%
| 0% down | $2,878.81/mo |
| 5% down | $2,734.87/mo |
| 10% down | $2,590.93/mo |
| 15% down | $2,446.99/mo |
| 20% down | $2,303.05/mo |
| 25% down | $2,159.11/mo |
| 30% down | $2,015.17/mo |
| 35% down | $1,871.23/mo |
| 40% down | $1,727.29/mo |
| 45% down | $1,583.35/mo |
| 50% down | $1,439.41/mo |
$603,000 Home at 6%
| 0% down | $3,615.29/mo |
| 5% down | $3,434.53/mo |
| 10% down | $3,253.76/mo |
| 15% down | $3,073.00/mo |
| 20% down | $2,892.23/mo |
| 25% down | $2,711.47/mo |
| 30% down | $2,530.70/mo |
| 35% down | $2,349.94/mo |
| 40% down | $2,169.17/mo |
| 45% down | $1,988.41/mo |
| 50% down | $1,807.64/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.