Use the mortgage calculator to calculate the cost of buying a $607k 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 607,000 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 $607,000 house.
$607,000 Home at 2%
| 0% down | $2,243.59/mo |
| 5% down | $2,131.41/mo |
| 10% down | $2,019.23/mo |
| 15% down | $1,907.05/mo |
| 20% down | $1,794.87/mo |
| 25% down | $1,682.69/mo |
| 30% down | $1,570.51/mo |
| 35% down | $1,458.33/mo |
| 40% down | $1,346.15/mo |
| 45% down | $1,233.97/mo |
| 50% down | $1,121.80/mo |
$607,000 Home at 4%
| 0% down | $2,897.91/mo |
| 5% down | $2,753.02/mo |
| 10% down | $2,608.12/mo |
| 15% down | $2,463.22/mo |
| 20% down | $2,318.33/mo |
| 25% down | $2,173.43/mo |
| 30% down | $2,028.54/mo |
| 35% down | $1,883.64/mo |
| 40% down | $1,738.75/mo |
| 45% down | $1,593.85/mo |
| 50% down | $1,448.96/mo |
$607,000 Home at 6%
| 0% down | $3,639.27/mo |
| 5% down | $3,457.31/mo |
| 10% down | $3,275.34/mo |
| 15% down | $3,093.38/mo |
| 20% down | $2,911.42/mo |
| 25% down | $2,729.45/mo |
| 30% down | $2,547.49/mo |
| 35% down | $2,365.53/mo |
| 40% down | $2,183.56/mo |
| 45% down | $2,001.60/mo |
| 50% down | $1,819.64/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.