$580,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $580k 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 580,000 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 $580,000 house.
2% interest
0% down$2,143.79/mo
5% down$2,036.60/mo
10% down$1,929.41/mo
15% down$1,822.22/mo
20% down$1,715.03/mo
25% down$1,607.84/mo
30% down$1,500.66/mo
35% down$1,393.47/mo
40% down$1,286.28/mo
45% down$1,179.09/mo
50% down$1,071.90/mo
4% interest
0% down$2,769.01/mo
5% down$2,630.56/mo
10% down$2,492.11/mo
15% down$2,353.66/mo
20% down$2,215.21/mo
25% down$2,076.76/mo
30% down$1,938.31/mo
35% down$1,799.86/mo
40% down$1,661.41/mo
45% down$1,522.95/mo
50% down$1,384.50/mo
6% interest
0% down$3,477.39/mo
5% down$3,303.52/mo
10% down$3,129.65/mo
15% down$2,955.78/mo
20% down$2,781.91/mo
25% down$2,608.04/mo
30% down$2,434.18/mo
35% down$2,260.31/mo
40% down$2,086.44/mo
45% down$1,912.57/mo
50% down$1,738.70/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 580,000 house with a 20% down payment?
($464,000 loan. 30 year mortgage)
0.25%$1,337.96
0.50%$1,388.24
0.75%$1,439.72
1.00%$1,492.41
1.25%$1,546.29
1.50%$1,601.36
1.75%$1,657.61
2.00%$1,715.03
2.25%$1,773.62
2.50%$1,833.36
2.75%$1,894.24
3.00%$1,956.24
3.25%$2,019.36
3.50%$2,083.57
3.75%$2,148.86
4.00%$2,215.21
4.25%$2,282.60
4.50%$2,351.02
4.75%$2,420.44
5.00%$2,490.85
5.25%$2,562.23
5.50%$2,634.54
5.75%$2,707.78
6.00%$2,781.91
6.25%$2,856.93
6.50%$2,932.80
6.75%$3,009.50
7.00%$3,087.00
7.25%$3,165.30
7.50%$3,244.36
7.75%$3,324.15
8.00%$3,404.67
8.25%$3,485.88
8.50%$3,567.76
8.75%$3,650.29
9.00%$3,733.45
9.25%$3,817.21
9.50%$3,901.56
9.75%$3,986.48
10.00%$4,071.93
10.25%$4,157.91
10.50%$4,244.39
10.75%$4,331.35
11.00%$4,418.78
11.25%$4,506.65
11.50%$4,594.95
11.75%$4,683.66
12.00%$4,772.76