$585,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $585k 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 585,000 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 $585,000 house.
2% interest
0% down$2,162.27/mo
5% down$2,054.16/mo
10% down$1,946.05/mo
15% down$1,837.93/mo
20% down$1,729.82/mo
25% down$1,621.71/mo
30% down$1,513.59/mo
35% down$1,405.48/mo
40% down$1,297.36/mo
45% down$1,189.25/mo
50% down$1,081.14/mo
4% interest
0% down$2,792.88/mo
5% down$2,653.24/mo
10% down$2,513.59/mo
15% down$2,373.95/mo
20% down$2,234.30/mo
25% down$2,094.66/mo
30% down$1,955.02/mo
35% down$1,815.37/mo
40% down$1,675.73/mo
45% down$1,536.08/mo
50% down$1,396.44/mo
6% interest
0% down$3,507.37/mo
5% down$3,332.00/mo
10% down$3,156.63/mo
15% down$2,981.26/mo
20% down$2,805.90/mo
25% down$2,630.53/mo
30% down$2,455.16/mo
35% down$2,279.79/mo
40% down$2,104.42/mo
45% down$1,929.05/mo
50% down$1,753.69/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 585,000 house with a 20% down payment?
($468,000 loan. 30 year mortgage)
0.25%$1,349.49
0.50%$1,400.21
0.75%$1,452.13
1.00%$1,505.27
1.25%$1,559.62
1.50%$1,615.16
1.75%$1,671.90
2.00%$1,729.82
2.25%$1,788.91
2.50%$1,849.17
2.75%$1,910.57
3.00%$1,973.11
3.25%$2,036.77
3.50%$2,101.53
3.75%$2,167.38
4.00%$2,234.30
4.25%$2,302.28
4.50%$2,371.29
4.75%$2,441.31
5.00%$2,512.33
5.25%$2,584.31
5.50%$2,657.25
5.75%$2,731.12
6.00%$2,805.90
6.25%$2,881.56
6.50%$2,958.08
6.75%$3,035.44
7.00%$3,113.62
7.25%$3,192.58
7.50%$3,272.32
7.75%$3,352.81
8.00%$3,434.02
8.25%$3,515.93
8.50%$3,598.52
8.75%$3,681.76
9.00%$3,765.63
9.25%$3,850.12
9.50%$3,935.20
9.75%$4,020.84
10.00%$4,107.03
10.25%$4,193.75
10.50%$4,280.98
10.75%$4,368.69
11.00%$4,456.87
11.25%$4,545.50
11.50%$4,634.56
11.75%$4,724.04
12.00%$4,813.91