$589,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $589k 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 589,000 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 $589,000 house.
2% interest
0% down$2,177.06/mo
5% down$2,068.21/mo
10% down$1,959.35/mo
15% down$1,850.50/mo
20% down$1,741.65/mo
25% down$1,632.79/mo
30% down$1,523.94/mo
35% down$1,415.09/mo
40% down$1,306.24/mo
45% down$1,197.38/mo
50% down$1,088.53/mo
4% interest
0% down$2,811.98/mo
5% down$2,671.38/mo
10% down$2,530.78/mo
15% down$2,390.18/mo
20% down$2,249.58/mo
25% down$2,108.98/mo
30% down$1,968.38/mo
35% down$1,827.78/mo
40% down$1,687.19/mo
45% down$1,546.59/mo
50% down$1,405.99/mo
6% interest
0% down$3,531.35/mo
5% down$3,354.78/mo
10% down$3,178.22/mo
15% down$3,001.65/mo
20% down$2,825.08/mo
25% down$2,648.51/mo
30% down$2,471.95/mo
35% down$2,295.38/mo
40% down$2,118.81/mo
45% down$1,942.24/mo
50% down$1,765.68/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 589,000 house with a 20% down payment?
($471,200 loan. 30 year mortgage)
0.25%$1,358.72
0.50%$1,409.78
0.75%$1,462.06
1.00%$1,515.57
1.25%$1,570.28
1.50%$1,626.21
1.75%$1,683.33
2.00%$1,741.65
2.25%$1,801.14
2.50%$1,861.81
2.75%$1,923.63
3.00%$1,986.60
3.25%$2,050.69
3.50%$2,115.90
3.75%$2,182.20
4.00%$2,249.58
4.25%$2,318.02
4.50%$2,387.50
4.75%$2,458.00
5.00%$2,529.50
5.25%$2,601.98
5.50%$2,675.42
5.75%$2,749.80
6.00%$2,825.08
6.25%$2,901.26
6.50%$2,978.30
6.75%$3,056.19
7.00%$3,134.91
7.25%$3,214.41
7.50%$3,294.70
7.75%$3,375.73
8.00%$3,457.50
8.25%$3,539.97
8.50%$3,623.12
8.75%$3,706.93
9.00%$3,791.38
9.25%$3,876.45
9.50%$3,962.11
9.75%$4,048.34
10.00%$4,135.12
10.25%$4,222.43
10.50%$4,310.25
10.75%$4,398.56
11.00%$4,487.35
11.25%$4,576.58
11.50%$4,666.25
11.75%$4,756.34
12.00%$4,846.82