Use the mortgage calculator to calculate the cost of buying a $595k 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 595,000 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 $595,000 house.
2% interest
| 0% down | $2,199.24/mo |
| 5% down | $2,089.27/mo |
| 10% down | $1,979.31/mo |
| 15% down | $1,869.35/mo |
| 20% down | $1,759.39/mo |
| 25% down | $1,649.43/mo |
| 30% down | $1,539.47/mo |
| 35% down | $1,429.50/mo |
| 40% down | $1,319.54/mo |
| 45% down | $1,209.58/mo |
| 50% down | $1,099.62/mo |
4% interest
| 0% down | $2,840.62/mo |
| 5% down | $2,698.59/mo |
| 10% down | $2,556.56/mo |
| 15% down | $2,414.53/mo |
| 20% down | $2,272.50/mo |
| 25% down | $2,130.47/mo |
| 30% down | $1,988.43/mo |
| 35% down | $1,846.40/mo |
| 40% down | $1,704.37/mo |
| 45% down | $1,562.34/mo |
| 50% down | $1,420.31/mo |
6% interest
| 0% down | $3,567.33/mo |
| 5% down | $3,388.96/mo |
| 10% down | $3,210.59/mo |
| 15% down | $3,032.23/mo |
| 20% down | $2,853.86/mo |
| 25% down | $2,675.49/mo |
| 30% down | $2,497.13/mo |
| 35% down | $2,318.76/mo |
| 40% down | $2,140.40/mo |
| 45% down | $1,962.03/mo |
| 50% down | $1,783.66/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.