$597,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $597k 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 597,000 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 $597,000 house.
2% interest
0% down$2,206.63/mo
5% down$2,096.30/mo
10% down$1,985.97/mo
15% down$1,875.63/mo
20% down$1,765.30/mo
25% down$1,654.97/mo
30% down$1,544.64/mo
35% down$1,434.31/mo
40% down$1,323.98/mo
45% down$1,213.65/mo
50% down$1,103.31/mo
4% interest
0% down$2,850.17/mo
5% down$2,707.66/mo
10% down$2,565.15/mo
15% down$2,422.64/mo
20% down$2,280.14/mo
25% down$2,137.63/mo
30% down$1,995.12/mo
35% down$1,852.61/mo
40% down$1,710.10/mo
45% down$1,567.59/mo
50% down$1,425.08/mo
6% interest
0% down$3,579.32/mo
5% down$3,400.35/mo
10% down$3,221.38/mo
15% down$3,042.42/mo
20% down$2,863.45/mo
25% down$2,684.49/mo
30% down$2,505.52/mo
35% down$2,326.56/mo
40% down$2,147.59/mo
45% down$1,968.62/mo
50% down$1,789.66/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 597,000 house with a 20% down payment?
($477,600 loan. 30 year mortgage)
0.25%$1,377.18
0.50%$1,428.93
0.75%$1,481.92
1.00%$1,536.15
1.25%$1,591.61
1.50%$1,648.29
1.75%$1,706.19
2.00%$1,765.30
2.25%$1,825.61
2.50%$1,887.10
2.75%$1,949.76
3.00%$2,013.58
3.25%$2,078.55
3.50%$2,144.64
3.75%$2,211.84
4.00%$2,280.14
4.25%$2,349.50
4.50%$2,419.93
4.75%$2,491.39
5.00%$2,563.86
5.25%$2,637.32
5.50%$2,711.76
5.75%$2,787.14
6.00%$2,863.45
6.25%$2,940.67
6.50%$3,018.76
6.75%$3,097.70
7.00%$3,177.48
7.25%$3,258.07
7.50%$3,339.45
7.75%$3,421.58
8.00%$3,504.46
8.25%$3,588.05
8.50%$3,672.33
8.75%$3,757.28
9.00%$3,842.88
9.25%$3,929.10
9.50%$4,015.92
9.75%$4,103.32
10.00%$4,191.28
10.25%$4,279.78
10.50%$4,368.79
10.75%$4,458.31
11.00%$4,548.30
11.25%$4,638.74
11.50%$4,729.63
11.75%$4,820.94
12.00%$4,912.65