$601,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $601k 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 601,000 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 $601,000 house.
2% interest
0% down$2,221.41/mo
5% down$2,110.34/mo
10% down$1,999.27/mo
15% down$1,888.20/mo
20% down$1,777.13/mo
25% down$1,666.06/mo
30% down$1,554.99/mo
35% down$1,443.92/mo
40% down$1,332.85/mo
45% down$1,221.78/mo
50% down$1,110.71/mo
4% interest
0% down$2,869.27/mo
5% down$2,725.80/mo
10% down$2,582.34/mo
15% down$2,438.88/mo
20% down$2,295.41/mo
25% down$2,151.95/mo
30% down$2,008.49/mo
35% down$1,865.02/mo
40% down$1,721.56/mo
45% down$1,578.10/mo
50% down$1,434.63/mo
6% interest
0% down$3,603.30/mo
5% down$3,423.13/mo
10% down$3,242.97/mo
15% down$3,062.80/mo
20% down$2,882.64/mo
25% down$2,702.47/mo
30% down$2,522.31/mo
35% down$2,342.14/mo
40% down$2,161.98/mo
45% down$1,981.81/mo
50% down$1,801.65/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 601,000 house with a 20% down payment?
($480,800 loan. 30 year mortgage)
0.25%$1,386.40
0.50%$1,438.50
0.75%$1,491.85
1.00%$1,546.44
1.25%$1,602.27
1.50%$1,659.34
1.75%$1,717.63
2.00%$1,777.13
2.25%$1,837.84
2.50%$1,899.74
2.75%$1,962.82
3.00%$2,027.07
3.25%$2,092.47
3.50%$2,159.01
3.75%$2,226.66
4.00%$2,295.41
4.25%$2,365.25
4.50%$2,436.14
4.75%$2,508.08
5.00%$2,581.04
5.25%$2,655.00
5.50%$2,729.93
5.75%$2,805.82
6.00%$2,882.64
6.25%$2,960.37
6.50%$3,038.98
6.75%$3,118.46
7.00%$3,198.77
7.25%$3,279.90
7.50%$3,361.82
7.75%$3,444.51
8.00%$3,527.94
8.25%$3,612.09
8.50%$3,696.94
8.75%$3,782.46
9.00%$3,868.63
9.25%$3,955.42
9.50%$4,042.83
9.75%$4,130.81
10.00%$4,219.36
10.25%$4,308.46
10.50%$4,398.07
10.75%$4,488.18
11.00%$4,578.77
11.25%$4,669.82
11.50%$4,761.32
11.75%$4,853.24
12.00%$4,945.57