$602,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $602k 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 602,000 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 $602,000 house.
2% interest
0% down$2,225.11/mo
5% down$2,113.85/mo
10% down$2,002.60/mo
15% down$1,891.34/mo
20% down$1,780.09/mo
25% down$1,668.83/mo
30% down$1,557.58/mo
35% down$1,446.32/mo
40% down$1,335.07/mo
45% down$1,223.81/mo
50% down$1,112.55/mo
4% interest
0% down$2,874.04/mo
5% down$2,730.34/mo
10% down$2,586.64/mo
15% down$2,442.93/mo
20% down$2,299.23/mo
25% down$2,155.53/mo
30% down$2,011.83/mo
35% down$1,868.13/mo
40% down$1,724.42/mo
45% down$1,580.72/mo
50% down$1,437.02/mo
6% interest
0% down$3,609.29/mo
5% down$3,428.83/mo
10% down$3,248.36/mo
15% down$3,067.90/mo
20% down$2,887.44/mo
25% down$2,706.97/mo
30% down$2,526.51/mo
35% down$2,346.04/mo
40% down$2,165.58/mo
45% down$1,985.11/mo
50% down$1,804.65/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 602,000 house with a 20% down payment?
($481,600 loan. 30 year mortgage)
0.25%$1,388.71
0.50%$1,440.90
0.75%$1,494.33
1.00%$1,549.02
1.25%$1,604.94
1.50%$1,662.10
1.75%$1,720.48
2.00%$1,780.09
2.25%$1,840.90
2.50%$1,902.90
2.75%$1,966.09
3.00%$2,030.45
3.25%$2,095.95
3.50%$2,162.60
3.75%$2,230.36
4.00%$2,299.23
4.25%$2,369.18
4.50%$2,440.20
4.75%$2,512.25
5.00%$2,585.33
5.25%$2,659.41
5.50%$2,734.47
5.75%$2,810.49
6.00%$2,887.44
6.25%$2,965.29
6.50%$3,044.04
6.75%$3,123.65
7.00%$3,204.10
7.25%$3,285.36
7.50%$3,367.42
7.75%$3,450.24
8.00%$3,533.81
8.25%$3,618.10
8.50%$3,703.09
8.75%$3,788.75
9.00%$3,875.06
9.25%$3,962.00
9.50%$4,049.55
9.75%$4,137.69
10.00%$4,226.38
10.25%$4,315.62
10.50%$4,405.38
10.75%$4,495.65
11.00%$4,586.39
11.25%$4,677.59
11.50%$4,769.24
11.75%$4,861.32
12.00%$4,953.80