$605,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $605k 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 605,000 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 $605,000 house.
2% interest
0% down$2,236.20/mo
5% down$2,124.39/mo
10% down$2,012.58/mo
15% down$1,900.77/mo
20% down$1,788.96/mo
25% down$1,677.15/mo
30% down$1,565.34/mo
35% down$1,453.53/mo
40% down$1,341.72/mo
45% down$1,229.91/mo
50% down$1,118.10/mo
4% interest
0% down$2,888.36/mo
5% down$2,743.94/mo
10% down$2,599.53/mo
15% down$2,455.11/mo
20% down$2,310.69/mo
25% down$2,166.27/mo
30% down$2,021.85/mo
35% down$1,877.44/mo
40% down$1,733.02/mo
45% down$1,588.60/mo
50% down$1,444.18/mo
6% interest
0% down$3,627.28/mo
5% down$3,445.92/mo
10% down$3,264.55/mo
15% down$3,083.19/mo
20% down$2,901.82/mo
25% down$2,720.46/mo
30% down$2,539.10/mo
35% down$2,357.73/mo
40% down$2,176.37/mo
45% down$1,995.00/mo
50% down$1,813.64/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 605,000 house with a 20% down payment?
($484,000 loan. 30 year mortgage)
0.25%$1,395.63
0.50%$1,448.08
0.75%$1,501.78
1.00%$1,556.74
1.25%$1,612.94
1.50%$1,670.38
1.75%$1,729.06
2.00%$1,788.96
2.25%$1,850.07
2.50%$1,912.39
2.75%$1,975.89
3.00%$2,040.56
3.25%$2,106.40
3.50%$2,173.38
3.75%$2,241.48
4.00%$2,310.69
4.25%$2,380.99
4.50%$2,452.36
4.75%$2,524.77
5.00%$2,598.22
5.25%$2,672.67
5.50%$2,748.10
5.75%$2,824.49
6.00%$2,901.82
6.25%$2,980.07
6.50%$3,059.21
6.75%$3,139.21
7.00%$3,220.06
7.25%$3,301.73
7.50%$3,384.20
7.75%$3,467.44
8.00%$3,551.42
8.25%$3,636.13
8.50%$3,721.54
8.75%$3,807.63
9.00%$3,894.37
9.25%$3,981.75
9.50%$4,069.73
9.75%$4,158.31
10.00%$4,247.45
10.25%$4,337.13
10.50%$4,427.34
10.75%$4,518.05
11.00%$4,609.25
11.25%$4,700.91
11.50%$4,793.01
11.75%$4,885.54
12.00%$4,978.48