$607,000 Mortgage Loan Payments and Costs

$
$
%
years
%

Loan Summary


Use the mortgage calculator to calculate the cost of buying a $607k 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 607,000 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 $607,000 house.
2% interest
0% down$2,243.59/mo
5% down$2,131.41/mo
10% down$2,019.23/mo
15% down$1,907.05/mo
20% down$1,794.87/mo
25% down$1,682.69/mo
30% down$1,570.51/mo
35% down$1,458.33/mo
40% down$1,346.15/mo
45% down$1,233.97/mo
50% down$1,121.80/mo
4% interest
0% down$2,897.91/mo
5% down$2,753.02/mo
10% down$2,608.12/mo
15% down$2,463.22/mo
20% down$2,318.33/mo
25% down$2,173.43/mo
30% down$2,028.54/mo
35% down$1,883.64/mo
40% down$1,738.75/mo
45% down$1,593.85/mo
50% down$1,448.96/mo
6% interest
0% down$3,639.27/mo
5% down$3,457.31/mo
10% down$3,275.34/mo
15% down$3,093.38/mo
20% down$2,911.42/mo
25% down$2,729.45/mo
30% down$2,547.49/mo
35% down$2,365.53/mo
40% down$2,183.56/mo
45% down$2,001.60/mo
50% down$1,819.64/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 607,000 house with a 20% down payment?
($485,600 loan. 30 year mortgage)
0.25%$1,400.24
0.50%$1,452.86
0.75%$1,506.74
1.00%$1,561.88
1.25%$1,618.27
1.50%$1,675.90
1.75%$1,734.77
2.00%$1,794.87
2.25%$1,856.19
2.50%$1,918.71
2.75%$1,982.42
3.00%$2,047.31
3.25%$2,113.36
3.50%$2,180.56
3.75%$2,248.89
4.00%$2,318.33
4.25%$2,388.86
4.50%$2,460.46
4.75%$2,533.12
5.00%$2,606.81
5.25%$2,681.50
5.50%$2,757.18
5.75%$2,833.83
6.00%$2,911.42
6.25%$2,989.92
6.50%$3,069.32
6.75%$3,149.59
7.00%$3,230.71
7.25%$3,312.65
7.50%$3,395.39
7.75%$3,478.90
8.00%$3,563.16
8.25%$3,648.15
8.50%$3,733.84
8.75%$3,820.22
9.00%$3,907.25
9.25%$3,994.91
9.50%$4,083.19
9.75%$4,172.05
10.00%$4,261.49
10.25%$4,351.47
10.50%$4,441.97
10.75%$4,532.99
11.00%$4,624.48
11.25%$4,716.45
11.50%$4,808.86
11.75%$4,901.69
12.00%$4,994.94