Use the mortgage calculator to calculate the cost of buying a $608k 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 608,000 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 $608,000 house.
$608,000 Home at 2%
| 0% down | $2,247.29/mo |
| 5% down | $2,134.92/mo |
| 10% down | $2,022.56/mo |
| 15% down | $1,910.19/mo |
| 20% down | $1,797.83/mo |
| 25% down | $1,685.46/mo |
| 30% down | $1,573.10/mo |
| 35% down | $1,460.74/mo |
| 40% down | $1,348.37/mo |
| 45% down | $1,236.01/mo |
| 50% down | $1,123.64/mo |
$608,000 Home at 4%
| 0% down | $2,902.68/mo |
| 5% down | $2,757.55/mo |
| 10% down | $2,612.42/mo |
| 15% down | $2,467.28/mo |
| 20% down | $2,322.15/mo |
| 25% down | $2,177.01/mo |
| 30% down | $2,031.88/mo |
| 35% down | $1,886.75/mo |
| 40% down | $1,741.61/mo |
| 45% down | $1,596.48/mo |
| 50% down | $1,451.34/mo |
$608,000 Home at 6%
| 0% down | $3,645.27/mo |
| 5% down | $3,463.00/mo |
| 10% down | $3,280.74/mo |
| 15% down | $3,098.48/mo |
| 20% down | $2,916.21/mo |
| 25% down | $2,733.95/mo |
| 30% down | $2,551.69/mo |
| 35% down | $2,369.42/mo |
| 40% down | $2,187.16/mo |
| 45% down | $2,004.90/mo |
| 50% down | $1,822.63/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.