$608,000 Mortgage Loan Payments and Costs

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Loan Summary


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.
2% interest
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
4% interest
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
6% interest
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.
What's the payment on a 608,000 house with a 20% down payment?
($486,400 loan. 30 year mortgage)
0.25%$1,402.55
0.50%$1,455.26
0.75%$1,509.23
1.00%$1,564.45
1.25%$1,620.94
1.50%$1,678.66
1.75%$1,737.63
2.00%$1,797.83
2.25%$1,859.25
2.50%$1,921.87
2.75%$1,985.69
3.00%$2,050.68
3.25%$2,116.84
3.50%$2,184.15
3.75%$2,252.59
4.00%$2,322.15
4.25%$2,392.80
4.50%$2,464.52
4.75%$2,537.29
5.00%$2,611.10
5.25%$2,685.92
5.50%$2,761.73
5.75%$2,838.50
6.00%$2,916.21
6.25%$2,994.85
6.50%$3,074.38
6.75%$3,154.78
7.00%$3,236.03
7.25%$3,318.11
7.50%$3,400.98
7.75%$3,484.63
8.00%$3,569.03
8.25%$3,654.16
8.50%$3,740.00
8.75%$3,826.51
9.00%$3,913.68
9.25%$4,001.49
9.50%$4,089.91
9.75%$4,178.93
10.00%$4,268.51
10.25%$4,358.64
10.50%$4,449.29
10.75%$4,540.45
11.00%$4,632.10
11.25%$4,724.22
11.50%$4,816.78
11.75%$4,909.77
12.00%$5,003.17