Use the mortgage calculator to calculate the cost of buying a $609k 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 609,000 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 $609,000 house.
$609,000 Home at 2%
| 0% down | $2,250.98/mo |
| 5% down | $2,138.43/mo |
| 10% down | $2,025.88/mo |
| 15% down | $1,913.34/mo |
| 20% down | $1,800.79/mo |
| 25% down | $1,688.24/mo |
| 30% down | $1,575.69/mo |
| 35% down | $1,463.14/mo |
| 40% down | $1,350.59/mo |
| 45% down | $1,238.04/mo |
| 50% down | $1,125.49/mo |
$609,000 Home at 4%
| 0% down | $2,907.46/mo |
| 5% down | $2,762.09/mo |
| 10% down | $2,616.71/mo |
| 15% down | $2,471.34/mo |
| 20% down | $2,325.97/mo |
| 25% down | $2,180.59/mo |
| 30% down | $2,035.22/mo |
| 35% down | $1,889.85/mo |
| 40% down | $1,744.48/mo |
| 45% down | $1,599.10/mo |
| 50% down | $1,453.73/mo |
$609,000 Home at 6%
| 0% down | $3,651.26/mo |
| 5% down | $3,468.70/mo |
| 10% down | $3,286.14/mo |
| 15% down | $3,103.57/mo |
| 20% down | $2,921.01/mo |
| 25% down | $2,738.45/mo |
| 30% down | $2,555.88/mo |
| 35% down | $2,373.32/mo |
| 40% down | $2,190.76/mo |
| 45% down | $2,008.19/mo |
| 50% down | $1,825.63/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.