$617,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $617k 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 617,000 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 $617,000 house.
2% interest
0% down$2,280.55/mo
5% down$2,166.52/mo
10% down$2,052.50/mo
15% down$1,938.47/mo
20% down$1,824.44/mo
25% down$1,710.41/mo
30% down$1,596.39/mo
35% down$1,482.36/mo
40% down$1,368.33/mo
45% down$1,254.30/mo
50% down$1,140.28/mo
4% interest
0% down$2,945.65/mo
5% down$2,798.37/mo
10% down$2,651.09/mo
15% down$2,503.80/mo
20% down$2,356.52/mo
25% down$2,209.24/mo
30% down$2,061.96/mo
35% down$1,914.67/mo
40% down$1,767.39/mo
45% down$1,620.11/mo
50% down$1,472.83/mo
6% interest
0% down$3,699.23/mo
5% down$3,514.27/mo
10% down$3,329.30/mo
15% down$3,144.34/mo
20% down$2,959.38/mo
25% down$2,774.42/mo
30% down$2,589.46/mo
35% down$2,404.50/mo
40% down$2,219.54/mo
45% down$2,034.57/mo
50% down$1,849.61/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 617,000 house with a 20% down payment?
($493,600 loan. 30 year mortgage)
0.25%$1,423.31
0.50%$1,476.80
0.75%$1,531.57
1.00%$1,587.61
1.25%$1,644.93
1.50%$1,703.51
1.75%$1,763.35
2.00%$1,824.44
2.25%$1,886.77
2.50%$1,950.32
2.75%$2,015.08
3.00%$2,081.04
3.25%$2,148.18
3.50%$2,216.48
3.75%$2,285.94
4.00%$2,356.52
4.25%$2,428.22
4.50%$2,501.00
4.75%$2,574.85
5.00%$2,649.75
5.25%$2,725.68
5.50%$2,802.61
5.75%$2,880.52
6.00%$2,959.38
6.25%$3,039.18
6.50%$3,119.89
6.75%$3,201.48
7.00%$3,283.93
7.25%$3,367.22
7.50%$3,451.32
7.75%$3,536.21
8.00%$3,621.86
8.25%$3,708.25
8.50%$3,795.36
8.75%$3,883.15
9.00%$3,971.62
9.25%$4,060.73
9.50%$4,150.46
9.75%$4,240.79
10.00%$4,331.69
10.25%$4,423.16
10.50%$4,515.15
10.75%$4,607.66
11.00%$4,700.67
11.25%$4,794.15
11.50%$4,888.08
11.75%$4,982.45
12.00%$5,077.23