How much is a mortgage on A $600K house?

Calculate the monthly mortgage on a house, condo, or apartment which costs $600k. After a 20% down payment, your loan amount will be $480,000. With a 30-year loan loan at 6.75% interest: Can I afford a $600,000 house? Traditionally, the "28% rule" means a person should not spend more than 28% of their pre-tax income on total housing costs.

How much does a $600000 house cost per month?

Your monthly payment on a $600,000 house will depend on multiple factors, including: For example, let's assume you put 20% of the $600,000 house toward the down payment. The current mortgage rate for buyers with good credit is about 6.5%. With these factors, you'll pay $3,035 monthly for the principal and interest on a $600,000 house.

Do you need a $600000 mortgage to buy a house?

The rapid increase in house prices over the past couple of years means that coming across homes you'll need a $600,000 mortgage to buy isn't uncommon in many parts of the country. With interest rates potentially coming down this year, home buyers could see a little relief soon.