$600,000 House at 5.00%

What's the monthly mortgage payment on a $600,000 house? Loan price for a $600,000 house with a 5.00% interest rate.
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Monthly payment = $2,577
Total yearly payments = $30,921
Payments by Interest Rate
Interest Rate Payment
4.500% $2,432
4.625% $2,468
4.750% $2,504
4.875% $2,540
5.000% $2,577
5.125% $2,614
5.250% $2,651
5.375% $2,688
5.500% $2,725
Payments by Amount Down
% Down Amount Payment
3.5% $21,000 $3,108
5.0% $30,000 $3,060
7.5% $45,000 $2,979
10% $60,000 $2,899
15% $90,000 $2,738
20% $120,000 $2,577
25% $150,000 $2,416
30% $180,000 $2,255
50% $300,000 $1,610
Payments by Loan Length
Length Payment
10 years $5,091
15 years $3,796
20 years $3,168
30 years $2,577
40 years $2,315
Interest only $2,000

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.

Let's assume that taxes and insurance are 2% of the house price annually. Here's how much you'd have to make to afford a house that costs $600,000 with a 5.00% loan:

% Down Down Payment Income Required
3.5% $21,000 $176,066
5.0% $30,000 $173,995
7.5% $45,000 $170,544
10% $60,000 $167,093
15% $90,000 $160,191
20% $120,000 $153,289
25% $150,000 $146,387
30% $180,000 $139,485
50% $300,000 $111,877