Question: Can I Afford A 600k House?

How much income do I need for a 600k mortgage?

Income to Afford a $600,000 House

Down Payment3.75%4.50%
$60,000$107,178$117,261
$90,000$101,224$110,747
$120,000$95,269$104,232
$150,000$89,315$97,718

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How much do I need to make to afford a 500k house?

A generally accepted rule of thumb is that your mortgage shouldn’t be more than three times your annual income. So if you make $165,000 in household income, a $500,000 house is the very most you should get.

How much is a 600k mortgage per month?

$600,000 Mortgage Loan Monthly Payments Calculator

Monthly Payment$2,951.64
Total Interest Paid$462,590.16
Total Paid$1,062,590.16
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What is the monthly payment on a $600000 mortgage?

Monthly payments on a $600,000 mortgage

At a 4% fixed interest rate, your monthly mortgage payment on a 30-year mortgage might total $2,864.49 a month, while a 15-year might cost $4,438.13 a month.