$600 a Month Mortgage

How much mortgage can you get for $600 a month? Calculate home price based on $600 monthly payment.
$
%

With the parameters you selected, \${$pageVals->prettyPayment}/mo will pay for a {$big} home loan.

This does not include the cost of insurance, repairs, taxes, PMI, HSA dues, or other costs.

How expensive of a home can I buy for $600 a month?
This calculates the amount of a mortgage that you can get with a $600 monthly payment. This is calculated based on the monthly payment, interest rate APR, and loan length. Add the down payment to the loan amount to find the total amount of the house that 600/month will afford.
What other costs do I need to consider?
Property Taxes: After the mortgage, your property taxes are usually the biggest expense in a property. Taxes are usually reset to a higher amount after you buy a home. A quick way to estimate your property taxes is to find your local millage rate and multiply by the taxable value of your home. The previous owner typically has a lower taxable value than your purchase price. When the taxable value is reset, your property taxes could increase significantly.
Maintenance: Over time, things break and need to be repaired. Consider these regular costs.
HOA Fees: If you buy a condo, HOA fees can be a large expense and these typically increase over time as the property ages.
Home Insurance: Home insurance is typically not too big of an expense but this can vary by region.
Mortgage Fees: Compare mortgages based on both interest rates and fees. Fees can vary widely based on the mortgage provider.
Down Payment: A standard down payment on a 30 year fixed rate mortgage is 20% of the purchase price however many loan programs offer lower down payments.
Mortgage Amount by Monthly Payment - 30 Year Fixed Mortgage
Payment 3% APR 4% APR 5% APR 6% APR 7% APR
600 / mo 142,314 125,677 111,769 100,075 90,185
605 / mo 143,500 126,724 112,700 100,909 90,936
610 / mo 144,686 127,771 113,632 101,743 91,688
615 / mo 145,871 128,819 114,563 102,577 92,439
620 / mo 147,057 129,866 115,495 103,411 93,191
625 / mo 148,243 130,913 116,426 104,245 93,942
630 / mo 149,429 131,961 117,357 105,079 94,694
635 / mo 150,615 133,008 118,289 105,913 95,445
640 / mo 151,801 134,055 119,220 106,747 96,197
645 / mo 152,987 135,103 120,152 107,581 96,948
650 / mo 154,173 136,150 121,083 108,415 97,700
655 / mo 155,359 137,197 122,014 109,249 98,451
660 / mo 156,545 138,244 122,946 110,082 99,203
665 / mo 157,731 139,292 123,877 110,916 99,955
670 / mo 158,917 140,339 124,809 111,750 100,706
675 / mo 160,103 141,386 125,740 112,584 101,458
680 / mo 161,289 142,434 126,671 113,418 102,209
685 / mo 162,475 143,481 127,603 114,252 102,961
690 / mo 163,661 144,528 128,534 115,086 103,712
695 / mo 164,847 145,576 129,466 115,920 104,464
700 / mo 166,033 146,623 130,397 116,754 105,215
Loan Amount by Rate. 30 year fixed, $600/mo
Interest Rate Mortgage
2.000% 162,329
2.125% 159,616
2.250% 156,967
2.375% 154,379
2.500% 151,852
2.625% 149,384
2.750% 146,972
2.875% 144,616
3.000% 142,314
3.125% 140,064
3.250% 137,866
3.375% 135,717
3.500% 133,617
3.625% 131,564
3.750% 129,557
3.875% 127,595
4.000% 125,677
4.125% 123,801
4.250% 121,966
4.375% 120,172
4.500% 118,417
4.625% 116,700
4.750% 115,020
4.875% 113,377
5.000% 111,769
5.125% 110,195
5.250% 108,656
5.375% 107,148
5.500% 105,673
5.625% 104,229
5.750% 102,815
5.875% 101,431
6.000% 100,075
6.125% 98,747
6.250% 97,447
6.375% 96,174
6.500% 94,926
6.625% 93,704
6.750% 92,507
6.875% 91,334
7.000% 90,185