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$600000 (600K) 30-year fixed mortgage. Monthly payment ($3,915.11), amortization table and etc.
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The ideal mortgage amount is $1,000,000 if you can afford it. Back in 2002, a $1 million mortgage cost around $50,000 to $65,000 a year in interest expense given mortgage rates were 5%-6.5% for a 5/1 ARM or a 30-year fixed.
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What will the repayments be on my mortgage? Our mortgage repayment calculator gives you an estimate of what your repayments could be, based on your home loan amount, your loan type and the interest rate you think you’ll be paying.
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Mortgage Costs for a $600,000 Home Monthly Payment Options Here are the monthly payments for a $600,000 home loan based on a down payment and current mortgage rate averages from Freddie Mac as of July 18, 2019.
Some mortgage programs – FHA, for example – qualify borrowers with housing costs up to 31% of their pretax income, and allow total debts up to 43% of pretax income.