Monthly payment on a $600,000 house
$600,000 house · 20% down · 6.5%. Estimated total payment $3,784/month, including property tax and insurance. Change any input below.
Estimated monthly payment
$3,784
$120,000 down · $480,000 loan
What goes into the $3,784 payment
Six-hundred-thousand-dollar homes are typical in many coastal metros. A 20% down payment is $120,000 and the $480,000 loan puts principal and interest above $3,000 a month at 6.5%.
This estimate assumes property tax of 1.1% of the price per year ($6,600), homeowners insurance of $2,400 per year, and no PMI, because the down payment is 20% or more. Actual property tax and insurance vary widely by state and property — swap in your real figures above.
Disclaimer: this is an educational estimate, not a loan offer or financial advice. Lenders calculate escrow, PMI and closing costs their own way; confirm every figure with your loan officer.
Payment breakdown
Method & sources
Principal and interest use the standard fixed-rate amortisation formula. Property tax is estimated as a percentage of the purchase price per year, homeowners insurance as a flat annual amount, private mortgage insurance (PMI) applies only when the down payment is under 20%, and HOA dues are added where the scenario lists them. Real tax bills, insurance quotes and PMI rates depend on your county, lender and credit score.
Disclaimer: results are estimates for educational purposes only and are not financial, tax or legal advice. Verify important figures with a qualified professional or the official source before making decisions.
Page last updated: October 1, 2026
Frequently asked questions
What is the monthly payment on a $600,000 house?
With 20% down ($120,000) on a 30-year loan at 6.5%, the estimated payment is about $3,784 per month: $3,034 principal and interest, $550 property tax, $200 insurance.
How much is the down payment on a $600,000 house at 20%?
20% of $600,000 is $120,000, which leaves a loan of $480,000. A 20% down payment avoids private mortgage insurance.
How much total interest is paid on a $600,000 mortgage?
Over the full 30 years, this loan of $480,000 at 6.5% pays about $612,214 in interest — money on top of repaying the amount borrowed. Extra principal payments reduce it.
Other home price scenarios
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