Here's what a $600,000 mortgage costs monthly at today's rates
Mortgage payments on a loan of this size have changed considerably. Here's where they stand using today's rates.
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News this month that the Federal Reserve would continue keeping interest rate cuts paused wasn't surprising, but it was certainly unwelcome for millions of borrowers, homebuyers and owners looking to refinance, especially. Mortgage interest rates last year had declined to their lowest level since 2022 , thanks to an extended Fed rate cut campaign in the final four months of 2025. And mortgage interest rates started 2026, on average, around a full percentage point lower than where they were at the same point a year earlier.
But developments this March have caused rates to rise again. A rise in unemployment , stagnating progress toward lowering inflation and the Fed's rate hold have all caused rates to rise from where they sat in February. And that will complicate the traditional spring homebuying season , especially for those looking to purchase a home for $600,000, a common price in many parts of the country right now. At the same time, rates here may still be low enough to justify taking action, particularly when compared to what was available in recent years.
To better understand your next steps, it helps to know how much a $600,000 mortgage will cost monthly now, calculated using today's rates . That's what we'll break down below.
See how competitive your current mortgage rate offers are here .
Here's what a $600,000 mortgage costs monthly at today's rates