275/55R20 is 0.33" taller than 245/60R20, a +1.06% change in diameter, inside the 3% range most shops treat as a safe swap.
Ground clearance changes by 0.17" (half the diameter change), and the tire needs 0.17" more room above it.
275/55R20 is 1.18" wider. On the same wheel offset about half of that, 0.59", moves toward the suspension and half toward the fender.
Both fit a 20" wheel; the sidewall is 0.17" taller on 275/55R20.
Details: 245/60R20 in inches · 275/55R20 in inches · change sizes in the calculator