$485,000 Mortgage Loan Payments and Costs

$
$
%
years
%

Loan Summary


Use the mortgage calculator to calculate the cost of buying a $485k home. Change the numbers to see different options. This calc can be used for car loans, debt, real estate, home purchase, etc.
Can I afford a 485,000 dollar house? It depends. In addition to the mortgage payment, a home also has insurance, maintenance, and taxes. Taxes can vary drastically by area. A very rough estimate is to not spend more than 30% of your income on housing.
How do I get a mortgage? A simple first step is to talk to a local banker and fill out a mortgage application. Then consider other offers, either local or online.
How much of a down payment should I make? Here's a little chart that shows monthly payments based on down payment for a $485,000 house.
2% interest
0% down$1,792.65/mo
5% down$1,703.02/mo
10% down$1,613.39/mo
15% down$1,523.76/mo
20% down$1,434.12/mo
25% down$1,344.49/mo
30% down$1,254.86/mo
35% down$1,165.23/mo
40% down$1,075.59/mo
45% down$985.96/mo
50% down$896.33/mo
4% interest
0% down$2,315.46/mo
5% down$2,199.69/mo
10% down$2,083.92/mo
15% down$1,968.14/mo
20% down$1,852.37/mo
25% down$1,736.60/mo
30% down$1,620.82/mo
35% down$1,505.05/mo
40% down$1,389.28/mo
45% down$1,273.51/mo
50% down$1,157.73/mo
6% interest
0% down$2,907.82/mo
5% down$2,762.43/mo
10% down$2,617.04/mo
15% down$2,471.65/mo
20% down$2,326.26/mo
25% down$2,180.87/mo
30% down$2,035.47/mo
35% down$1,890.08/mo
40% down$1,744.69/mo
45% down$1,599.30/mo
50% down$1,453.91/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 485,000 house with a 20% down payment?
($388,000 loan. 30 year mortgage)
0.25%$1,118.81
0.50%$1,160.86
0.75%$1,203.91
1.00%$1,247.96
1.25%$1,293.02
1.50%$1,339.07
1.75%$1,386.10
2.00%$1,434.12
2.25%$1,483.11
2.50%$1,533.07
2.75%$1,583.98
3.00%$1,635.82
3.25%$1,688.60
3.50%$1,742.29
3.75%$1,796.89
4.00%$1,852.37
4.25%$1,908.73
4.50%$1,965.94
4.75%$2,023.99
5.00%$2,082.87
5.25%$2,142.55
5.50%$2,203.02
5.75%$2,264.26
6.00%$2,326.26
6.25%$2,388.98
6.50%$2,452.42
6.75%$2,516.56
7.00%$2,581.37
7.25%$2,646.84
7.50%$2,712.95
7.75%$2,779.68
8.00%$2,847.01
8.25%$2,914.91
8.50%$2,983.38
8.75%$3,052.40
9.00%$3,121.94
9.25%$3,191.98
9.50%$3,262.51
9.75%$3,333.52
10.00%$3,404.98
10.25%$3,476.87
10.50%$3,549.19
10.75%$3,621.91
11.00%$3,695.01
11.25%$3,768.49
11.50%$3,842.33
11.75%$3,916.51
12.00%$3,991.02