$489,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $489k 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 489,000 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 $489,000 house.
2% interest
0% down$1,807.44/mo
5% down$1,717.07/mo
10% down$1,626.70/mo
15% down$1,536.32/mo
20% down$1,445.95/mo
25% down$1,355.58/mo
30% down$1,265.21/mo
35% down$1,174.84/mo
40% down$1,084.46/mo
45% down$994.09/mo
50% down$903.72/mo
4% interest
0% down$2,334.56/mo
5% down$2,217.83/mo
10% down$2,101.10/mo
15% down$1,984.38/mo
20% down$1,867.65/mo
25% down$1,750.92/mo
30% down$1,634.19/mo
35% down$1,517.46/mo
40% down$1,400.74/mo
45% down$1,284.01/mo
50% down$1,167.28/mo
6% interest
0% down$2,931.80/mo
5% down$2,785.21/mo
10% down$2,638.62/mo
15% down$2,492.03/mo
20% down$2,345.44/mo
25% down$2,198.85/mo
30% down$2,052.26/mo
35% down$1,905.67/mo
40% down$1,759.08/mo
45% down$1,612.49/mo
50% down$1,465.90/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 489,000 house with a 20% down payment?
($391,200 loan. 30 year mortgage)
0.25%$1,128.04
0.50%$1,170.43
0.75%$1,213.84
1.00%$1,258.25
1.25%$1,303.68
1.50%$1,350.11
1.75%$1,397.54
2.00%$1,445.95
2.25%$1,495.35
2.50%$1,545.71
2.75%$1,597.04
3.00%$1,649.31
3.25%$1,702.53
3.50%$1,756.66
3.75%$1,811.71
4.00%$1,867.65
4.25%$1,924.47
4.50%$1,982.15
4.75%$2,040.68
5.00%$2,100.05
5.25%$2,160.22
5.50%$2,221.19
5.75%$2,282.94
6.00%$2,345.44
6.25%$2,408.69
6.50%$2,472.65
6.75%$2,537.32
7.00%$2,602.66
7.25%$2,668.67
7.50%$2,735.33
7.75%$2,802.60
8.00%$2,870.49
8.25%$2,938.95
8.50%$3,007.99
8.75%$3,077.57
9.00%$3,147.68
9.25%$3,218.31
9.50%$3,289.42
9.75%$3,361.01
10.00%$3,433.06
10.25%$3,505.55
10.50%$3,578.46
10.75%$3,651.78
11.00%$3,725.49
11.25%$3,799.57
11.50%$3,874.02
11.75%$3,948.81
12.00%$4,023.93