$490,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $490k 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 490,000 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 $490,000 house.
2% interest
0% down$1,811.14/mo
5% down$1,720.58/mo
10% down$1,630.02/mo
15% down$1,539.47/mo
20% down$1,448.91/mo
25% down$1,358.35/mo
30% down$1,267.79/mo
35% down$1,177.24/mo
40% down$1,086.68/mo
45% down$996.12/mo
50% down$905.57/mo
4% interest
0% down$2,339.33/mo
5% down$2,222.37/mo
10% down$2,105.40/mo
15% down$1,988.43/mo
20% down$1,871.47/mo
25% down$1,754.50/mo
30% down$1,637.53/mo
35% down$1,520.57/mo
40% down$1,403.60/mo
45% down$1,286.63/mo
50% down$1,169.67/mo
6% interest
0% down$2,937.80/mo
5% down$2,790.91/mo
10% down$2,644.02/mo
15% down$2,497.13/mo
20% down$2,350.24/mo
25% down$2,203.35/mo
30% down$2,056.46/mo
35% down$1,909.57/mo
40% down$1,762.68/mo
45% down$1,615.79/mo
50% down$1,468.90/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 490,000 house with a 20% down payment?
($392,000 loan. 30 year mortgage)
0.25%$1,130.35
0.50%$1,172.82
0.75%$1,216.32
1.00%$1,260.83
1.25%$1,306.35
1.50%$1,352.87
1.75%$1,400.39
2.00%$1,448.91
2.25%$1,498.40
2.50%$1,548.87
2.75%$1,600.31
3.00%$1,652.69
3.25%$1,706.01
3.50%$1,760.26
3.75%$1,815.41
4.00%$1,871.47
4.25%$1,928.40
4.50%$1,986.21
4.75%$2,044.86
5.00%$2,104.34
5.25%$2,164.64
5.50%$2,225.73
5.75%$2,287.61
6.00%$2,350.24
6.25%$2,413.61
6.50%$2,477.71
6.75%$2,542.50
7.00%$2,607.99
7.25%$2,674.13
7.50%$2,740.92
7.75%$2,808.34
8.00%$2,876.36
8.25%$2,944.97
8.50%$3,014.14
8.75%$3,083.87
9.00%$3,154.12
9.25%$3,224.89
9.50%$3,296.15
9.75%$3,367.89
10.00%$3,440.08
10.25%$3,512.72
10.50%$3,585.78
10.75%$3,659.25
11.00%$3,733.11
11.25%$3,807.34
11.50%$3,881.94
11.75%$3,956.89
12.00%$4,032.16