$493,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $493k 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 493,000 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 $493,000 house.
2% interest
0% down$1,822.22/mo
5% down$1,731.11/mo
10% down$1,640.00/mo
15% down$1,548.89/mo
20% down$1,457.78/mo
25% down$1,366.67/mo
30% down$1,275.56/mo
35% down$1,184.45/mo
40% down$1,093.33/mo
45% down$1,002.22/mo
50% down$911.11/mo
4% interest
0% down$2,353.66/mo
5% down$2,235.97/mo
10% down$2,118.29/mo
15% down$2,000.61/mo
20% down$1,882.93/mo
25% down$1,765.24/mo
30% down$1,647.56/mo
35% down$1,529.88/mo
40% down$1,412.19/mo
45% down$1,294.51/mo
50% down$1,176.83/mo
6% interest
0% down$2,955.78/mo
5% down$2,807.99/mo
10% down$2,660.21/mo
15% down$2,512.42/mo
20% down$2,364.63/mo
25% down$2,216.84/mo
30% down$2,069.05/mo
35% down$1,921.26/mo
40% down$1,773.47/mo
45% down$1,625.68/mo
50% down$1,477.89/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 493,000 house with a 20% down payment?
($394,400 loan. 30 year mortgage)
0.25%$1,137.27
0.50%$1,180.00
0.75%$1,223.76
1.00%$1,268.55
1.25%$1,314.34
1.50%$1,361.15
1.75%$1,408.97
2.00%$1,457.78
2.25%$1,507.58
2.50%$1,558.36
2.75%$1,610.10
3.00%$1,662.81
3.25%$1,716.45
3.50%$1,771.03
3.75%$1,826.53
4.00%$1,882.93
4.25%$1,940.21
4.50%$1,998.37
4.75%$2,057.38
5.00%$2,117.22
5.25%$2,177.89
5.50%$2,239.36
5.75%$2,301.61
6.00%$2,364.63
6.25%$2,428.39
6.50%$2,492.88
6.75%$2,558.07
7.00%$2,623.95
7.25%$2,690.50
7.50%$2,757.70
7.75%$2,825.53
8.00%$2,893.97
8.25%$2,963.00
8.50%$3,032.59
8.75%$3,102.75
9.00%$3,173.43
9.25%$3,244.63
9.50%$3,316.33
9.75%$3,388.51
10.00%$3,461.14
10.25%$3,534.22
10.50%$3,607.73
10.75%$3,681.65
11.00%$3,755.96
11.25%$3,830.65
11.50%$3,905.71
11.75%$3,981.11
12.00%$4,056.85