$494,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $494k 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 494,000 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 $494,000 house.
2% interest
0% down$1,825.92/mo
5% down$1,734.62/mo
10% down$1,643.33/mo
15% down$1,552.03/mo
20% down$1,460.74/mo
25% down$1,369.44/mo
30% down$1,278.14/mo
35% down$1,186.85/mo
40% down$1,095.55/mo
45% down$1,004.26/mo
50% down$912.96/mo
4% interest
0% down$2,358.43/mo
5% down$2,240.51/mo
10% down$2,122.59/mo
15% down$2,004.67/mo
20% down$1,886.75/mo
25% down$1,768.82/mo
30% down$1,650.90/mo
35% down$1,532.98/mo
40% down$1,415.06/mo
45% down$1,297.14/mo
50% down$1,179.22/mo
6% interest
0% down$2,961.78/mo
5% down$2,813.69/mo
10% down$2,665.60/mo
15% down$2,517.51/mo
20% down$2,369.42/mo
25% down$2,221.33/mo
30% down$2,073.25/mo
35% down$1,925.16/mo
40% down$1,777.07/mo
45% down$1,628.98/mo
50% down$1,480.89/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 494,000 house with a 20% down payment?
($395,200 loan. 30 year mortgage)
0.25%$1,139.57
0.50%$1,182.40
0.75%$1,226.25
1.00%$1,271.12
1.25%$1,317.01
1.50%$1,363.92
1.75%$1,411.83
2.00%$1,460.74
2.25%$1,510.64
2.50%$1,561.52
2.75%$1,613.37
3.00%$1,666.18
3.25%$1,719.94
3.50%$1,774.62
3.75%$1,830.23
4.00%$1,886.75
4.25%$1,944.15
4.50%$2,002.42
4.75%$2,061.55
5.00%$2,121.52
5.25%$2,182.31
5.50%$2,243.90
5.75%$2,306.28
6.00%$2,369.42
6.25%$2,433.31
6.50%$2,497.93
6.75%$2,563.26
7.00%$2,629.28
7.25%$2,695.96
7.50%$2,763.30
7.75%$2,831.26
8.00%$2,899.84
8.25%$2,969.01
8.50%$3,038.75
8.75%$3,109.04
9.00%$3,179.87
9.25%$3,251.21
9.50%$3,323.06
9.75%$3,395.38
10.00%$3,468.16
10.25%$3,541.39
10.50%$3,615.05
10.75%$3,689.12
11.00%$3,763.58
11.25%$3,838.43
11.50%$3,913.63
11.75%$3,989.19
12.00%$4,065.08