$495,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $495k 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 495,000 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 $495,000 house.
2% interest
0% down$1,829.62/mo
5% down$1,738.14/mo
10% down$1,646.65/mo
15% down$1,555.17/mo
20% down$1,463.69/mo
25% down$1,372.21/mo
30% down$1,280.73/mo
35% down$1,189.25/mo
40% down$1,097.77/mo
45% down$1,006.29/mo
50% down$914.81/mo
4% interest
0% down$2,363.21/mo
5% down$2,245.05/mo
10% down$2,126.89/mo
15% down$2,008.72/mo
20% down$1,890.56/mo
25% down$1,772.40/mo
30% down$1,654.24/mo
35% down$1,536.08/mo
40% down$1,417.92/mo
45% down$1,299.76/mo
50% down$1,181.60/mo
6% interest
0% down$2,967.78/mo
5% down$2,819.39/mo
10% down$2,671.00/mo
15% down$2,522.61/mo
20% down$2,374.22/mo
25% down$2,225.83/mo
30% down$2,077.44/mo
35% down$1,929.05/mo
40% down$1,780.67/mo
45% down$1,632.28/mo
50% down$1,483.89/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 495,000 house with a 20% down payment?
($396,000 loan. 30 year mortgage)
0.25%$1,141.88
0.50%$1,184.79
0.75%$1,228.73
1.00%$1,273.69
1.25%$1,319.68
1.50%$1,366.68
1.75%$1,414.68
2.00%$1,463.69
2.25%$1,513.69
2.50%$1,564.68
2.75%$1,616.64
3.00%$1,669.55
3.25%$1,723.42
3.50%$1,778.22
3.75%$1,833.94
4.00%$1,890.56
4.25%$1,948.08
4.50%$2,006.47
4.75%$2,065.72
5.00%$2,125.81
5.25%$2,186.73
5.50%$2,248.44
5.75%$2,310.95
6.00%$2,374.22
6.25%$2,438.24
6.50%$2,502.99
6.75%$2,568.45
7.00%$2,634.60
7.25%$2,701.42
7.50%$2,768.89
7.75%$2,836.99
8.00%$2,905.71
8.25%$2,975.02
8.50%$3,044.90
8.75%$3,115.33
9.00%$3,186.31
9.25%$3,257.79
9.50%$3,329.78
9.75%$3,402.25
10.00%$3,475.18
10.25%$3,548.56
10.50%$3,622.37
10.75%$3,696.59
11.00%$3,771.20
11.25%$3,846.20
11.50%$3,921.55
11.75%$3,997.26
12.00%$4,073.31