$496,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $496k 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 496,000 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 $496,000 house.
2% interest
0% down$1,833.31/mo
5% down$1,741.65/mo
10% down$1,649.98/mo
15% down$1,558.32/mo
20% down$1,466.65/mo
25% down$1,374.98/mo
30% down$1,283.32/mo
35% down$1,191.65/mo
40% down$1,099.99/mo
45% down$1,008.32/mo
50% down$916.66/mo
4% interest
0% down$2,367.98/mo
5% down$2,249.58/mo
10% down$2,131.18/mo
15% down$2,012.78/mo
20% down$1,894.38/mo
25% down$1,775.98/mo
30% down$1,657.59/mo
35% down$1,539.19/mo
40% down$1,420.79/mo
45% down$1,302.39/mo
50% down$1,183.99/mo
6% interest
0% down$2,973.77/mo
5% down$2,825.08/mo
10% down$2,676.39/mo
15% down$2,527.71/mo
20% down$2,379.02/mo
25% down$2,230.33/mo
30% down$2,081.64/mo
35% down$1,932.95/mo
40% down$1,784.26/mo
45% down$1,635.57/mo
50% down$1,486.89/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 496,000 house with a 20% down payment?
($396,800 loan. 30 year mortgage)
0.25%$1,144.19
0.50%$1,187.18
0.75%$1,231.21
1.00%$1,276.27
1.25%$1,322.34
1.50%$1,369.44
1.75%$1,417.54
2.00%$1,466.65
2.25%$1,516.75
2.50%$1,567.84
2.75%$1,619.90
3.00%$1,672.92
3.25%$1,726.90
3.50%$1,781.81
3.75%$1,837.64
4.00%$1,894.38
4.25%$1,952.02
4.50%$2,010.53
4.75%$2,069.90
5.00%$2,130.11
5.25%$2,191.14
5.50%$2,252.99
5.75%$2,315.62
6.00%$2,379.02
6.25%$2,443.17
6.50%$2,508.05
6.75%$2,573.64
7.00%$2,639.92
7.25%$2,706.88
7.50%$2,774.48
7.75%$2,842.72
8.00%$2,911.58
8.25%$2,981.03
8.50%$3,051.05
8.75%$3,121.63
9.00%$3,192.74
9.25%$3,264.38
9.50%$3,336.51
9.75%$3,409.12
10.00%$3,482.20
10.25%$3,555.73
10.50%$3,629.69
10.75%$3,704.05
11.00%$3,778.82
11.25%$3,853.97
11.50%$3,929.48
11.75%$4,005.34
12.00%$4,081.53