$497,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $497k 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 497,000 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 $497,000 house.
2% interest
0% down$1,837.01/mo
5% down$1,745.16/mo
10% down$1,653.31/mo
15% down$1,561.46/mo
20% down$1,469.61/mo
25% down$1,377.76/mo
30% down$1,285.91/mo
35% down$1,194.06/mo
40% down$1,102.21/mo
45% down$1,010.35/mo
50% down$918.50/mo
4% interest
0% down$2,372.75/mo
5% down$2,254.12/mo
10% down$2,135.48/mo
15% down$2,016.84/mo
20% down$1,898.20/mo
25% down$1,779.57/mo
30% down$1,660.93/mo
35% down$1,542.29/mo
40% down$1,423.65/mo
45% down$1,305.01/mo
50% down$1,186.38/mo
6% interest
0% down$2,979.77/mo
5% down$2,830.78/mo
10% down$2,681.79/mo
15% down$2,532.80/mo
20% down$2,383.81/mo
25% down$2,234.82/mo
30% down$2,085.84/mo
35% down$1,936.85/mo
40% down$1,787.86/mo
45% down$1,638.87/mo
50% down$1,489.88/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 497,000 house with a 20% down payment?
($397,600 loan. 30 year mortgage)
0.25%$1,146.49
0.50%$1,189.58
0.75%$1,233.69
1.00%$1,278.84
1.25%$1,325.01
1.50%$1,372.20
1.75%$1,420.40
2.00%$1,469.61
2.25%$1,519.81
2.50%$1,571.00
2.75%$1,623.17
3.00%$1,676.30
3.25%$1,730.38
3.50%$1,785.40
3.75%$1,841.35
4.00%$1,898.20
4.25%$1,955.95
4.50%$2,014.58
4.75%$2,074.07
5.00%$2,134.40
5.25%$2,195.56
5.50%$2,257.53
5.75%$2,320.29
6.00%$2,383.81
6.25%$2,448.09
6.50%$2,513.10
6.75%$2,578.83
7.00%$2,645.24
7.25%$2,712.33
7.50%$2,780.08
7.75%$2,848.46
8.00%$2,917.45
8.25%$2,987.04
8.50%$3,057.20
8.75%$3,127.92
9.00%$3,199.18
9.25%$3,270.96
9.50%$3,343.24
9.75%$3,416.00
10.00%$3,489.22
10.25%$3,562.90
10.50%$3,637.00
10.75%$3,711.52
11.00%$3,786.44
11.25%$3,861.74
11.50%$3,937.40
11.75%$4,013.41
12.00%$4,089.76