$498,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $498k 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 498,000 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 $498,000 house.
2% interest
0% down$1,840.70/mo
5% down$1,748.67/mo
10% down$1,656.63/mo
15% down$1,564.60/mo
20% down$1,472.56/mo
25% down$1,380.53/mo
30% down$1,288.49/mo
35% down$1,196.46/mo
40% down$1,104.42/mo
45% down$1,012.39/mo
50% down$920.35/mo
4% interest
0% down$2,377.53/mo
5% down$2,258.65/mo
10% down$2,139.78/mo
15% down$2,020.90/mo
20% down$1,902.02/mo
25% down$1,783.15/mo
30% down$1,664.27/mo
35% down$1,545.39/mo
40% down$1,426.52/mo
45% down$1,307.64/mo
50% down$1,188.76/mo
6% interest
0% down$2,985.76/mo
5% down$2,836.47/mo
10% down$2,687.19/mo
15% down$2,537.90/mo
20% down$2,388.61/mo
25% down$2,239.32/mo
30% down$2,090.03/mo
35% down$1,940.75/mo
40% down$1,791.46/mo
45% down$1,642.17/mo
50% down$1,492.88/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 498,000 house with a 20% down payment?
($398,400 loan. 30 year mortgage)
0.25%$1,148.80
0.50%$1,191.97
0.75%$1,236.18
1.00%$1,281.41
1.25%$1,327.67
1.50%$1,374.96
1.75%$1,423.26
2.00%$1,472.56
2.25%$1,522.87
2.50%$1,574.16
2.75%$1,626.43
3.00%$1,679.67
3.25%$1,733.86
3.50%$1,788.99
3.75%$1,845.05
4.00%$1,902.02
4.25%$1,959.89
4.50%$2,018.63
4.75%$2,078.24
5.00%$2,138.70
5.25%$2,199.98
5.50%$2,262.07
5.75%$2,324.95
6.00%$2,388.61
6.25%$2,453.02
6.50%$2,518.16
6.75%$2,584.01
7.00%$2,650.57
7.25%$2,717.79
7.50%$2,785.67
7.75%$2,854.19
8.00%$2,923.32
8.25%$2,993.05
8.50%$3,063.35
8.75%$3,134.21
9.00%$3,205.62
9.25%$3,277.54
9.50%$3,349.96
9.75%$3,422.87
10.00%$3,496.25
10.25%$3,570.07
10.50%$3,644.32
10.75%$3,718.99
11.00%$3,794.06
11.25%$3,869.51
11.50%$3,945.32
11.75%$4,021.49
12.00%$4,097.99