$500,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $500k 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 500,000 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 $500,000 house.
2% interest
0% down$1,848.10/mo
5% down$1,755.69/mo
10% down$1,663.29/mo
15% down$1,570.88/mo
20% down$1,478.48/mo
25% down$1,386.07/mo
30% down$1,293.67/mo
35% down$1,201.26/mo
40% down$1,108.86/mo
45% down$1,016.45/mo
50% down$924.05/mo
4% interest
0% down$2,387.08/mo
5% down$2,267.72/mo
10% down$2,148.37/mo
15% down$2,029.02/mo
20% down$1,909.66/mo
25% down$1,790.31/mo
30% down$1,670.95/mo
35% down$1,551.60/mo
40% down$1,432.25/mo
45% down$1,312.89/mo
50% down$1,193.54/mo
6% interest
0% down$2,997.75/mo
5% down$2,847.86/mo
10% down$2,697.98/mo
15% down$2,548.09/mo
20% down$2,398.20/mo
25% down$2,248.31/mo
30% down$2,098.43/mo
35% down$1,948.54/mo
40% down$1,798.65/mo
45% down$1,648.76/mo
50% down$1,498.88/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 500,000 house with a 20% down payment?
($400,000 loan. 30 year mortgage)
0.25%$1,153.41
0.50%$1,196.76
0.75%$1,241.14
1.00%$1,286.56
1.25%$1,333.01
1.50%$1,380.48
1.75%$1,428.97
2.00%$1,478.48
2.25%$1,528.98
2.50%$1,580.48
2.75%$1,632.96
3.00%$1,686.42
3.25%$1,740.83
3.50%$1,796.18
3.75%$1,852.46
4.00%$1,909.66
4.25%$1,967.76
4.50%$2,026.74
4.75%$2,086.59
5.00%$2,147.29
5.25%$2,208.81
5.50%$2,271.16
5.75%$2,334.29
6.00%$2,398.20
6.25%$2,462.87
6.50%$2,528.27
6.75%$2,594.39
7.00%$2,661.21
7.25%$2,728.71
7.50%$2,796.86
7.75%$2,865.65
8.00%$2,935.06
8.25%$3,005.07
8.50%$3,075.65
8.75%$3,146.80
9.00%$3,218.49
9.25%$3,290.70
9.50%$3,363.42
9.75%$3,436.62
10.00%$3,510.29
10.25%$3,584.41
10.50%$3,658.96
10.75%$3,733.93
11.00%$3,809.29
11.25%$3,885.05
11.50%$3,961.17
11.75%$4,037.64
12.00%$4,114.45