$501,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $501k 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 501,000 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 $501,000 house.
2% interest
0% down$1,851.79/mo
5% down$1,759.20/mo
10% down$1,666.61/mo
15% down$1,574.02/mo
20% down$1,481.43/mo
25% down$1,388.85/mo
30% down$1,296.26/mo
35% down$1,203.67/mo
40% down$1,111.08/mo
45% down$1,018.49/mo
50% down$925.90/mo
4% interest
0% down$2,391.85/mo
5% down$2,272.26/mo
10% down$2,152.67/mo
15% down$2,033.07/mo
20% down$1,913.48/mo
25% down$1,793.89/mo
30% down$1,674.30/mo
35% down$1,554.70/mo
40% down$1,435.11/mo
45% down$1,315.52/mo
50% down$1,195.93/mo
6% interest
0% down$3,003.75/mo
5% down$2,853.56/mo
10% down$2,703.37/mo
15% down$2,553.19/mo
20% down$2,403.00/mo
25% down$2,252.81/mo
30% down$2,102.62/mo
35% down$1,952.44/mo
40% down$1,802.25/mo
45% down$1,652.06/mo
50% down$1,501.87/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 501,000 house with a 20% down payment?
($400,800 loan. 30 year mortgage)
0.25%$1,155.72
0.50%$1,199.15
0.75%$1,243.62
1.00%$1,289.13
1.25%$1,335.67
1.50%$1,383.24
1.75%$1,431.83
2.00%$1,481.43
2.25%$1,532.04
2.50%$1,583.64
2.75%$1,636.23
3.00%$1,689.79
3.25%$1,744.31
3.50%$1,799.77
3.75%$1,856.17
4.00%$1,913.48
4.25%$1,971.70
4.50%$2,030.79
4.75%$2,090.76
5.00%$2,151.58
5.25%$2,213.23
5.50%$2,275.70
5.75%$2,338.96
6.00%$2,403.00
6.25%$2,467.79
6.50%$2,533.33
6.75%$2,599.58
7.00%$2,666.53
7.25%$2,734.16
7.50%$2,802.45
7.75%$2,871.38
8.00%$2,940.93
8.25%$3,011.08
8.50%$3,081.81
8.75%$3,153.10
9.00%$3,224.93
9.25%$3,297.28
9.50%$3,370.14
9.75%$3,443.49
10.00%$3,517.31
10.25%$3,591.57
10.50%$3,666.28
10.75%$3,741.39
11.00%$3,816.91
11.25%$3,892.82
11.50%$3,969.09
11.75%$4,045.71
12.00%$4,122.68