$502,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $502k 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 502,000 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 $502,000 house.
2% interest
0% down$1,855.49/mo
5% down$1,762.72/mo
10% down$1,669.94/mo
15% down$1,577.17/mo
20% down$1,484.39/mo
25% down$1,391.62/mo
30% down$1,298.84/mo
35% down$1,206.07/mo
40% down$1,113.29/mo
45% down$1,020.52/mo
50% down$927.74/mo
4% interest
0% down$2,396.62/mo
5% down$2,276.79/mo
10% down$2,156.96/mo
15% down$2,037.13/mo
20% down$1,917.30/mo
25% down$1,797.47/mo
30% down$1,677.64/mo
35% down$1,557.81/mo
40% down$1,437.97/mo
45% down$1,318.14/mo
50% down$1,198.31/mo
6% interest
0% down$3,009.74/mo
5% down$2,859.26/mo
10% down$2,708.77/mo
15% down$2,558.28/mo
20% down$2,407.79/mo
25% down$2,257.31/mo
30% down$2,106.82/mo
35% down$1,956.33/mo
40% down$1,805.85/mo
45% down$1,655.36/mo
50% down$1,504.87/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 502,000 house with a 20% down payment?
($401,600 loan. 30 year mortgage)
0.25%$1,158.03
0.50%$1,201.55
0.75%$1,246.10
1.00%$1,291.70
1.25%$1,338.34
1.50%$1,386.00
1.75%$1,434.69
2.00%$1,484.39
2.25%$1,535.10
2.50%$1,586.81
2.75%$1,639.50
3.00%$1,693.16
3.25%$1,747.79
3.50%$1,803.36
3.75%$1,859.87
4.00%$1,917.30
4.25%$1,975.63
4.50%$2,034.85
4.75%$2,094.94
5.00%$2,155.88
5.25%$2,217.65
5.50%$2,280.24
5.75%$2,343.63
6.00%$2,407.79
6.25%$2,472.72
6.50%$2,538.39
6.75%$2,604.77
7.00%$2,671.85
7.25%$2,739.62
7.50%$2,808.05
7.75%$2,877.11
8.00%$2,946.80
8.25%$3,017.09
8.50%$3,087.96
8.75%$3,159.39
9.00%$3,231.36
9.25%$3,303.86
9.50%$3,376.87
9.75%$3,450.36
10.00%$3,524.33
10.25%$3,598.74
10.50%$3,673.59
10.75%$3,748.86
11.00%$3,824.53
11.25%$3,900.59
11.50%$3,977.01
11.75%$4,053.79
12.00%$4,130.91