$504,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $504k 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 504,000 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 $504,000 house.
2% interest
0% down$1,862.88/mo
5% down$1,769.74/mo
10% down$1,676.59/mo
15% down$1,583.45/mo
20% down$1,490.31/mo
25% down$1,397.16/mo
30% down$1,304.02/mo
35% down$1,210.87/mo
40% down$1,117.73/mo
45% down$1,024.59/mo
50% down$931.44/mo
4% interest
0% down$2,406.17/mo
5% down$2,285.86/mo
10% down$2,165.56/mo
15% down$2,045.25/mo
20% down$1,924.94/mo
25% down$1,804.63/mo
30% down$1,684.32/mo
35% down$1,564.01/mo
40% down$1,443.70/mo
45% down$1,323.40/mo
50% down$1,203.09/mo
6% interest
0% down$3,021.73/mo
5% down$2,870.65/mo
10% down$2,719.56/mo
15% down$2,568.47/mo
20% down$2,417.39/mo
25% down$2,266.30/mo
30% down$2,115.21/mo
35% down$1,964.13/mo
40% down$1,813.04/mo
45% down$1,661.95/mo
50% down$1,510.87/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 504,000 house with a 20% down payment?
($403,200 loan. 30 year mortgage)
0.25%$1,162.64
0.50%$1,206.33
0.75%$1,251.07
1.00%$1,296.85
1.25%$1,343.67
1.50%$1,391.52
1.75%$1,440.41
2.00%$1,490.31
2.25%$1,541.22
2.50%$1,593.13
2.75%$1,646.03
3.00%$1,699.91
3.25%$1,754.75
3.50%$1,810.55
3.75%$1,867.28
4.00%$1,924.94
4.25%$1,983.50
4.50%$2,042.96
4.75%$2,103.28
5.00%$2,164.46
5.25%$2,226.49
5.50%$2,289.33
5.75%$2,352.97
6.00%$2,417.39
6.25%$2,482.57
6.50%$2,548.50
6.75%$2,615.15
7.00%$2,682.50
7.25%$2,750.53
7.50%$2,819.23
7.75%$2,888.57
8.00%$2,958.54
8.25%$3,029.11
8.50%$3,100.26
8.75%$3,171.98
9.00%$3,244.24
9.25%$3,317.03
9.50%$3,390.32
9.75%$3,464.11
10.00%$3,538.37
10.25%$3,613.08
10.50%$3,688.23
10.75%$3,763.80
11.00%$3,839.77
11.25%$3,916.13
11.50%$3,992.86
11.75%$4,069.94
12.00%$4,147.37