$506,000 Mortgage Loan Payments and Costs

$
$
%
years
%

Loan Summary


Use the mortgage calculator to calculate the cost of buying a $506k 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 506,000 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 $506,000 house.
2% interest
0% down$1,870.27/mo
5% down$1,776.76/mo
10% down$1,683.25/mo
15% down$1,589.73/mo
20% down$1,496.22/mo
25% down$1,402.71/mo
30% down$1,309.19/mo
35% down$1,215.68/mo
40% down$1,122.16/mo
45% down$1,028.65/mo
50% down$935.14/mo
4% interest
0% down$2,415.72/mo
5% down$2,294.94/mo
10% down$2,174.15/mo
15% down$2,053.36/mo
20% down$1,932.58/mo
25% down$1,811.79/mo
30% down$1,691.00/mo
35% down$1,570.22/mo
40% down$1,449.43/mo
45% down$1,328.65/mo
50% down$1,207.86/mo
6% interest
0% down$3,033.73/mo
5% down$2,882.04/mo
10% down$2,730.35/mo
15% down$2,578.67/mo
20% down$2,426.98/mo
25% down$2,275.29/mo
30% down$2,123.61/mo
35% down$1,971.92/mo
40% down$1,820.24/mo
45% down$1,668.55/mo
50% down$1,516.86/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 506,000 house with a 20% down payment?
($404,800 loan. 30 year mortgage)
0.25%$1,167.26
0.50%$1,211.12
0.75%$1,256.03
1.00%$1,302.00
1.25%$1,349.00
1.50%$1,397.05
1.75%$1,446.12
2.00%$1,496.22
2.25%$1,547.33
2.50%$1,599.45
2.75%$1,652.56
3.00%$1,706.65
3.25%$1,761.72
3.50%$1,817.73
3.75%$1,874.69
4.00%$1,932.58
4.25%$1,991.37
4.50%$2,051.06
4.75%$2,111.63
5.00%$2,173.05
5.25%$2,235.32
5.50%$2,298.41
5.75%$2,362.30
6.00%$2,426.98
6.25%$2,492.42
6.50%$2,558.61
6.75%$2,625.53
7.00%$2,693.14
7.25%$2,761.45
7.50%$2,830.42
7.75%$2,900.04
8.00%$2,970.28
8.25%$3,041.13
8.50%$3,112.56
8.75%$3,184.56
9.00%$3,257.11
9.25%$3,330.19
9.50%$3,403.78
9.75%$3,477.86
10.00%$3,552.41
10.25%$3,627.42
10.50%$3,702.86
10.75%$3,778.73
11.00%$3,855.01
11.25%$3,931.67
11.50%$4,008.70
11.75%$4,086.09
12.00%$4,163.82