$507,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $507k 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 507,000 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 $507,000 house.
2% interest
0% down$1,873.97/mo
5% down$1,780.27/mo
10% down$1,686.57/mo
15% down$1,592.88/mo
20% down$1,499.18/mo
25% down$1,405.48/mo
30% down$1,311.78/mo
35% down$1,218.08/mo
40% down$1,124.38/mo
45% down$1,030.68/mo
50% down$936.99/mo
4% interest
0% down$2,420.50/mo
5% down$2,299.47/mo
10% down$2,178.45/mo
15% down$2,057.42/mo
20% down$1,936.40/mo
25% down$1,815.37/mo
30% down$1,694.35/mo
35% down$1,573.32/mo
40% down$1,452.30/mo
45% down$1,331.27/mo
50% down$1,210.25/mo
6% interest
0% down$3,039.72/mo
5% down$2,887.74/mo
10% down$2,735.75/mo
15% down$2,583.76/mo
20% down$2,431.78/mo
25% down$2,279.79/mo
30% down$2,127.80/mo
35% down$1,975.82/mo
40% down$1,823.83/mo
45% down$1,671.85/mo
50% down$1,519.86/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 507,000 house with a 20% down payment?
($405,600 loan. 30 year mortgage)
0.25%$1,169.56
0.50%$1,213.51
0.75%$1,258.52
1.00%$1,304.57
1.25%$1,351.67
1.50%$1,399.81
1.75%$1,448.98
2.00%$1,499.18
2.25%$1,550.39
2.50%$1,602.61
2.75%$1,655.83
3.00%$1,710.03
3.25%$1,765.20
3.50%$1,821.33
3.75%$1,878.40
4.00%$1,936.40
4.25%$1,995.31
4.50%$2,055.12
4.75%$2,115.80
5.00%$2,177.35
5.25%$2,239.74
5.50%$2,302.95
5.75%$2,366.97
6.00%$2,431.78
6.25%$2,497.35
6.50%$2,563.67
6.75%$2,630.71
7.00%$2,698.47
7.25%$2,766.91
7.50%$2,836.01
7.75%$2,905.77
8.00%$2,976.15
8.25%$3,047.14
8.50%$3,118.71
8.75%$3,190.86
9.00%$3,263.55
9.25%$3,336.77
9.50%$3,410.50
9.75%$3,484.73
10.00%$3,559.43
10.25%$3,634.59
10.50%$3,710.18
10.75%$3,786.20
11.00%$3,862.62
11.25%$3,939.44
11.50%$4,016.62
11.75%$4,094.17
12.00%$4,172.05