$509,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $509k 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 509,000 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 $509,000 house.
2% interest
0% down$1,881.36/mo
5% down$1,787.29/mo
10% down$1,693.23/mo
15% down$1,599.16/mo
20% down$1,505.09/mo
25% down$1,411.02/mo
30% down$1,316.95/mo
35% down$1,222.89/mo
40% down$1,128.82/mo
45% down$1,034.75/mo
50% down$940.68/mo
4% interest
0% down$2,430.04/mo
5% down$2,308.54/mo
10% down$2,187.04/mo
15% down$2,065.54/mo
20% down$1,944.04/mo
25% down$1,822.53/mo
30% down$1,701.03/mo
35% down$1,579.53/mo
40% down$1,458.03/mo
45% down$1,336.52/mo
50% down$1,215.02/mo
6% interest
0% down$3,051.71/mo
5% down$2,899.13/mo
10% down$2,746.54/mo
15% down$2,593.96/mo
20% down$2,441.37/mo
25% down$2,288.78/mo
30% down$2,136.20/mo
35% down$1,983.61/mo
40% down$1,831.03/mo
45% down$1,678.44/mo
50% down$1,525.86/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 509,000 house with a 20% down payment?
($407,200 loan. 30 year mortgage)
0.25%$1,174.18
0.50%$1,218.30
0.75%$1,263.48
1.00%$1,309.72
1.25%$1,357.00
1.50%$1,405.33
1.75%$1,454.70
2.00%$1,505.09
2.25%$1,556.51
2.50%$1,608.93
2.75%$1,662.36
3.00%$1,716.77
3.25%$1,772.16
3.50%$1,828.51
3.75%$1,885.81
4.00%$1,944.04
4.25%$2,003.18
4.50%$2,063.22
4.75%$2,124.15
5.00%$2,185.94
5.25%$2,248.57
5.50%$2,312.04
5.75%$2,376.31
6.00%$2,441.37
6.25%$2,507.20
6.50%$2,573.78
6.75%$2,641.09
7.00%$2,709.11
7.25%$2,777.82
7.50%$2,847.20
7.75%$2,917.23
8.00%$2,987.89
8.25%$3,059.16
8.50%$3,131.02
8.75%$3,203.44
9.00%$3,276.42
9.25%$3,349.93
9.50%$3,423.96
9.75%$3,498.48
10.00%$3,573.47
10.25%$3,648.92
10.50%$3,724.82
10.75%$3,801.14
11.00%$3,877.86
11.25%$3,954.98
11.50%$4,032.47
11.75%$4,110.32
12.00%$4,188.51