What are the monthly payments for a $500k loan?

The monthly payments for a $500K loan are $3,309.74 and $691,506.23 in total interest payments on a 30 year term with a 6.95% interest rate. There might be other costs such as taxes and insurance. Following is a table that shows the monthly mortgage payments for $500,000 over 30 years and 15 years with different interest rates.

How much is a mortgage on a $500,000 home?

Assuming you have a 20% down payment ($100,000), your total mortgage on a $500,000 home would be $400,000. For a 30-year fixed mortgage with a 3.5% interest rate, you would be looking at a $1,796 monthly payment. Please keep in mind that the exact cost and monthly payment for your mortgage will vary, depending its length and terms.

What costs are included in a $500k mortgage?

There are other costs in addition to the monthly mortgage payments for your $500K mortgage, such as property tax, home insurance, HOA fees, PMI, utility bills, and home maintenance. First-time home buyers should keep track of these costs as they add up quickly. How much is a $500K loan?