What would my monthly mortgage payment be on a $500,000 home?

Sharing is Caring!

“If you put down $100,000 as a 20% down payment and then borrow $400,000 with a 30-year fixed-rate mortgage with an interest rate of 7.09%, your monthly payment on the loan would be $2,685. That does not include your monthly property tax and homeowners insurance payments, which will vary based on your state and municipality.

See also  Why Would Putin Kill Alexi Navalny?

You would pay a total of $567,135 in interest on this loan, for a total loan payment of $967,135. When you add in the $100,000 down payment, you would pay a total of $1,067,135 for the house.”

See also  Korean Wallets Tighten: Less Food at Home, Packed Airports, and Shake Shack's Surprising Silence



Plug in the numbers here and find out.


Views: 269

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.