$500,000 House at 5.00%

What's the monthly mortgage payment on a $500,000 house? Loan price for a $500,000 house with a 5.00% interest rate.
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Monthly payment = $2,147
Total yearly payments = $25,767
Payments by Interest Rate
Interest Rate Payment
4.500% $2,027
4.625% $2,057
4.750% $2,087
4.875% $2,117
5.000% $2,147
5.125% $2,178
5.250% $2,209
5.375% $2,240
5.500% $2,271
Payments by Amount Down
% Down Amount Payment
3.5% $17,500 $2,590
5.0% $25,000 $2,550
7.5% $37,500 $2,483
10% $50,000 $2,416
15% $75,000 $2,281
20% $100,000 $2,147
25% $125,000 $2,013
30% $150,000 $1,879
50% $250,000 $1,342
Payments by Loan Length
Length Payment
10 years $4,243
15 years $3,163
20 years $2,640
30 years $2,147
40 years $1,929
Interest only $1,667

Can I afford a $500,000 house?

Traditionally, the "28% rule" means a person should not spend more than 28% of their pre-tax income on total housing costs.

Let's assume that taxes and insurance are 2% of the house price annually. Here's how much you'd have to make to afford a house that costs $500,000 with a 5.00% loan:

% Down Down Payment Income Required
3.5% $17,500 $146,721
5.0% $25,000 $144,996
7.5% $37,500 $142,120
10% $50,000 $139,244
15% $75,000 $133,493
20% $100,000 $127,741
25% $125,000 $121,989
30% $150,000 $116,238
50% $250,000 $93,231