The monthly payment depends on the loan amount, interest rate, and length of the loan. A typical mortgage is 30 years, spread out of 360 equal monthly payments. Enter your loan details above for a specific calculation. The chart below shows the monthly payment for a mortgage balance of $500,000 at 6% based on the loan length.
| Loan Details |
Monthly Payment |
|
500k For 5 Years at 6%
|
$9,666 / mo |
|
500k For 10 Years at 6%
|
$5,551 / mo |
|
500k For 15 Years at 6%
|
$4,219 / mo |
|
500k For 20 Years at 6%
|
$3,582 / mo |
|
500k For 25 Years at 6%
|
$3,222 / mo |
|
500k For 30 Years at 6%
|
$2,998 / mo |
It's surprising how a small change in rates can have a big impact on the total amount paid over the course of the mortgage. The difference in payments between a 6% and 6.25% APR over 30 years on a 500k mortgage is
$80.83 per month.
That equates to a $29,100 difference over the course of 360 payments. View the chart below to see the total amount paid for a 500,000 mortgage over 30 years.
| Loan Details |
Monthly Payment (30 Year Mortgage) |
Total Paid Over 30 Years |
| 500,000 at 6.000% |
$2,997.75 / mo |
$1,079,191 |
| 500,000 at 6.001% |
$2,998.07 / mo |
$1,079,307 |
| 500,000 at 6.002% |
$2,998.40 / mo |
$1,079,422 |
| 500,000 at 6.003% |
$2,998.72 / mo |
$1,079,538 |
| 500,000 at 6.004% |
$2,999.04 / mo |
$1,079,654 |
| 500,000 at 6.005% |
$2,999.36 / mo |
$1,079,770 |
| 500,000 at 6.006% |
$2,999.68 / mo |
$1,079,885 |
| 500,000 at 6.007% |
$3,000.00 / mo |
$1,080,001 |
| 500,000 at 6.008% |
$3,000.32 / mo |
$1,080,117 |
| 500,000 at 6.009% |
$3,000.65 / mo |
$1,080,233 |
| 500,000 at 6.010% |
$3,000.97 / mo |
$1,080,348 |
| 500,000 at 6.011% |
$3,001.29 / mo |
$1,080,464 |
| 500,000 at 6.012% |
$3,001.61 / mo |
$1,080,580 |
| 500,000 at 6.013% |
$3,001.93 / mo |
$1,080,696 |
| 500,000 at 6.014% |
$3,002.25 / mo |
$1,080,812 |
| 500,000 at 6.015% |
$3,002.58 / mo |
$1,080,927 |
| 500,000 at 6.016% |
$3,002.90 / mo |
$1,081,043 |
| 500,000 at 6.017% |
$3,003.22 / mo |
$1,081,159 |
| 500,000 at 6.018% |
$3,003.54 / mo |
$1,081,275 |
| 500,000 at 6.019% |
$3,003.86 / mo |
$1,081,391 |
| 500,000 at 6.020% |
$3,004.18 / mo |
$1,081,507 |
| 500,000 at 6.021% |
$3,004.51 / mo |
$1,081,622 |
| 500,000 at 6.022% |
$3,004.83 / mo |
$1,081,738 |
| 500,000 at 6.023% |
$3,005.15 / mo |
$1,081,854 |
| 500,000 at 6.024% |
$3,005.47 / mo |
$1,081,970 |
| 500,000 at 6.025% |
$3,005.79 / mo |
$1,082,086 |
| 500,000 at 6.026% |
$3,006.12 / mo |
$1,082,202 |
| 500,000 at 6.027% |
$3,006.44 / mo |
$1,082,318 |
| 500,000 at 6.028% |
$3,006.76 / mo |
$1,082,433 |
| 500,000 at 6.029% |
$3,007.08 / mo |
$1,082,549 |
| 500,000 at 6.030% |
$3,007.40 / mo |
$1,082,665 |
| 500,000 at 6.031% |
$3,007.73 / mo |
$1,082,781 |
| 500,000 at 6.032% |
$3,008.05 / mo |
$1,082,897 |
| 500,000 at 6.033% |
$3,008.37 / mo |
$1,083,013 |
| 500,000 at 6.034% |
$3,008.69 / mo |
$1,083,129 |
| 500,000 at 6.035% |
$3,009.01 / mo |
$1,083,245 |
| 500,000 at 6.036% |
$3,009.33 / mo |
$1,083,361 |
| 500,000 at 6.037% |
$3,009.66 / mo |
$1,083,477 |
| 500,000 at 6.038% |
$3,009.98 / mo |
$1,083,592 |
| 500,000 at 6.039% |
$3,010.30 / mo |
$1,083,708 |
| 500,000 at 6.040% |
$3,010.62 / mo |
$1,083,824 |
| 500,000 at 6.041% |
$3,010.95 / mo |
$1,083,940 |
| 500,000 at 6.042% |
$3,011.27 / mo |
$1,084,056 |
| 500,000 at 6.043% |
$3,011.59 / mo |
$1,084,172 |
| 500,000 at 6.044% |
$3,011.91 / mo |
$1,084,288 |
| 500,000 at 6.045% |
$3,012.23 / mo |
$1,084,404 |
| 500,000 at 6.046% |
$3,012.56 / mo |
$1,084,520 |
| 500,000 at 6.047% |
$3,012.88 / mo |
$1,084,636 |
| 500,000 at 6.048% |
$3,013.20 / mo |
$1,084,752 |
| 500,000 at 6.049% |
$3,013.52 / mo |
$1,084,868 |