490k Mortgage For 20 Years

What's the monthly mortgage payment for a $490,000 mortgage for 20 years?
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490k Mortgage For 20 Years (240 Months). Enter your loan details to view a printable amortization schedule and a payment summary.

  • Loan Amount: Enter total loan amount.
  • Down Payment: Enter the down payment.
  • Interest Rate: Enter the interest rate.
  • Years: Enter the loan length.
Make sure to shop around when choosing a mortgage. A small change in APR can add up to big savings over the course of the loan. For example, the payment of a 20 year fixed 490000 loan at 5.25% is 3,301.84/month. At 6.25% that mortgage payment jumps to 3,581.55/month. A 20 year fixed loan will have a total of 240 monthly payments. In total, the loan at 6.25% will end up costing $67,131 more than the 5.25% mortgage after 240 payments.

How much is the monthly payment for a 490,000 over 20 years? Browse the table below to view monthly payments based on interest rate.

Monthly Mortgage Payment for a $490,000 Loan over 240 Months

Monthly Payment by Interest Rate (20 Year Loan)
20 Year mortgage Payment
$490,000 mortgage at 1.25%$2,308.56 per month
$490,000 mortgage at 1.5%$2,364.47 per month
$490,000 mortgage at 1.75%$2,421.23 per month
$490,000 mortgage at 2%$2,478.83 per month
$490,000 mortgage at 2.25%$2,537.26 per month
$490,000 mortgage at 2.5%$2,596.52 per month
$490,000 mortgage at 2.75%$2,656.61 per month
$490,000 mortgage at 3%$2,717.53 per month
$490,000 mortgage at 3.25%$2,779.26 per month
$490,000 mortgage at 3.5%$2,841.80 per month
$490,000 mortgage at 3.75%$2,905.15 per month
$490,000 mortgage at 4%$2,969.30 per month
$490,000 mortgage at 4.25%$3,034.25 per month
$490,000 mortgage at 4.5%$3,099.98 per month
20 Year mortgage Payment
$490,000 mortgage at 4.75%$3,166.50 per month
$490,000 mortgage at 5%$3,233.78 per month
$490,000 mortgage at 5.25%$3,301.84 per month
$490,000 mortgage at 5.5%$3,370.65 per month
$490,000 mortgage at 5.75%$3,440.21 per month
$490,000 mortgage at 6%$3,510.51 per month
$490,000 mortgage at 6.25%$3,581.55 per month
$490,000 mortgage at 6.5%$3,653.31 per month
$490,000 mortgage at 6.75%$3,725.78 per month
$490,000 mortgage at 7%$3,798.96 per month
$490,000 mortgage at 7.25%$3,872.84 per month
$490,000 mortgage at 7.5%$3,947.41 per month
$490,000 mortgage at 7.75%$4,022.65 per month
$490,000 mortgage at 8%$4,098.56 per month