500k Mortgage For 20 Years

What's the monthly mortgage payment for a $500,000 mortgage for 20 years?
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500k 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 500000 loan at 5.25% is 3,369.22/month. At 6.25% that mortgage payment jumps to 3,654.64/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 $68,501 more than the 5.25% mortgage after 240 payments.

How much is the monthly payment for a 500,000 over 20 years? Browse the table below to view monthly payments based on interest rate.

Monthly Mortgage Payment for a $500,000 Loan over 240 Months

Monthly Payment by Interest Rate (20 Year Loan)
20 Year mortgage Payment
$500,000 mortgage at 1.25%$2,355.67 per month
$500,000 mortgage at 1.5%$2,412.73 per month
$500,000 mortgage at 1.75%$2,470.64 per month
$500,000 mortgage at 2%$2,529.42 per month
$500,000 mortgage at 2.25%$2,589.04 per month
$500,000 mortgage at 2.5%$2,649.51 per month
$500,000 mortgage at 2.75%$2,710.83 per month
$500,000 mortgage at 3%$2,772.99 per month
$500,000 mortgage at 3.25%$2,835.98 per month
$500,000 mortgage at 3.5%$2,899.80 per month
$500,000 mortgage at 3.75%$2,964.44 per month
$500,000 mortgage at 4%$3,029.90 per month
$500,000 mortgage at 4.25%$3,096.17 per month
$500,000 mortgage at 4.5%$3,163.25 per month
20 Year mortgage Payment
$500,000 mortgage at 4.75%$3,231.12 per month
$500,000 mortgage at 5%$3,299.78 per month
$500,000 mortgage at 5.25%$3,369.22 per month
$500,000 mortgage at 5.5%$3,439.44 per month
$500,000 mortgage at 5.75%$3,510.42 per month
$500,000 mortgage at 6%$3,582.16 per month
$500,000 mortgage at 6.25%$3,654.64 per month
$500,000 mortgage at 6.5%$3,727.87 per month
$500,000 mortgage at 6.75%$3,801.82 per month
$500,000 mortgage at 7%$3,876.49 per month
$500,000 mortgage at 7.25%$3,951.88 per month
$500,000 mortgage at 7.5%$4,027.97 per month
$500,000 mortgage at 7.75%$4,104.74 per month
$500,000 mortgage at 8%$4,182.20 per month