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$500K Mortgage Payment (30-Year)

A $500K mortgage over 30 years costs about $3,160/month in principal and interest at a 6.5% rate. At 5.5% it is $2,839/mo; at 7.5% it is $3,496/mo. Over the full term you would pay about $637,722 in interest.

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Monthly payment by interest rate

Interest rate	Monthly payment (30-year)
5.5%	$2,839
6.0%	$2,998
6.5%	$3,160
7.0%	$3,327
7.5%	$3,496

Principal and interest only. Your full monthly payment also includes property tax, homeowners insurance, PMI (if you put less than 20% down), and any HOA dues — add those in the calculator.

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Frequently asked questions

How much is a $500K mortgage per month?

At 6.5% over 30 years, a $500K mortgage is about $3,160 per month in principal and interest. Over 15 years it is about $4,356 per month.

How much total interest on a $500K mortgage?

Over 30 years at 6.5%, you would pay about $637,722 in total interest, for about $1,137,722 in total payments on the $500K loan.