Precomputed mortgage answer

Mortgage payment on a $500,000 loan at 5.5% for 30 years

Direct answer

≈ $2,839 per monthFor principal and interest only. Over 30 years, you’ll pay approximately $522,020 in total interest and $1,022,020 across 360 payments.
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$500,000 mortgage payment table

Principal and interest by rate and loan term. Taxes, insurance and fees are not included.
Interest rate15-year term20-year term30-year term
5.50%$4,085/mo$3,439/moSelected$2,839/mo
5.75%$4,152/mo$3,510/mo$2,918/mo
6.00%$4,219/mo$3,582/mo$2,998/mo
6.25%$4,287/mo$3,655/mo$3,079/mo
6.50%$4,356/mo$3,728/mo$3,160/mo
6.75%$4,425/mo$3,802/mo$3,243/mo
7.00%$4,494/mo$3,876/mo$3,327/mo
7.25%$4,564/mo$3,952/mo$3,411/mo
7.50%$4,635/mo$4,028/mo$3,496/mo
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Your estimated payment$2,839/mo
Rate context: Freddie Mac PMMS average , Oct 2026 Source verified

Common questions

About a $500,000 mortgage

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