What Is The Mortgage On A 500K House

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When we met with a real estate agent, he said that it would not be a problem and could definitely get into a house in this neighborhood with our employment and the down payment. I don’t understand how we can possible afford the mortgage on a $500,000 house with only 10% down.

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you need a smaller deposit and a smaller mortgage. Most mortgages need a 10% deposit as a minimum. Imagine the house cost £500K. That means you need 50K cash for your deposit – a huge amount of money..

Rob was able to pay off his $400000 mortgage in just 7.5 years, I wanted to obtain a good job, get married, buy a house and fill it up with some kiddos.. I'm tempted to pay off our 400-500K mortgage in the next few years.

I dont have a mortgage though, I just saved up 7 years and paid cah for it. I only pay cheap property tax and insurance for it. I live very comfortable with no financial burdens. Now, getting a mortgage for this house on a $150,000 salary would have been impossible. Mortgage wise, I definitely would have been out my league.

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As you begin to look at houses in your preferred location, you may find that. Related: Community second mortgages for down payment and.

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For a house priced at around $500,000, what would be the average "all in" closing costs? Find answers to this and many other questions on Trulia Voices, a community for you to find and share local information. Get answers, and share your insights and experience.

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Amortization Schedule. Amount of Loan: Annual Interest Rate (in percent) Length of Loan (in months) total payments 2,369.52: Total Interest $372,369.52: Number of monthly payments 360: Monthly Payment $2,423.25: Payment Number Beginning Balance Interest Payment