$500,000 Mortgage at 7% for 30 Years

A $500,000 mortgage at 7% interest over 30 years has a monthly payment of approximately $3,327.

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How to use this tool

Enter loan amount, annual interest rate and term in the fields above.
Results update instantly as you type — or click Calculate.
Read your monthly payment and the full breakdown beneath it.

Find the monthly payment for a half-million-dollar home loan at 7% over 30 years.

Frequently asked questions

How is a monthly mortgage payment calculated?: Using the amortization formula: P × r(1+r)^n / ((1+r)^n − 1), where r is the monthly rate and n is the number of months.
Does this include taxes and insurance?: No — this estimates principal and interest only. Add property tax, insurance, and PMI separately.