Current Mortgage Rates for a 480k Home

What are the current mortgage rates for a 480,000 House?
30-Year Average

7.02%

15-Year Average

6.28%

Rates are from Freddie Mac's weekly survey of mortgage lenders across the US (updated: 5/16/2024). Check with a lender to get a complete idea of the mortgage costs. Use the calculator below to estimate monthly payments.
Mortgage Summary
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To get the best rates, compare multiple quotes from local banks and online lenders. A small change in APR can have a big impact on your total costs for a $480000 mortgage.

Get mortgage quotes directly from lenders to confirm your APR. Fees, such as closing costs can vary by lender so it's important to get a few quotes.

Browse the chart below to see monthly and total payments based on interest rate for 15 and 30 year fixed mortgage loans.
Monthly Mortgage Payment Based on Current Rates
Price Down Payment Loan Amount 6.28% (15 Years) 7.02% (30 Years)
480k 24,000 456,000 3,917.31 3,039.91
480k 48,000 432,000 3,711.13 2,879.91
480k 72,000 408,000 3,504.96 2,719.92
480k 96,000 384,000 3,298.79 2,559.92
480k 120,000 360,000 3,092.61 2,399.93
480k 144,000 336,000 2,886.44 2,239.93
Monthly Payment Table for a $480,000 Mortgage
Rate 15 Year Mortgage Monthly 15 Year Mortgage Total 30 Year Mortgage Monthly 30 Year Mortgage Total
2% 3,088.84 555,991.52 1,774.17 638,702.45
2.5% 3,200.59 576,105.88 1,896.58 682,768.91
3% 3,314.79 596,662.54 2,023.70 728,531.77
3.5% 3,431.44 617,658.52 2,155.41 775,949.22
4% 3,550.50 639,090.37 2,291.59 824,973.63
4.5% 3,671.97 660,954.20 2,432.09 875,552.22
5% 3,795.81 683,245.69 2,576.74 927,627.76
5.5% 3,922.00 705,960.10 2,725.39 981,139.39
6% 4,050.51 729,092.30 2,877.84 1,036,023.31
6.5% 4,181.32 752,636.76 3,033.93 1,092,213.54
7% 4,314.38 776,587.63 3,193.45 1,149,642.71
7.5% 4,449.66 800,938.68 3,356.23 1,208,242.67
8% 4,587.13 825,683.40 3,522.07 1,267,945.18