Current Mortgage Rates for a 490k Home

What are the current mortgage rates for a 490,000 House?
30-Year Average

6.94%

15-Year Average

6.24%

Rates are from Freddie Mac's weekly survey of mortgage lenders across the US (updated: 5/23/2024). 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 $490000 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 6.24% (15 Years) 6.94% (30 Years)
490k 24,500 465,500 3,988.77 3,078.25
490k 49,000 441,000 3,778.83 2,916.24
490k 73,500 416,500 3,568.90 2,754.22
490k 98,000 392,000 3,358.96 2,592.21
490k 122,500 367,500 3,149.03 2,430.20
490k 147,000 343,000 2,939.09 2,268.18
Monthly Payment Table for a $490,000 Mortgage
Rate 15 Year Mortgage Monthly 15 Year Mortgage Total 30 Year Mortgage Monthly 30 Year Mortgage Total
2% 3,153.19 567,574.67 1,811.14 652,008.75
2.5% 3,267.27 588,108.08 1,936.09 696,993.27
3% 3,383.85 609,093.01 2,065.86 743,709.52
3.5% 3,502.92 630,526.40 2,200.32 792,114.83
4% 3,624.47 652,404.75 2,339.33 842,160.58
4.5% 3,748.47 674,724.08 2,482.76 893,792.89
5% 3,874.89 697,479.98 2,630.43 946,953.34
5.5% 4,003.71 720,667.61 2,782.17 1,001,579.80
6% 4,134.90 744,281.72 2,937.80 1,057,607.13
6.5% 4,268.43 768,316.70 3,097.13 1,114,967.99
7% 4,404.26 792,766.53 3,259.98 1,173,593.60
7.5% 4,542.36 817,624.90 3,426.15 1,233,414.39
8% 4,682.70 842,885.14 3,595.45 1,294,360.71