Current Mortgage Rates for a 505k Home

What are the current mortgage rates for a 505,000 House?
30-Year Average

6.88%

15-Year Average

6.16%

Rates are from Freddie Mac's weekly survey of mortgage lenders across the US (updated: 4/11/2024). 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 $505000 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 6.16% (15 Years) 6.88% (30 Years)
505k 25,250 479,750 4,089.99 3,153.22
505k 50,500 454,500 3,874.73 2,987.26
505k 75,750 429,250 3,659.47 2,821.30
505k 101,000 404,000 3,444.20 2,655.34
505k 126,250 378,750 3,228.94 2,489.38
505k 151,500 353,500 3,013.68 2,323.42
Monthly Payment Table for a $505,000 Mortgage
Rate 15 Year Mortgage Monthly 15 Year Mortgage Total 30 Year Mortgage Monthly 30 Year Mortgage Total
2% 3,249.72 584,949.41 1,866.58 671,968.20
2.5% 3,367.29 606,111.39 1,995.36 718,329.79
3% 3,487.44 627,738.71 2,129.10 766,476.13
3.5% 3,610.16 649,828.23 2,267.68 816,363.24
4% 3,735.42 672,376.32 2,410.95 867,941.01
4.5% 3,863.22 695,378.90 2,558.76 921,153.89
5% 3,993.51 718,831.41 2,710.95 975,941.71
5.5% 4,126.27 742,728.86 2,867.33 1,032,240.40
6% 4,261.48 767,065.86 3,027.73 1,089,982.85
6.5% 4,399.09 791,836.60 3,191.94 1,149,099.67
7% 4,539.08 817,034.90 3,359.78 1,209,519.94
7.5% 4,681.41 842,654.24 3,531.03 1,271,171.98
8% 4,826.04 868,687.74 3,705.51 1,333,984.00