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Mortgage Calculator — $500K, 15-Year Term

Monthly payment and total interest on a $500,000 home with a 15-year mortgage.

Monthly P&I

$3,484.43

PMI (if applicable)

None (≥20% down)

Property Tax (est.)

$500.00/mo

Total Monthly Payment

$4,109.43

Total Interest Paid

$227,197.30

Loan Amount

$400,000.00

PMI (~0.5–1%) required for down payments under 20%. Property tax estimated at 1.2% annually.

PMI (~0.5–1%) required for down payments under 20%. Property tax estimated at 1.2% annually.