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While there are many variables, we can use the following calculations as a starting point for what the average mortgage payment of a $500,000 house might be. If you were using an FHA loan with a 3.5% down payment and paying 4.35% interest rate on a 30 year loan, your mortgage payment could be around: $2,115.70/mo. Use this Mortgage Calculator to use your own calculations.

Homes for Sale around $500,000