Repayments on a $500,000 home loan
Principal & interest · 6% · 30 years
$2,997.75 per month
On a $500,000 loan at 6% over 30 years. Total interest about $579,190.95; total repaid about $1,079,190.95. The rate is an editable assumption — set yours below.
Mortgage repayment calculator
Principal & interest$2,997.75 per month
- Loan amount
- $500,000
- Total repaid over 30 years
- $1,079,190.95
- Total interest
- $579,190.95
Assumes a constant 6.00% rate over 30 years. Interest-only periods and rate changes will alter the total. Full breakdown for a $500,000 loan →
Repayment at different interest rates
| Interest rate | Monthly | Total interest | Total repaid |
|---|---|---|---|
| 5.5% p.a. | $2,838.95 | $522,020.20 | $1,022,020.20 |
| 6% p.a. | $2,997.75 | $579,190.95 | $1,079,190.95 |
| 6.5% p.a. | $3,160.34 | $637,722.44 | $1,137,722.44 |
Nearby loan amounts
Common questions
- What are the monthly repayments on a $500,000 home loan?
- About $2,997.75 a month on a $500,000 loan at 6% over 30 years (principal and interest). Total interest over the life of the loan is about $579,190.95. Your actual rate is set by your lender — adjust it above.
- How much does the interest rate change the repayment?
- On this $500,000 loan, 5.5% is about $2,838.95 a month, 6% is $2,997.75, and 6.5% is $3,160.34. Half a percent moves the monthly payment by roughly $158.80.
- How much interest will I pay in total?
- At 6% over 30 years you would repay about $1,079,190.95 in total on a $500,000 loan — roughly $579,190.95 of that is interest. Paying more than the minimum, or a shorter term, cuts the interest sharply.