Your monthly payment depends on four things: the price, your deposit, the interest rate and the length of the mortgage.
| Rate on a $500,000 loan, 30 years | Monthly payment |
|---|---|
| 5.0% | $2,684 |
| 6.0% | $2,998 |
| 7.0% | $3,327 |
A bigger deposit lowers the loan and often gets you a better rate too. Try your own numbers on our mortgage calculator, then talk to a lender before you make an offer.

