« Back to all home prices

Mortgage Costs for a $544,000 Home


Monthly Payment Options

Here are the monthly payments for a $544,000 home loan based on a down payment and current mortgage rate averages from Freddie Mac as of November 23, 2017. Check LendingTree to see current rates from multiple lenders or view the mortgage providers listed below.

Down Payment
(% - Amount)
15 Year Mortgage
(3.32% Fixed Rate)
30 Year Mortgage
(3.92% Fixed Rate)
0% - $0$3,841$2,572
3% - $16,320$3,726$2,495
5% - $27,200$3,649$2,444
7% - $38,080$3,572$2,392
10% - $54,400$3,457$2,315
15% - $81,600$3,265$2,186
20% - $108,800$3,073$2,058
25% - $136,000$2,881$1,929
30% - $163,200$2,689$1,800

Use our amortization calculator to create a printable payment schedule for any of these options. Just subtract your down payment from the home price and enter that number as the loan's principal.

Mortgage Providers

Choose a lender below and lock in your estimated payment of $1,182 or less (zip code: 20149)


NMLS #: 790396
$1,176 /mo
Learn more
Next
30 yr fixed mtg, 0 points | APR: 3.875% | Rate: 3.875% | Fees: $0 | 30 day rate lock

NMLS #: 181005
$1,194 /mo
Learn more
Next
30 yr fixed mtg, 0 points | APR: 4.029% | Rate: 4.000% | Fees: $870 | 45 day rate lock

NMLS #: 1838 | State Lic #: MC-4344
$1,140 /mo
Learn more
Next
30 yr fixed mtg, 0 points | APR: 3.666% | Rate: 3.625% | Fees: $1,256 | 30 day rate lock

NMLS #: 66247 | State Lic #: MC-1825
$1,140 /mo
Learn more
Next
30 yr fixed mtg, 0 points | APR: 3.689% | Rate: 3.625% | Fees: $1,962 | 30 day rate lock

NMLS #: 2890 | State Lic #: MC-3098
$1,158 /mo
Learn more
Next
30 yr fixed mtg, 0 points | APR: 3.751% | Rate: 3.750% | Fees: $23 | 30 day rate lock

NMLS #: 1071 | State Lic #: MC-1772
$1,176 /mo
Learn more
Next
30 yr fixed mtg, 0 points | APR: 3.875% | Rate: 3.875% | Fees: $0 | 30 day rate lock

NMLS #: 412915
$1,212 /mo
Learn more
Next
30 yr fixed mtg, 0 points | APR: 4.182% | Rate: 4.125% | Fees: $1,710 | 60 day rate lock

NMLS #: 424182
$1,158 /mo
Learn more
Next
30 yr fixed mtg, 0 points | APR: 3.780% | Rate: 3.750% | Fees: $909 | 30 day rate lock

NMLS #: 417490
$1,176 /mo
Learn more
Next
30 yr fixed mtg, 0 points | APR: 3.907% | Rate: 3.875% | Fees: $962 | 30 day rate lock

NMLS #: 227765 | State Lic #: MC-5920
$1,194 /mo
Learn more
Next
30 yr fixed mtg, 0 points | APR: 4.000% | Rate: 4.000% | Fees: $0 | 30 day rate lock

NMLS #: 2925 | State Lic #: MC-1875
$1,212 /mo
Learn more
Next
30 yr fixed mtg, 0 points | APR: 4.135% | Rate: 4.125% | Fees: $299 | 45 day rate lock

NMLS #: 7706
$1,176 /mo
Learn more
Next
30 yr fixed mtg, 0 points | APR: 3.875% | Rate: 3.875% | Fees: $0 | 30 day rate lock
Important information about our rate tables
The listings that appear on this page are from companies from which this website and Bankrate may receive compensation, which may impact how, where and in what order products appear. These listings do not include all companies or all available products. Neither Bankrate nor this website endorses or recommends any companies or products.


Total Costs Comparison

Here are the total cost (principal and interest) of each mortgage option not including the down payment.

Down Payment
(% - Amount)
15 Year Mortgage
(3.32% Fixed Rate)
30 Year Mortgage
(3.92% Fixed Rate)
0% - $0$691,390$925,960
3% - $16,320$670,648$898,182
5% - $27,200$656,820$879,662
7% - $38,080$642,992$861,143
10% - $54,400$622,251$833,364
15% - $81,600$587,681$787,066
20% - $108,800$553,112$740,768
25% - $136,000$518,542$694,470
30% - $163,200$483,973$648,172

Can I Afford a $544,000 Home?

Financial advisors recommend that your mortgage payment should be no more than 28% of your monthly household income. Considering that fact, here are the minimum required monthly incomes you need to afford this house based on your down payment.

Down Payment
(% - Amount)
15 Year Mortgage
Household Income
30 Year Mortgage
Household Income
0% - $0$13,718$9,186
3% - $16,320$13,307$8,911
5% - $27,200$13,032$8,727
7% - $38,080$12,758$8,543
10% - $54,400$12,346$8,268
15% - $81,600$11,660$7,808
20% - $108,800$10,974$7,349
25% - $136,000$10,289$6,890
30% - $163,200$9,603$6,430

Additional Fees to Consider

There are many additional fees that are associated with purchasing a home. Be sure to budget for these types of costs when making your purchase decision.

Fee Cost Description
Private Mortgage Insurance (PMI) A down payment of less than 20% often requires PMI which will increase your monthly payment. For a $544,000 home, a 20% down payment would be $108,800.
Home Purchasing Fees The buyer of a home will usually be required to pay for an inspection, closing costs and other fees during the closing process.
Taxes and Insurance Purchasing a more expensive home than before will usually result in paying more in taxes and insurance.
Homeowners' Association Fees Buying a home in a condominium or planned development may require paying a monthly or yearly fee.
Home Repairs and Improvements A house will often require repairs that were identified during the inspection process. This can range from very minor upgrades to significant repairs costing thousands of dollars. Make sure to also consider the replacement costs of older appliances in the house as they may need to be replaced at anytime.

Disclaimer

This information is provided "as-is" and should only be used for general informational purposes. All costs were rounded to the nearest dollar to make the page more legible. Although the cost calculations are believed to be reliable, its accuracy is not warranted in any way.