$50,000 mortgage payment by interest rate
| Rate | 30 years | 20 years | 15 years |
|---|---|---|---|
| 5% | $268 | $330 | $395 |
| 5.5% | $284 | $344 | $409 |
| 6% | $300 | $358 | $422 |
| 6.5% | $316 | $373 | $436 |
| 7% | $333 | $388 | $449 |
| 7.5% | $350 | $403 | $464 |
| 8% | $367 | $418 | $478 |
Monthly principal and interest only.
Total interest on a $50,000 mortgage
| Rate | 30 years | 15 years |
|---|---|---|
| 5% | $46,628 | $21,171 |
| 5.5% | $52,202 | $23,538 |
| 6% | $57,919 | $25,947 |
| 6.5% | $63,772 | $28,400 |
| 7% | $69,754 | $30,895 |
| 7.5% | $75,859 | $33,431 |
| 8% | $82,078 | $36,009 |
Calculate your full payment
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Frequently asked questions
What is the monthly payment on a $50,000 mortgage?
At 6.5% for 30 years, a $50,000 mortgage costs $316.03 a month in principal and interest. On a 15-year term at the same rate it's $435.55. Property tax, insurance and any PMI are extra.
How much income do I need for a $50,000 mortgage?
Using the common 28% rule and allowing about $83 a month for property tax and insurance, you'd need a household income of roughly $17,116 a year at 6.5% for 30 years.
How much interest will I pay on a $50,000 mortgage?
Over 30 years at 6.5%, total interest is about $63,772. A 15-year loan at the same rate costs about $28,400, much less, but with higher monthly payments.
Other loan amounts
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Estimates for general information only, not financial advice. See how we calculate.