The monthly payment on a $500,000 mortgage depends on several factors, such as the interest rate, the loan term, and the down payment size. Here are some examples of monthly payments based on different interest rates and loan terms:

• At a 5.75% fixed interest rate, the monthly mortgage payment on a 30-year mortgage would be $2,918.
• At a 3.5% fixed interest rate, the monthly mortgage payment on a 30-year mortgage would be $1,796.
• At a 7.1% interest rate, the monthly cost of a $500,000 mortgage assuming a 30-year loan term would be $3,360.16.

Its important to note that these are just examples, and the exact cost and monthly payment for a mortgage will vary depending on its length and terms. Other expenses like closing costs, property taxes, and insurance should also be factored in when calculating the total cost of a mortgage.