$300,000 mortgage at every rate
| Rate | 15 years | 20 years | 30 years |
|---|---|---|---|
| 5% | $2,372.38 | $1,979.87 | $1,610.46 |
| 5.5% | $2,451.25 | $2,063.66 | $1,703.37 |
| 6% | $2,531.57 | $2,149.29 | $1,798.65 |
| 6.25% | $2,572.27 | $2,192.78 | $1,847.15 |
| 6.5% | $2,613.32 | $2,236.72 | $1,896.20 |
| 6.75% | $2,654.73 | $2,281.09 | $1,945.79 |
| 7% | $2,696.48 | $2,325.90 | $1,995.91 |
| 7.5% | $2,781.04 | $2,416.78 | $2,097.64 |
| 8% | $2,866.96 | $2,509.32 | $2,201.29 |
Principal and interest only. The calculator above starts with a $375,000 home and 20% down (a $300,000 loan) – add property tax, insurance and PMI to see the full payment.
Other mortgage amounts (6.5%, 30 years)
- $100,000$632/month
- $150,000$948/month
- $200,000$1,264/month
- $250,000$1,580/month
- $300,000$1,896/month
- $350,000$2,212/month
- $400,000$2,528/month
- $450,000$2,844/month
- $500,000$3,160/month
- $600,000$3,792/month
- $700,000$4,424/month
- $800,000$5,057/month
- $900,000$5,689/month
- $1,000,000$6,321/month
Frequently asked questions
What is the monthly payment on a $300,000 mortgage?
At 6.5% for 30 years, $1,896.20 a month in principal and interest; for 15 years, $2,613.32. Taxes and insurance are extra.
How much interest on a $300,000 mortgage?
At 6.5% over 30 years, $382,633 – over 15 years only $170,398.
What income do I need for a $300,000 mortgage?
Lenders often want total housing costs under about 28% of gross income. A $1,896 payment plus about $375 of tax and insurance suggests an income near $97,337 a year.