Mortgage payments

What is the mortgage payment on $300,000?

Borrowing $300,000.00 at an illustrative 6.5% fixed rate for 30 years gives a principal-and-interest payment of $1,896.20 a month.

The example at a glance

Loan principal: $300,000.00
Home price: $375,000.00
Down payment (20%): $75,000.00
Monthly principal & interest: $1,896.20
Monthly property tax example: $318.75
Monthly insurance example: $150.00
Monthly PITI example: $2,364.95

Make the example fit your life

For the same loan and term, a 5.5% example rate gives $1,703.37 in principal and interest, while 7.5% gives $2,097.64. Taxes and insurance are added separately. Compare these rates below to see how financing changes the payment.

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Will FHA, VA or USDA have the same payment?

Loan programs can change the down payment, upfront fees and ongoing mortgage insurance or guarantee fees. Select a program below to load its assumptions. State-level property taxes are planning estimates; a property-specific tax bill and insurance quote improve the result.

Explore another example

What is the mortgage payment on $450,000? →What is the mortgage payment on $600,000? →

These examples show the stated assumptions. Calculators and reports are educational estimates; rates and local costs can differ. About our methods.