The monthly payment depends on the loan amount, interest rate, and length of the loan. A typical mortgage is 30 years, spread out of 360 equal monthly payments. Enter your loan details above for a specific calculation. The chart below shows the monthly payment for a mortgage balance of $300,000 at 5% based on the loan length.
| Loan Details |
Monthly Payment |
|
300k For 5 Years at 5%
|
$5,661 / mo |
|
300k For 10 Years at 5%
|
$3,182 / mo |
|
300k For 15 Years at 5%
|
$2,372 / mo |
|
300k For 20 Years at 5%
|
$1,980 / mo |
|
300k For 25 Years at 5%
|
$1,754 / mo |
|
300k For 30 Years at 5%
|
$1,610 / mo |
It's surprising how a small change in rates can have a big impact on the total amount paid over the course of the mortgage. The difference in payments between a 5% and 5.25% APR over 30 years on a 300k mortgage is
$46.15 per month.
That equates to a $16,613 difference over the course of 360 payments. View the chart below to see the total amount paid for a 300,000 mortgage over 30 years.
| Loan Details |
Monthly Payment (30 Year Mortgage) |
Total Paid Over 30 Years |
| 300,000 at 5.000% |
$1,610.46 / mo |
$579,767 |
| 300,000 at 5.001% |
$1,610.65 / mo |
$579,833 |
| 300,000 at 5.002% |
$1,610.83 / mo |
$579,899 |
| 300,000 at 5.003% |
$1,611.01 / mo |
$579,965 |
| 300,000 at 5.004% |
$1,611.20 / mo |
$580,031 |
| 300,000 at 5.005% |
$1,611.38 / mo |
$580,097 |
| 300,000 at 5.006% |
$1,611.57 / mo |
$580,163 |
| 300,000 at 5.007% |
$1,611.75 / mo |
$580,229 |
| 300,000 at 5.008% |
$1,611.93 / mo |
$580,296 |
| 300,000 at 5.009% |
$1,612.12 / mo |
$580,362 |
| 300,000 at 5.010% |
$1,612.30 / mo |
$580,428 |
| 300,000 at 5.011% |
$1,612.48 / mo |
$580,494 |
| 300,000 at 5.012% |
$1,612.67 / mo |
$580,560 |
| 300,000 at 5.013% |
$1,612.85 / mo |
$580,626 |
| 300,000 at 5.014% |
$1,613.03 / mo |
$580,692 |
| 300,000 at 5.015% |
$1,613.22 / mo |
$580,758 |
| 300,000 at 5.016% |
$1,613.40 / mo |
$580,824 |
| 300,000 at 5.017% |
$1,613.58 / mo |
$580,890 |
| 300,000 at 5.018% |
$1,613.77 / mo |
$580,956 |
| 300,000 at 5.019% |
$1,613.95 / mo |
$581,022 |
| 300,000 at 5.020% |
$1,614.13 / mo |
$581,088 |
| 300,000 at 5.021% |
$1,614.32 / mo |
$581,154 |
| 300,000 at 5.022% |
$1,614.50 / mo |
$581,220 |
| 300,000 at 5.023% |
$1,614.68 / mo |
$581,286 |
| 300,000 at 5.024% |
$1,614.87 / mo |
$581,353 |
| 300,000 at 5.025% |
$1,615.05 / mo |
$581,419 |
| 300,000 at 5.026% |
$1,615.24 / mo |
$581,485 |
| 300,000 at 5.027% |
$1,615.42 / mo |
$581,551 |
| 300,000 at 5.028% |
$1,615.60 / mo |
$581,617 |
| 300,000 at 5.029% |
$1,615.79 / mo |
$581,683 |
| 300,000 at 5.030% |
$1,615.97 / mo |
$581,749 |
| 300,000 at 5.031% |
$1,616.15 / mo |
$581,815 |
| 300,000 at 5.032% |
$1,616.34 / mo |
$581,881 |
| 300,000 at 5.033% |
$1,616.52 / mo |
$581,947 |
| 300,000 at 5.034% |
$1,616.70 / mo |
$582,014 |
| 300,000 at 5.035% |
$1,616.89 / mo |
$582,080 |
| 300,000 at 5.036% |
$1,617.07 / mo |
$582,146 |
| 300,000 at 5.037% |
$1,617.26 / mo |
$582,212 |
| 300,000 at 5.038% |
$1,617.44 / mo |
$582,278 |
| 300,000 at 5.039% |
$1,617.62 / mo |
$582,344 |
| 300,000 at 5.040% |
$1,617.81 / mo |
$582,410 |
| 300,000 at 5.041% |
$1,617.99 / mo |
$582,477 |
| 300,000 at 5.042% |
$1,618.17 / mo |
$582,543 |
| 300,000 at 5.043% |
$1,618.36 / mo |
$582,609 |
| 300,000 at 5.044% |
$1,618.54 / mo |
$582,675 |
| 300,000 at 5.045% |
$1,618.73 / mo |
$582,741 |
| 300,000 at 5.046% |
$1,618.91 / mo |
$582,807 |
| 300,000 at 5.047% |
$1,619.09 / mo |
$582,874 |
| 300,000 at 5.048% |
$1,619.28 / mo |
$582,940 |
| 300,000 at 5.049% |
$1,619.46 / mo |
$583,006 |