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 5.5% based on the loan length.
| Loan Details |
Monthly Payment |
|
300k For 5 Years at 5.5%
|
$5,730 / mo |
|
300k For 10 Years at 5.5%
|
$3,256 / mo |
|
300k For 15 Years at 5.5%
|
$2,451 / mo |
|
300k For 20 Years at 5.5%
|
$2,064 / mo |
|
300k For 25 Years at 5.5%
|
$1,842 / mo |
|
300k For 30 Years at 5.5%
|
$1,703 / 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 5.5% and 5.75% APR over 30 years on a 300k mortgage is
$47.35 per month.
That equates to a $17,047 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 5.500% |
$1,703.37 / mo |
$613,212 |
| 300,000 at 5.501% |
$1,703.56 / mo |
$613,280 |
| 300,000 at 5.502% |
$1,703.74 / mo |
$613,348 |
| 300,000 at 5.503% |
$1,703.93 / mo |
$613,415 |
| 300,000 at 5.504% |
$1,704.12 / mo |
$613,483 |
| 300,000 at 5.505% |
$1,704.31 / mo |
$613,551 |
| 300,000 at 5.506% |
$1,704.50 / mo |
$613,619 |
| 300,000 at 5.507% |
$1,704.68 / mo |
$613,687 |
| 300,000 at 5.508% |
$1,704.87 / mo |
$613,754 |
| 300,000 at 5.509% |
$1,705.06 / mo |
$613,822 |
| 300,000 at 5.510% |
$1,705.25 / mo |
$613,890 |
| 300,000 at 5.511% |
$1,705.44 / mo |
$613,958 |
| 300,000 at 5.512% |
$1,705.63 / mo |
$614,025 |
| 300,000 at 5.513% |
$1,705.81 / mo |
$614,093 |
| 300,000 at 5.514% |
$1,706.00 / mo |
$614,161 |
| 300,000 at 5.515% |
$1,706.19 / mo |
$614,229 |
| 300,000 at 5.516% |
$1,706.38 / mo |
$614,297 |
| 300,000 at 5.517% |
$1,706.57 / mo |
$614,365 |
| 300,000 at 5.518% |
$1,706.76 / mo |
$614,432 |
| 300,000 at 5.519% |
$1,706.94 / mo |
$614,500 |
| 300,000 at 5.520% |
$1,707.13 / mo |
$614,568 |
| 300,000 at 5.521% |
$1,707.32 / mo |
$614,636 |
| 300,000 at 5.522% |
$1,707.51 / mo |
$614,704 |
| 300,000 at 5.523% |
$1,707.70 / mo |
$614,772 |
| 300,000 at 5.524% |
$1,707.89 / mo |
$614,839 |
| 300,000 at 5.525% |
$1,708.08 / mo |
$614,907 |
| 300,000 at 5.526% |
$1,708.26 / mo |
$614,975 |
| 300,000 at 5.527% |
$1,708.45 / mo |
$615,043 |
| 300,000 at 5.528% |
$1,708.64 / mo |
$615,111 |
| 300,000 at 5.529% |
$1,708.83 / mo |
$615,179 |
| 300,000 at 5.530% |
$1,709.02 / mo |
$615,246 |
| 300,000 at 5.531% |
$1,709.21 / mo |
$615,314 |
| 300,000 at 5.532% |
$1,709.40 / mo |
$615,382 |
| 300,000 at 5.533% |
$1,709.58 / mo |
$615,450 |
| 300,000 at 5.534% |
$1,709.77 / mo |
$615,518 |
| 300,000 at 5.535% |
$1,709.96 / mo |
$615,586 |
| 300,000 at 5.536% |
$1,710.15 / mo |
$615,654 |
| 300,000 at 5.537% |
$1,710.34 / mo |
$615,722 |
| 300,000 at 5.538% |
$1,710.53 / mo |
$615,790 |
| 300,000 at 5.539% |
$1,710.71 / mo |
$615,857 |
| 300,000 at 5.540% |
$1,710.90 / mo |
$615,925 |
| 300,000 at 5.541% |
$1,711.09 / mo |
$615,993 |
| 300,000 at 5.542% |
$1,711.28 / mo |
$616,061 |
| 300,000 at 5.543% |
$1,711.47 / mo |
$616,129 |
| 300,000 at 5.544% |
$1,711.66 / mo |
$616,197 |
| 300,000 at 5.545% |
$1,711.85 / mo |
$616,265 |
| 300,000 at 5.546% |
$1,712.04 / mo |
$616,333 |
| 300,000 at 5.547% |
$1,712.22 / mo |
$616,401 |
| 300,000 at 5.548% |
$1,712.41 / mo |
$616,469 |
| 300,000 at 5.549% |
$1,712.60 / mo |
$616,537 |