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 6% based on the loan length.
| Loan Details |
Monthly Payment |
|
300k For 5 Years at 6%
|
$5,800 / mo |
|
300k For 10 Years at 6%
|
$3,331 / mo |
|
300k For 15 Years at 6%
|
$2,532 / mo |
|
300k For 20 Years at 6%
|
$2,149 / mo |
|
300k For 25 Years at 6%
|
$1,933 / mo |
|
300k For 30 Years at 6%
|
$1,799 / 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 6% and 6.25% APR over 30 years on a 300k mortgage is
$48.50 per month.
That equates to a $17,460 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 6.000% |
$1,798.65 / mo |
$647,515 |
| 300,000 at 6.001% |
$1,798.84 / mo |
$647,584 |
| 300,000 at 6.002% |
$1,799.04 / mo |
$647,653 |
| 300,000 at 6.003% |
$1,799.23 / mo |
$647,723 |
| 300,000 at 6.004% |
$1,799.42 / mo |
$647,792 |
| 300,000 at 6.005% |
$1,799.62 / mo |
$647,862 |
| 300,000 at 6.006% |
$1,799.81 / mo |
$647,931 |
| 300,000 at 6.007% |
$1,800.00 / mo |
$648,001 |
| 300,000 at 6.008% |
$1,800.19 / mo |
$648,070 |
| 300,000 at 6.009% |
$1,800.39 / mo |
$648,140 |
| 300,000 at 6.010% |
$1,800.58 / mo |
$648,209 |
| 300,000 at 6.011% |
$1,800.77 / mo |
$648,279 |
| 300,000 at 6.012% |
$1,800.97 / mo |
$648,348 |
| 300,000 at 6.013% |
$1,801.16 / mo |
$648,418 |
| 300,000 at 6.014% |
$1,801.35 / mo |
$648,487 |
| 300,000 at 6.015% |
$1,801.55 / mo |
$648,556 |
| 300,000 at 6.016% |
$1,801.74 / mo |
$648,626 |
| 300,000 at 6.017% |
$1,801.93 / mo |
$648,695 |
| 300,000 at 6.018% |
$1,802.12 / mo |
$648,765 |
| 300,000 at 6.019% |
$1,802.32 / mo |
$648,834 |
| 300,000 at 6.020% |
$1,802.51 / mo |
$648,904 |
| 300,000 at 6.021% |
$1,802.70 / mo |
$648,973 |
| 300,000 at 6.022% |
$1,802.90 / mo |
$649,043 |
| 300,000 at 6.023% |
$1,803.09 / mo |
$649,112 |
| 300,000 at 6.024% |
$1,803.28 / mo |
$649,182 |
| 300,000 at 6.025% |
$1,803.48 / mo |
$649,251 |
| 300,000 at 6.026% |
$1,803.67 / mo |
$649,321 |
| 300,000 at 6.027% |
$1,803.86 / mo |
$649,391 |
| 300,000 at 6.028% |
$1,804.06 / mo |
$649,460 |
| 300,000 at 6.029% |
$1,804.25 / mo |
$649,530 |
| 300,000 at 6.030% |
$1,804.44 / mo |
$649,599 |
| 300,000 at 6.031% |
$1,804.64 / mo |
$649,669 |
| 300,000 at 6.032% |
$1,804.83 / mo |
$649,738 |
| 300,000 at 6.033% |
$1,805.02 / mo |
$649,808 |
| 300,000 at 6.034% |
$1,805.21 / mo |
$649,877 |
| 300,000 at 6.035% |
$1,805.41 / mo |
$649,947 |
| 300,000 at 6.036% |
$1,805.60 / mo |
$650,016 |
| 300,000 at 6.037% |
$1,805.79 / mo |
$650,086 |
| 300,000 at 6.038% |
$1,805.99 / mo |
$650,155 |
| 300,000 at 6.039% |
$1,806.18 / mo |
$650,225 |
| 300,000 at 6.040% |
$1,806.37 / mo |
$650,295 |
| 300,000 at 6.041% |
$1,806.57 / mo |
$650,364 |
| 300,000 at 6.042% |
$1,806.76 / mo |
$650,434 |
| 300,000 at 6.043% |
$1,806.95 / mo |
$650,503 |
| 300,000 at 6.044% |
$1,807.15 / mo |
$650,573 |
| 300,000 at 6.045% |
$1,807.34 / mo |
$650,642 |
| 300,000 at 6.046% |
$1,807.53 / mo |
$650,712 |
| 300,000 at 6.047% |
$1,807.73 / mo |
$650,782 |
| 300,000 at 6.048% |
$1,807.92 / mo |
$650,851 |
| 300,000 at 6.049% |
$1,808.11 / mo |
$650,921 |