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 6.5% based on the loan length.
| Loan Details |
Monthly Payment |
|
300k For 5 Years at 6.5%
|
$5,870 / mo |
|
300k For 10 Years at 6.5%
|
$3,406 / mo |
|
300k For 15 Years at 6.5%
|
$2,613 / mo |
|
300k For 20 Years at 6.5%
|
$2,237 / mo |
|
300k For 25 Years at 6.5%
|
$2,026 / mo |
|
300k For 30 Years at 6.5%
|
$1,896 / 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 6.5% and 6.75% APR over 30 years on a 300k mortgage is
$49.59 per month.
That equates to a $17,852 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 6.500% |
$1,896.20 / mo |
$682,633 |
| 300,000 at 6.501% |
$1,896.40 / mo |
$682,704 |
| 300,000 at 6.502% |
$1,896.60 / mo |
$682,776 |
| 300,000 at 6.503% |
$1,896.80 / mo |
$682,847 |
| 300,000 at 6.504% |
$1,896.99 / mo |
$682,918 |
| 300,000 at 6.505% |
$1,897.19 / mo |
$682,989 |
| 300,000 at 6.506% |
$1,897.39 / mo |
$683,060 |
| 300,000 at 6.507% |
$1,897.59 / mo |
$683,131 |
| 300,000 at 6.508% |
$1,897.78 / mo |
$683,202 |
| 300,000 at 6.509% |
$1,897.98 / mo |
$683,273 |
| 300,000 at 6.510% |
$1,898.18 / mo |
$683,344 |
| 300,000 at 6.511% |
$1,898.37 / mo |
$683,415 |
| 300,000 at 6.512% |
$1,898.57 / mo |
$683,486 |
| 300,000 at 6.513% |
$1,898.77 / mo |
$683,557 |
| 300,000 at 6.514% |
$1,898.97 / mo |
$683,628 |
| 300,000 at 6.515% |
$1,899.16 / mo |
$683,699 |
| 300,000 at 6.516% |
$1,899.36 / mo |
$683,770 |
| 300,000 at 6.517% |
$1,899.56 / mo |
$683,841 |
| 300,000 at 6.518% |
$1,899.76 / mo |
$683,912 |
| 300,000 at 6.519% |
$1,899.95 / mo |
$683,984 |
| 300,000 at 6.520% |
$1,900.15 / mo |
$684,055 |
| 300,000 at 6.521% |
$1,900.35 / mo |
$684,126 |
| 300,000 at 6.522% |
$1,900.55 / mo |
$684,197 |
| 300,000 at 6.523% |
$1,900.74 / mo |
$684,268 |
| 300,000 at 6.524% |
$1,900.94 / mo |
$684,339 |
| 300,000 at 6.525% |
$1,901.14 / mo |
$684,410 |
| 300,000 at 6.526% |
$1,901.34 / mo |
$684,481 |
| 300,000 at 6.527% |
$1,901.53 / mo |
$684,552 |
| 300,000 at 6.528% |
$1,901.73 / mo |
$684,623 |
| 300,000 at 6.529% |
$1,901.93 / mo |
$684,695 |
| 300,000 at 6.530% |
$1,902.13 / mo |
$684,766 |
| 300,000 at 6.531% |
$1,902.32 / mo |
$684,837 |
| 300,000 at 6.532% |
$1,902.52 / mo |
$684,908 |
| 300,000 at 6.533% |
$1,902.72 / mo |
$684,979 |
| 300,000 at 6.534% |
$1,902.92 / mo |
$685,050 |
| 300,000 at 6.535% |
$1,903.11 / mo |
$685,121 |
| 300,000 at 6.536% |
$1,903.31 / mo |
$685,192 |
| 300,000 at 6.537% |
$1,903.51 / mo |
$685,264 |
| 300,000 at 6.538% |
$1,903.71 / mo |
$685,335 |
| 300,000 at 6.539% |
$1,903.91 / mo |
$685,406 |
| 300,000 at 6.540% |
$1,904.10 / mo |
$685,477 |
| 300,000 at 6.541% |
$1,904.30 / mo |
$685,548 |
| 300,000 at 6.542% |
$1,904.50 / mo |
$685,619 |
| 300,000 at 6.543% |
$1,904.70 / mo |
$685,690 |
| 300,000 at 6.544% |
$1,904.89 / mo |
$685,762 |
| 300,000 at 6.545% |
$1,905.09 / mo |
$685,833 |
| 300,000 at 6.546% |
$1,905.29 / mo |
$685,904 |
| 300,000 at 6.547% |
$1,905.49 / mo |
$685,975 |
| 300,000 at 6.548% |
$1,905.68 / mo |
$686,046 |
| 300,000 at 6.549% |
$1,905.88 / mo |
$686,117 |