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 7% based on the loan length.
| Loan Details |
Monthly Payment |
|
300k For 5 Years at 7%
|
$5,940 / mo |
|
300k For 10 Years at 7%
|
$3,483 / mo |
|
300k For 15 Years at 7%
|
$2,696 / mo |
|
300k For 20 Years at 7%
|
$2,326 / mo |
|
300k For 25 Years at 7%
|
$2,120 / mo |
|
300k For 30 Years at 7%
|
$1,996 / 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 7% and 7.25% APR over 30 years on a 300k mortgage is
$50.62 per month.
That equates to a $18,224 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 7.000% |
$1,995.91 / mo |
$718,527 |
| 300,000 at 7.001% |
$1,996.11 / mo |
$718,599 |
| 300,000 at 7.002% |
$1,996.31 / mo |
$718,672 |
| 300,000 at 7.003% |
$1,996.51 / mo |
$718,744 |
| 300,000 at 7.004% |
$1,996.71 / mo |
$718,817 |
| 300,000 at 7.005% |
$1,996.91 / mo |
$718,889 |
| 300,000 at 7.006% |
$1,997.12 / mo |
$718,962 |
| 300,000 at 7.007% |
$1,997.32 / mo |
$719,034 |
| 300,000 at 7.008% |
$1,997.52 / mo |
$719,107 |
| 300,000 at 7.009% |
$1,997.72 / mo |
$719,180 |
| 300,000 at 7.010% |
$1,997.92 / mo |
$719,252 |
| 300,000 at 7.011% |
$1,998.12 / mo |
$719,325 |
| 300,000 at 7.012% |
$1,998.33 / mo |
$719,397 |
| 300,000 at 7.013% |
$1,998.53 / mo |
$719,470 |
| 300,000 at 7.014% |
$1,998.73 / mo |
$719,542 |
| 300,000 at 7.015% |
$1,998.93 / mo |
$719,615 |
| 300,000 at 7.016% |
$1,999.13 / mo |
$719,688 |
| 300,000 at 7.017% |
$1,999.33 / mo |
$719,760 |
| 300,000 at 7.018% |
$1,999.54 / mo |
$719,833 |
| 300,000 at 7.019% |
$1,999.74 / mo |
$719,905 |
| 300,000 at 7.020% |
$1,999.94 / mo |
$719,978 |
| 300,000 at 7.021% |
$2,000.14 / mo |
$720,051 |
| 300,000 at 7.022% |
$2,000.34 / mo |
$720,123 |
| 300,000 at 7.023% |
$2,000.54 / mo |
$720,196 |
| 300,000 at 7.024% |
$2,000.75 / mo |
$720,268 |
| 300,000 at 7.025% |
$2,000.95 / mo |
$720,341 |
| 300,000 at 7.026% |
$2,001.15 / mo |
$720,414 |
| 300,000 at 7.027% |
$2,001.35 / mo |
$720,486 |
| 300,000 at 7.028% |
$2,001.55 / mo |
$720,559 |
| 300,000 at 7.029% |
$2,001.75 / mo |
$720,631 |
| 300,000 at 7.030% |
$2,001.96 / mo |
$720,704 |
| 300,000 at 7.031% |
$2,002.16 / mo |
$720,777 |
| 300,000 at 7.032% |
$2,002.36 / mo |
$720,849 |
| 300,000 at 7.033% |
$2,002.56 / mo |
$720,922 |
| 300,000 at 7.034% |
$2,002.76 / mo |
$720,994 |
| 300,000 at 7.035% |
$2,002.96 / mo |
$721,067 |
| 300,000 at 7.036% |
$2,003.17 / mo |
$721,140 |
| 300,000 at 7.037% |
$2,003.37 / mo |
$721,212 |
| 300,000 at 7.038% |
$2,003.57 / mo |
$721,285 |
| 300,000 at 7.039% |
$2,003.77 / mo |
$721,358 |
| 300,000 at 7.040% |
$2,003.97 / mo |
$721,430 |
| 300,000 at 7.041% |
$2,004.17 / mo |
$721,503 |
| 300,000 at 7.042% |
$2,004.38 / mo |
$721,576 |
| 300,000 at 7.043% |
$2,004.58 / mo |
$721,648 |
| 300,000 at 7.044% |
$2,004.78 / mo |
$721,721 |
| 300,000 at 7.045% |
$2,004.98 / mo |
$721,794 |
| 300,000 at 7.046% |
$2,005.18 / mo |
$721,866 |
| 300,000 at 7.047% |
$2,005.39 / mo |
$721,939 |
| 300,000 at 7.048% |
$2,005.59 / mo |
$722,012 |
| 300,000 at 7.049% |
$2,005.79 / mo |
$722,084 |