Home Loan Calculator

$300,000 Mortgage
Calculator

15-year loan · 20% down · 6.9% APR

$300,000 mortgage (15yr at 6.9%) =
$2,143.79/month
With 20% down ($60,000) → $240,000 loan amount · $385,883 total paid · $145,883 interest
Home Price ($)
$
Down Payment (%)
%
Annual APR (%)
%
Loan Term (Years)
Monthly Payment
$2,143.79
$240,000 loan · 15yr · 6.9%
Loan Amount
$240,000
after down payment
Total Paid
$385,883
all payments
Total Interest
$145,883
cost of loan
Down Payment
$60,000
20% upfront
Annual Cost
$25,726
payments/year
Interest %
37.8%
of total paid

$300,000 Mortgage — Rate Comparison

Your monthly payment changes significantly with rate. Here's how a $240,000 loan ($300,000 with 20% down) compares across common rates for a 15-year term:

RateMonthly PaymentTotal InterestTotal Paid
5.5% $1,961.00 $112,980 $352,980
6% $2,025.26 $124,546 $364,546
6.5% $2,090.66 $136,318 $376,318
6.9% ★ $2,143.79 $145,883 $385,883
7% $2,157.19 $148,294 $388,294
7.5% $2,224.83 $160,469 $400,469
8% $2,293.57 $172,842 $412,842

15 vs 30 Year — $300,000 Mortgage

TermMonthly PaymentTotal InterestInterest Saved vs 30yr
15 years ★ $2,143.79 $145,883 $0 saved
20 years $1,846.34 $203,121 $0 saved
30 years $1,580.64 $329,031 —

True Cost of a $300,000 Home

Your mortgage payment is just part of total housing costs. Estimate the full picture:

Total housing cost estimate: $2,769–$3,144/month

Compare Other Mortgage Amounts
$150,000 · 15yr $200,000 · 15yr $250,000 · 15yr $350,000 · 15yr $400,000 · 15yr $450,000 · 15yr $300,000 · 30yr Full Mortgage Calculator
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