Home Loan Calculator

$300,000 Mortgage
Calculator

30-year loan · 20% down · 6.9% APR

$300,000 mortgage (30yr at 6.9%) =
$1,580.64/month
With 20% down ($60,000) → $240,000 loan amount · $569,031 total paid · $329,031 interest
Home Price ($)
$
Down Payment (%)
%
Annual APR (%)
%
Loan Term (Years)
Monthly Payment
$1,580.64
$240,000 loan · 30yr · 6.9%
Loan Amount
$240,000
after down payment
Total Paid
$569,031
all payments
Total Interest
$329,031
cost of loan
Down Payment
$60,000
20% upfront
Annual Cost
$18,968
payments/year
Interest %
57.8%
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 30-year term:

RateMonthly PaymentTotal InterestTotal Paid
5.5% $1,362.69 $250,570 $490,570
6% $1,438.92 $278,012 $518,012
6.5% $1,516.96 $306,107 $546,107
6.9% ★ $1,580.64 $329,031 $569,031
7% $1,596.73 $334,821 $574,821
7.5% $1,678.11 $364,121 $604,121
8% $1,761.03 $393,973 $633,973

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: $2,206–$2,581/month

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