Home Loan Calculator

$350,000 Mortgage
Calculator

15-year loan · 20% down · 6.9% APR

$350,000 mortgage (15yr at 6.9%) =
$2,501.09/month
With 20% down ($70,000) → $280,000 loan amount · $450,196 total paid · $170,196 interest
Home Price ($)
$
Down Payment (%)
%
Annual APR (%)
%
Loan Term (Years)
Monthly Payment
$2,501.09
$280,000 loan · 15yr · 6.9%
Loan Amount
$280,000
after down payment
Total Paid
$450,196
all payments
Total Interest
$170,196
cost of loan
Down Payment
$70,000
20% upfront
Annual Cost
$30,013
payments/year
Interest %
37.8%
of total paid

$350,000 Mortgage — Rate Comparison

Your monthly payment changes significantly with rate. Here's how a $280,000 loan ($350,000 with 20% down) compares across common rates for a 15-year term:

RateMonthly PaymentTotal InterestTotal Paid
5.5% $2,287.83 $131,810 $411,810
6% $2,362.80 $145,304 $425,304
6.5% $2,439.10 $159,038 $439,038
6.9% ★ $2,501.09 $170,196 $450,196
7% $2,516.72 $173,009 $453,009
7.5% $2,595.63 $187,214 $467,214
8% $2,675.83 $201,649 $481,649

15 vs 30 Year — $350,000 Mortgage

TermMonthly PaymentTotal InterestInterest Saved vs 30yr
15 years ★ $2,501.09 $170,196 $0 saved
20 years $2,154.06 $236,975 $0 saved
30 years $1,844.08 $383,869 —

True Cost of a $350,000 Home

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

Total housing cost estimate: $3,230–$3,668/month

Compare Other Mortgage Amounts
$200,000 · 15yr $250,000 · 15yr $300,000 · 15yr $400,000 · 15yr $450,000 · 15yr $500,000 · 15yr $350,000 · 30yr Full Mortgage Calculator
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