What goes into a mortgage payment?
A monthly mortgage payment is often called PITI: Principal, Interest, Taxes and Insurance. The principal and interest repay the loan itself, while property tax and home insurance are usually collected monthly and held in escrow.
How your down payment changes things
A bigger down payment means a smaller loan, a lower monthly payment, and less total interest. In many countries, putting down 20% or more also lets you avoid mortgage insurance. Try the down payment slider to see the effect instantly.
Monthly mortgage payment tables
Principal and interest per month by loan amount and rate. Property tax, insurance and any PMI come on top — the calculator above adds them for you.
30-year fixed
| Loan amount | 5.0% | 5.5% | 6.0% | 6.5% | 7.0% | 7.5% |
|---|---|---|---|---|---|---|
| $100,000 | $537 | $568 | $600 | $632 | $665 | $699 |
| $150,000 | $805 | $852 | $899 | $948 | $998 | $1,049 |
| $200,000 | $1,074 | $1,136 | $1,199 | $1,264 | $1,331 | $1,398 |
| $250,000 | $1,342 | $1,419 | $1,499 | $1,580 | $1,663 | $1,748 |
| $300,000 | $1,610 | $1,703 | $1,799 | $1,896 | $1,996 | $2,098 |
| $350,000 | $1,879 | $1,987 | $2,098 | $2,212 | $2,329 | $2,447 |
| $400,000 | $2,147 | $2,271 | $2,398 | $2,528 | $2,661 | $2,797 |
| $450,000 | $2,416 | $2,555 | $2,698 | $2,844 | $2,994 | $3,146 |
| $500,000 | $2,684 | $2,839 | $2,998 | $3,160 | $3,327 | $3,496 |
| $600,000 | $3,221 | $3,407 | $3,597 | $3,792 | $3,992 | $4,195 |
| $750,000 | $4,026 | $4,258 | $4,497 | $4,741 | $4,990 | $5,244 |
| $1,000,000 | $5,368 | $5,678 | $5,996 | $6,321 | $6,653 | $6,992 |
15-year fixed
| Loan amount | 5.0% | 5.5% | 6.0% | 6.5% | 7.0% | 7.5% |
|---|---|---|---|---|---|---|
| $100,000 | $791 | $817 | $844 | $871 | $899 | $927 |
| $150,000 | $1,186 | $1,226 | $1,266 | $1,307 | $1,348 | $1,391 |
| $200,000 | $1,582 | $1,634 | $1,688 | $1,742 | $1,798 | $1,854 |
| $250,000 | $1,977 | $2,043 | $2,110 | $2,178 | $2,247 | $2,318 |
| $300,000 | $2,372 | $2,451 | $2,532 | $2,613 | $2,696 | $2,781 |
| $350,000 | $2,768 | $2,860 | $2,953 | $3,049 | $3,146 | $3,245 |
| $400,000 | $3,163 | $3,268 | $3,375 | $3,484 | $3,595 | $3,708 |
| $450,000 | $3,559 | $3,677 | $3,797 | $3,920 | $4,045 | $4,172 |
| $500,000 | $3,954 | $4,085 | $4,219 | $4,356 | $4,494 | $4,635 |
| $600,000 | $4,745 | $4,903 | $5,063 | $5,227 | $5,393 | $5,562 |
| $750,000 | $5,931 | $6,128 | $6,329 | $6,533 | $6,741 | $6,953 |
| $1,000,000 | $7,908 | $8,171 | $8,439 | $8,711 | $8,988 | $9,270 |
A 15-year term costs more each month but saves a large amount of interest overall. On $300,000 at 6.5%, the 30-year loan costs $382,633 in interest; the 15-year, $170,398.
What is the monthly payment on a $300,000 mortgage?
About $1,896 a month for principal and interest on a 30-year loan at 6.5%, or $2,613 over 15 years. At 6.0% the 30-year payment drops to $1,799.
How much is a $200,000 mortgage per month?
$1,264 at 6.5% over 30 years, before tax and insurance. Each half-point of rate moves it by roughly $60–70 a month.
What is the payment on a $500,000 mortgage?
About $3,160 a month at 6.5% over 30 years — or $3,327 at 7%.
Why is so much of my early payment interest?
Mortgages are "front-loaded" — early payments are mostly interest, and more goes to principal over time. Extra payments early save the most.
Is this exact?
It's a close estimate. Your real payment may include HOA fees, PMI, or points, which vary by lender and location.