Monthly payment on a $300,000 house
$1,601.56/month principal and interest
$336,563 total interest over 30 years
Principal $240,000 Interest $336,563. 58¢ of every dollar paid goes to interest.
With 20% ($60,000) down: a $240,000 30-year loan at 7.03%, the Freddie Mac average for the week of September 24, 2026.
With estimated property tax: $1,796.56 a month.
Source: Freddie Mac Primary Mortgage Market Survey, week of September 24, 2026. An average, not an offer.
By down payment
| Down payment | Loan | Principal and interest | PMI | Monthly total | Total interest |
|---|---|---|---|---|---|
| 5% ($15,000) | $285,000 | $1,901.86 | $178.13 | $2,274.98 | $399,669 |
| 10% ($30,000) | $270,000 | $1,801.76 | $168.75 | $2,165.51 | $378,634 |
| 20% ($60,000) | $240,000 | $1,601.56 | — | $1,796.56 | $336,563 |
PMI is estimated at 0.75% of the loan a year and ends when the balance reaches 78% of the price: after 11 years 10 months with 5% down and 9 years 8 months with 10% down.
With taxes
| Principal and interest | $1,601.56 |
|---|---|
| Property tax 0.78% a year, estimate | $195.00 |
| Homeowners insurance | not included |
| Monthly total | $1,796.56 |
Estimate: the median of the 32 state rates we have sourced. Insurance is left out because we have no sourced average for this estimate yet; add your own quote.
Income needed
With 20% down, keeping $1,796.56 a month at 28% of gross income takes about $76,996 a year.
Payment on the $240,000 loan if the rate moves
| Rate | Monthly payment | Difference | Total interest |
|---|---|---|---|
| 5.25% | $1,325.29 | −$276.28 | $237,104 |
| 5.50% | $1,362.69 | −$238.87 | $250,570 |
| 5.75% | $1,400.57 | −$200.99 | $264,207 |
| 6.00% | $1,438.92 | −$162.64 | $278,012 |
| 6.25% | $1,477.72 | −$123.84 | $291,980 |
| 6.50% | $1,516.96 | −$84.60 | $306,107 |
| 6.75% | $1,556.64 | −$44.93 | $320,389 |
| 7.00% | $1,596.73 | −$4.84 | $334,821 |
| 7.03% this week's average | $1,601.56 | $0.00 | $336,563 |
| 7.25% | $1,637.22 | +$35.66 | $349,400 |
| 7.50% | $1,678.11 | +$76.55 | $364,121 |
| 7.75% | $1,719.39 | +$117.82 | $378,980 |
| 8.00% | $1,761.03 | +$159.47 | $393,973 |
| 8.25% | $1,803.04 | +$201.48 | $409,094 |
| 8.50% | $1,845.39 | +$243.83 | $424,341 |
| 8.75% | $1,888.08 | +$286.52 | $439,709 |
| 9.00% | $1,931.09 | +$329.53 | $455,194 |
By loan term (20% down)
| Term | Rate | Monthly payment | Total interest | Total paid |
|---|---|---|---|---|
| 15-year fixed PMMS 15-year average | 6.42% | $2,080.12 | $134,421 | $374,421 |
| 20-year fixed priced at the 30-year average (no weekly 20-year survey) | 7.03% | $1,865.04 | $207,610 | $447,610 |
| 30-year fixed PMMS 30-year average | 7.03% | $1,601.56 | $336,563 | $576,563 |
Amortization schedule
For the first 20 years 2 months, more of each payment goes to interest than to principal. From payment 243 on, principal takes the larger share.
First 12 months
| Month | Principal | Interest | Balance |
|---|---|---|---|
| 1 | $195.56 | $1,406.00 | $239,804.44 |
| 2 | $196.71 | $1,404.85 | $239,607.73 |
| 3 | $197.86 | $1,403.70 | $239,409.86 |
| 4 | $199.02 | $1,402.54 | $239,210.84 |
| 5 | $200.19 | $1,401.38 | $239,010.65 |
| 6 | $201.36 | $1,400.20 | $238,809.29 |
| 7 | $202.54 | $1,399.02 | $238,606.75 |
| 8 | $203.73 | $1,397.84 | $238,403.03 |
| 9 | $204.92 | $1,396.64 | $238,198.11 |
| 10 | $206.12 | $1,395.44 | $237,991.99 |
| 11 | $207.33 | $1,394.24 | $237,784.66 |
| 12 | $208.54 | $1,393.02 | $237,576.12 |
Year by year
| Year | Principal | Interest | Balance at year end |
|---|---|---|---|
| 1 | $2,424 | $16,795 | $237,576 |
| 2 | $2,600 | $16,619 | $234,976 |
| 3 | $2,789 | $16,430 | $232,188 |
| 4 | $2,991 | $16,228 | $229,196 |
| 5 | $3,208 | $16,010 | $225,988 |
| 6 | $3,441 | $15,777 | $222,547 |
| 7 | $3,691 | $15,528 | $218,856 |
| 8 | $3,959 | $15,260 | $214,896 |
| 9 | $4,247 | $14,972 | $210,650 |
| 10 | $4,555 | $14,664 | $206,095 |
| 11 | $4,886 | $14,333 | $201,209 |
| 12 | $5,240 | $13,978 | $195,969 |
| 13 | $5,621 | $13,598 | $190,348 |
| 14 | $6,029 | $13,190 | $184,318 |
| 15 | $6,467 | $12,752 | $177,852 |
| 16 | $6,936 | $12,282 | $170,915 |
| 17 | $7,440 | $11,779 | $163,475 |
| 18 | $7,980 | $11,238 | $155,495 |
| 19 | $8,560 | $10,659 | $146,935 |
| 20 | $9,181 | $10,037 | $137,753 |
| 21 | $9,848 | $9,371 | $127,905 |
| 22 | $10,563 | $8,656 | $117,342 |
| 23 | $11,330 | $7,889 | $106,012 |
| 24 | $12,153 | $7,066 | $93,860 |
| 25 | $13,035 | $6,184 | $80,824 |
| 26 | $13,982 | $5,237 | $66,843 |
| 27 | $14,997 | $4,222 | $51,846 |
| 28 | $16,086 | $3,133 | $35,760 |
| 29 | $17,254 | $1,965 | $18,507 |
| 30 | $18,507 | $712 | $0 |
| Total | $240,000 | $336,563 | $0 |
Full schedule, all 360 payments
| Month | Principal | Interest | Balance |
|---|---|---|---|
| 1 | 195.56 | 1,406.00 | 239,804.44 |
| 2 | 196.71 | 1,404.85 | 239,607.73 |
| 3 | 197.86 | 1,403.70 | 239,409.86 |
| 4 | 199.02 | 1,402.54 | 239,210.84 |
| 5 | 200.19 | 1,401.38 | 239,010.65 |
| 6 | 201.36 | 1,400.20 | 238,809.29 |
| 7 | 202.54 | 1,399.02 | 238,606.75 |
| 8 | 203.73 | 1,397.84 | 238,403.03 |
| 9 | 204.92 | 1,396.64 | 238,198.11 |
| 10 | 206.12 | 1,395.44 | 237,991.99 |
| 11 | 207.33 | 1,394.24 | 237,784.66 |
| 12 | 208.54 | 1,393.02 | 237,576.12 |
| 13 | 209.76 | 1,391.80 | 237,366.35 |
| 14 | 210.99 | 1,390.57 | 237,155.36 |
| 15 | 212.23 | 1,389.34 | 236,943.13 |
| 16 | 213.47 | 1,388.09 | 236,729.66 |
| 17 | 214.72 | 1,386.84 | 236,514.93 |
| 18 | 215.98 | 1,385.58 | 236,298.95 |
| 19 | 217.25 | 1,384.32 | 236,081.71 |
| 20 | 218.52 | 1,383.05 | 235,863.19 |
| 21 | 219.80 | 1,381.77 | 235,643.39 |
| 22 | 221.09 | 1,380.48 | 235,422.30 |
| 23 | 222.38 | 1,379.18 | 235,199.92 |
| 24 | 223.68 | 1,377.88 | 234,976.23 |
| 25 | 225.00 | 1,376.57 | 234,751.24 |
| 26 | 226.31 | 1,375.25 | 234,524.92 |
| 27 | 227.64 | 1,373.93 | 234,297.29 |
| 28 | 228.97 | 1,372.59 | 234,068.31 |
| 29 | 230.31 | 1,371.25 | 233,838.00 |
| 30 | 231.66 | 1,369.90 | 233,606.34 |
| 31 | 233.02 | 1,368.54 | 233,373.31 |
| 32 | 234.39 | 1,367.18 | 233,138.93 |
| 33 | 235.76 | 1,365.81 | 232,903.17 |
| 34 | 237.14 | 1,364.42 | 232,666.03 |
| 35 | 238.53 | 1,363.04 | 232,427.50 |
| 36 | 239.93 | 1,361.64 | 232,187.57 |
| 37 | 241.33 | 1,360.23 | 231,946.24 |
| 38 | 242.75 | 1,358.82 | 231,703.50 |
| 39 | 244.17 | 1,357.40 | 231,459.33 |
| 40 | 245.60 | 1,355.97 | 231,213.73 |
| 41 | 247.04 | 1,354.53 | 230,966.69 |
| 42 | 248.48 | 1,353.08 | 230,718.21 |
| 43 | 249.94 | 1,351.62 | 230,468.27 |
| 44 | 251.40 | 1,350.16 | 230,216.86 |
| 45 | 252.88 | 1,348.69 | 229,963.99 |
| 46 | 254.36 | 1,347.21 | 229,709.63 |
| 47 | 255.85 | 1,345.72 | 229,453.78 |
| 48 | 257.35 | 1,344.22 | 229,196.43 |
| 49 | 258.86 | 1,342.71 | 228,937.57 |
| 50 | 260.37 | 1,341.19 | 228,677.20 |
| 51 | 261.90 | 1,339.67 | 228,415.31 |
| 52 | 263.43 | 1,338.13 | 228,151.87 |
| 53 | 264.97 | 1,336.59 | 227,886.90 |
| 54 | 266.53 | 1,335.04 | 227,620.37 |
| 55 | 268.09 | 1,333.48 | 227,352.28 |
| 56 | 269.66 | 1,331.91 | 227,082.63 |
| 57 | 271.24 | 1,330.33 | 226,811.39 |
| 58 | 272.83 | 1,328.74 | 226,538.56 |
| 59 | 274.43 | 1,327.14 | 226,264.13 |
| 60 | 276.03 | 1,325.53 | 225,988.10 |
| 61 | 277.65 | 1,323.91 | 225,710.45 |
| 62 | 279.28 | 1,322.29 | 225,431.17 |
| 63 | 280.91 | 1,320.65 | 225,150.26 |
| 64 | 282.56 | 1,319.01 | 224,867.70 |
| 65 | 284.21 | 1,317.35 | 224,583.48 |
| 66 | 285.88 | 1,315.68 | 224,297.60 |
| 67 | 287.55 | 1,314.01 | 224,010.05 |
| 68 | 289.24 | 1,312.33 | 223,720.81 |
| 69 | 290.93 | 1,310.63 | 223,429.88 |
| 70 | 292.64 | 1,308.93 | 223,137.24 |
| 71 | 294.35 | 1,307.21 | 222,842.89 |
| 72 | 296.08 | 1,305.49 | 222,546.81 |
| 73 | 297.81 | 1,303.75 | 222,249.00 |
| 74 | 299.56 | 1,302.01 | 221,949.45 |
| 75 | 301.31 | 1,300.25 | 221,648.13 |
| 76 | 303.08 | 1,298.49 | 221,345.06 |
| 77 | 304.85 | 1,296.71 | 221,040.21 |
| 78 | 306.64 | 1,294.93 | 220,733.57 |
| 79 | 308.43 | 1,293.13 | 220,425.14 |
| 80 | 310.24 | 1,291.32 | 220,114.90 |
| 81 | 312.06 | 1,289.51 | 219,802.84 |
| 82 | 313.89 | 1,287.68 | 219,488.95 |
| 83 | 315.72 | 1,285.84 | 219,173.23 |
| 84 | 317.57 | 1,283.99 | 218,855.65 |
| 85 | 319.44 | 1,282.13 | 218,536.22 |
| 86 | 321.31 | 1,280.26 | 218,214.91 |
| 87 | 323.19 | 1,278.38 | 217,891.72 |
| 88 | 325.08 | 1,276.48 | 217,566.64 |
| 89 | 326.99 | 1,274.58 | 217,239.65 |
| 90 | 328.90 | 1,272.66 | 216,910.75 |
| 91 | 330.83 | 1,270.74 | 216,579.92 |
| 92 | 332.77 | 1,268.80 | 216,247.16 |
| 93 | 334.72 | 1,266.85 | 215,912.44 |
| 94 | 336.68 | 1,264.89 | 215,575.76 |
| 95 | 338.65 | 1,262.91 | 215,237.11 |
| 96 | 340.63 | 1,260.93 | 214,896.48 |
| 97 | 342.63 | 1,258.94 | 214,553.85 |
| 98 | 344.64 | 1,256.93 | 214,209.21 |
| 99 | 346.66 | 1,254.91 | 213,862.56 |
| 100 | 348.69 | 1,252.88 | 213,513.87 |
| 101 | 350.73 | 1,250.84 | 213,163.14 |
| 102 | 352.78 | 1,248.78 | 212,810.36 |
| 103 | 354.85 | 1,246.71 | 212,455.51 |
| 104 | 356.93 | 1,244.64 | 212,098.58 |
| 105 | 359.02 | 1,242.54 | 211,739.56 |
| 106 | 361.12 | 1,240.44 | 211,378.44 |
| 107 | 363.24 | 1,238.33 | 211,015.20 |
| 108 | 365.37 | 1,236.20 | 210,649.83 |
| 109 | 367.51 | 1,234.06 | 210,282.32 |
| 110 | 369.66 | 1,231.90 | 209,912.66 |
| 111 | 371.83 | 1,229.74 | 209,540.84 |
| 112 | 374.00 | 1,227.56 | 209,166.83 |
| 113 | 376.20 | 1,225.37 | 208,790.64 |
| 114 | 378.40 | 1,223.17 | 208,412.24 |
| 115 | 380.62 | 1,220.95 | 208,031.62 |
| 116 | 382.85 | 1,218.72 | 207,648.77 |
| 117 | 385.09 | 1,216.48 | 207,263.69 |
| 118 | 387.34 | 1,214.22 | 206,876.34 |
| 119 | 389.61 | 1,211.95 | 206,486.73 |
| 120 | 391.90 | 1,209.67 | 206,094.83 |
| 121 | 394.19 | 1,207.37 | 205,700.64 |
| 122 | 396.50 | 1,205.06 | 205,304.14 |
| 123 | 398.82 | 1,202.74 | 204,905.31 |
| 124 | 401.16 | 1,200.40 | 204,504.15 |
| 125 | 403.51 | 1,198.05 | 204,100.64 |
| 126 | 405.87 | 1,195.69 | 203,694.77 |
| 127 | 408.25 | 1,193.31 | 203,286.51 |
| 128 | 410.64 | 1,190.92 | 202,875.87 |
| 129 | 413.05 | 1,188.51 | 202,462.82 |
| 130 | 415.47 | 1,186.09 | 202,047.35 |
| 131 | 417.90 | 1,183.66 | 201,629.45 |
| 132 | 420.35 | 1,181.21 | 201,209.09 |
| 133 | 422.81 | 1,178.75 | 200,786.28 |
| 134 | 425.29 | 1,176.27 | 200,360.99 |
| 135 | 427.78 | 1,173.78 | 199,933.21 |
| 136 | 430.29 | 1,171.28 | 199,502.92 |
| 137 | 432.81 | 1,168.75 | 199,070.11 |
| 138 | 435.35 | 1,166.22 | 198,634.76 |
| 139 | 437.90 | 1,163.67 | 198,196.87 |
| 140 | 440.46 | 1,161.10 | 197,756.40 |
| 141 | 443.04 | 1,158.52 | 197,313.36 |
| 142 | 445.64 | 1,155.93 | 196,867.73 |
| 143 | 448.25 | 1,153.32 | 196,419.48 |
| 144 | 450.87 | 1,150.69 | 195,968.60 |
| 145 | 453.51 | 1,148.05 | 195,515.09 |
| 146 | 456.17 | 1,145.39 | 195,058.92 |
| 147 | 458.84 | 1,142.72 | 194,600.07 |
| 148 | 461.53 | 1,140.03 | 194,138.54 |
| 149 | 464.24 | 1,137.33 | 193,674.31 |
| 150 | 466.96 | 1,134.61 | 193,207.35 |
| 151 | 469.69 | 1,131.87 | 192,737.66 |
| 152 | 472.44 | 1,129.12 | 192,265.22 |
| 153 | 475.21 | 1,126.35 | 191,790.00 |
| 154 | 477.99 | 1,123.57 | 191,312.01 |
| 155 | 480.79 | 1,120.77 | 190,831.22 |
| 156 | 483.61 | 1,117.95 | 190,347.60 |
| 157 | 486.44 | 1,115.12 | 189,861.16 |
| 158 | 489.29 | 1,112.27 | 189,371.86 |
| 159 | 492.16 | 1,109.40 | 188,879.70 |
| 160 | 495.04 | 1,106.52 | 188,384.66 |
| 161 | 497.94 | 1,103.62 | 187,886.72 |
| 162 | 500.86 | 1,100.70 | 187,385.85 |
| 163 | 503.80 | 1,097.77 | 186,882.06 |
| 164 | 506.75 | 1,094.82 | 186,375.31 |
| 165 | 509.72 | 1,091.85 | 185,865.60 |
| 166 | 512.70 | 1,088.86 | 185,352.89 |
| 167 | 515.71 | 1,085.86 | 184,837.19 |
| 168 | 518.73 | 1,082.84 | 184,318.46 |
| 169 | 521.77 | 1,079.80 | 183,796.70 |
| 170 | 524.82 | 1,076.74 | 183,271.87 |
| 171 | 527.90 | 1,073.67 | 182,743.98 |
| 172 | 530.99 | 1,070.58 | 182,212.99 |
| 173 | 534.10 | 1,067.46 | 181,678.89 |
| 174 | 537.23 | 1,064.34 | 181,141.66 |
| 175 | 540.38 | 1,061.19 | 180,601.28 |
| 176 | 543.54 | 1,058.02 | 180,057.74 |
| 177 | 546.73 | 1,054.84 | 179,511.01 |
| 178 | 549.93 | 1,051.64 | 178,961.09 |
| 179 | 553.15 | 1,048.41 | 178,407.94 |
| 180 | 556.39 | 1,045.17 | 177,851.54 |
| 181 | 559.65 | 1,041.91 | 177,291.89 |
| 182 | 562.93 | 1,038.64 | 176,728.96 |
| 183 | 566.23 | 1,035.34 | 176,162.74 |
| 184 | 569.54 | 1,032.02 | 175,593.19 |
| 185 | 572.88 | 1,028.68 | 175,020.31 |
| 186 | 576.24 | 1,025.33 | 174,444.07 |
| 187 | 579.61 | 1,021.95 | 173,864.46 |
| 188 | 583.01 | 1,018.56 | 173,281.45 |
| 189 | 586.42 | 1,015.14 | 172,695.03 |
| 190 | 589.86 | 1,011.71 | 172,105.17 |
| 191 | 593.31 | 1,008.25 | 171,511.85 |
| 192 | 596.79 | 1,004.77 | 170,915.06 |
| 193 | 600.29 | 1,001.28 | 170,314.78 |
| 194 | 603.80 | 997.76 | 169,710.97 |
| 195 | 607.34 | 994.22 | 169,103.63 |
| 196 | 610.90 | 990.67 | 168,492.73 |
| 197 | 614.48 | 987.09 | 167,878.26 |
| 198 | 618.08 | 983.49 | 167,260.18 |
| 199 | 621.70 | 979.87 | 166,638.48 |
| 200 | 625.34 | 976.22 | 166,013.14 |
| 201 | 629.00 | 972.56 | 165,384.13 |
| 202 | 632.69 | 968.88 | 164,751.45 |
| 203 | 636.40 | 965.17 | 164,115.05 |
| 204 | 640.12 | 961.44 | 163,474.93 |
| 205 | 643.87 | 957.69 | 162,831.05 |
| 206 | 647.65 | 953.92 | 162,183.41 |
| 207 | 651.44 | 950.12 | 161,531.97 |
| 208 | 655.26 | 946.31 | 160,876.71 |
| 209 | 659.10 | 942.47 | 160,217.62 |
| 210 | 662.96 | 938.61 | 159,554.66 |
| 211 | 666.84 | 934.72 | 158,887.82 |
| 212 | 670.75 | 930.82 | 158,217.07 |
| 213 | 674.68 | 926.89 | 157,542.40 |
| 214 | 678.63 | 922.94 | 156,863.77 |
| 215 | 682.60 | 918.96 | 156,181.16 |
| 216 | 686.60 | 914.96 | 155,494.56 |
| 217 | 690.63 | 910.94 | 154,803.94 |
| 218 | 694.67 | 906.89 | 154,109.26 |
| 219 | 698.74 | 902.82 | 153,410.52 |
| 220 | 702.83 | 898.73 | 152,707.69 |
| 221 | 706.95 | 894.61 | 152,000.74 |
| 222 | 711.09 | 890.47 | 151,289.64 |
| 223 | 715.26 | 886.31 | 150,574.38 |
| 224 | 719.45 | 882.11 | 149,854.93 |
| 225 | 723.66 | 877.90 | 149,131.27 |
| 226 | 727.90 | 873.66 | 148,403.37 |
| 227 | 732.17 | 869.40 | 147,671.20 |
| 228 | 736.46 | 865.11 | 146,934.74 |
| 229 | 740.77 | 860.79 | 146,193.97 |
| 230 | 745.11 | 856.45 | 145,448.86 |
| 231 | 749.48 | 852.09 | 144,699.38 |
| 232 | 753.87 | 847.70 | 143,945.51 |
| 233 | 758.28 | 843.28 | 143,187.23 |
| 234 | 762.73 | 838.84 | 142,424.50 |
| 235 | 767.19 | 834.37 | 141,657.31 |
| 236 | 771.69 | 829.88 | 140,885.62 |
| 237 | 776.21 | 825.35 | 140,109.41 |
| 238 | 780.76 | 820.81 | 139,328.66 |
| 239 | 785.33 | 816.23 | 138,543.33 |
| 240 | 789.93 | 811.63 | 137,753.39 |
| 241 | 794.56 | 807.01 | 136,958.83 |
| 242 | 799.21 | 802.35 | 136,159.62 |
| 243 | 803.90 | 797.67 | 135,355.72 |
| 244 | 808.61 | 792.96 | 134,547.12 |
| 245 | 813.34 | 788.22 | 133,733.78 |
| 246 | 818.11 | 783.46 | 132,915.67 |
| 247 | 822.90 | 778.66 | 132,092.77 |
| 248 | 827.72 | 773.84 | 131,265.05 |
| 249 | 832.57 | 768.99 | 130,432.48 |
| 250 | 837.45 | 764.12 | 129,595.03 |
| 251 | 842.35 | 759.21 | 128,752.68 |
| 252 | 847.29 | 754.28 | 127,905.39 |
| 253 | 852.25 | 749.31 | 127,053.14 |
| 254 | 857.24 | 744.32 | 126,195.89 |
| 255 | 862.27 | 739.30 | 125,333.63 |
| 256 | 867.32 | 734.25 | 124,466.31 |
| 257 | 872.40 | 729.17 | 123,593.91 |
| 258 | 877.51 | 724.05 | 122,716.40 |
| 259 | 882.65 | 718.91 | 121,833.75 |
| 260 | 887.82 | 713.74 | 120,945.93 |
| 261 | 893.02 | 708.54 | 120,052.90 |
| 262 | 898.25 | 703.31 | 119,154.65 |
| 263 | 903.52 | 698.05 | 118,251.13 |
| 264 | 908.81 | 692.75 | 117,342.32 |
| 265 | 914.13 | 687.43 | 116,428.19 |
| 266 | 919.49 | 682.08 | 115,508.70 |
| 267 | 924.88 | 676.69 | 114,583.82 |
| 268 | 930.29 | 671.27 | 113,653.53 |
| 269 | 935.74 | 665.82 | 112,717.78 |
| 270 | 941.23 | 660.34 | 111,776.56 |
| 271 | 946.74 | 654.82 | 110,829.82 |
| 272 | 952.29 | 649.28 | 109,877.53 |
| 273 | 957.87 | 643.70 | 108,919.67 |
| 274 | 963.48 | 638.09 | 107,956.19 |
| 275 | 969.12 | 632.44 | 106,987.07 |
| 276 | 974.80 | 626.77 | 106,012.27 |
| 277 | 980.51 | 621.06 | 105,031.76 |
| 278 | 986.25 | 615.31 | 104,045.51 |
| 279 | 992.03 | 609.53 | 103,053.48 |
| 280 | 997.84 | 603.72 | 102,055.63 |
| 281 | 1,003.69 | 597.88 | 101,051.94 |
| 282 | 1,009.57 | 592.00 | 100,042.38 |
| 283 | 1,015.48 | 586.08 | 99,026.89 |
| 284 | 1,021.43 | 580.13 | 98,005.46 |
| 285 | 1,027.42 | 574.15 | 96,978.05 |
| 286 | 1,033.43 | 568.13 | 95,944.61 |
| 287 | 1,039.49 | 562.08 | 94,905.12 |
| 288 | 1,045.58 | 555.99 | 93,859.54 |
| 289 | 1,051.70 | 549.86 | 92,807.84 |
| 290 | 1,057.87 | 543.70 | 91,749.97 |
| 291 | 1,064.06 | 537.50 | 90,685.91 |
| 292 | 1,070.30 | 531.27 | 89,615.62 |
| 293 | 1,076.57 | 525.00 | 88,539.05 |
| 294 | 1,082.87 | 518.69 | 87,456.18 |
| 295 | 1,089.22 | 512.35 | 86,366.96 |
| 296 | 1,095.60 | 505.97 | 85,271.36 |
| 297 | 1,102.02 | 499.55 | 84,169.35 |
| 298 | 1,108.47 | 493.09 | 83,060.87 |
| 299 | 1,114.97 | 486.60 | 81,945.91 |
| 300 | 1,121.50 | 480.07 | 80,824.41 |
| 301 | 1,128.07 | 473.50 | 79,696.34 |
| 302 | 1,134.68 | 466.89 | 78,561.66 |
| 303 | 1,141.32 | 460.24 | 77,420.34 |
| 304 | 1,148.01 | 453.55 | 76,272.33 |
| 305 | 1,154.74 | 446.83 | 75,117.59 |
| 306 | 1,161.50 | 440.06 | 73,956.09 |
| 307 | 1,168.30 | 433.26 | 72,787.79 |
| 308 | 1,175.15 | 426.42 | 71,612.64 |
| 309 | 1,182.03 | 419.53 | 70,430.61 |
| 310 | 1,188.96 | 412.61 | 69,241.65 |
| 311 | 1,195.92 | 405.64 | 68,045.72 |
| 312 | 1,202.93 | 398.63 | 66,842.79 |
| 313 | 1,209.98 | 391.59 | 65,632.82 |
| 314 | 1,217.07 | 384.50 | 64,415.75 |
| 315 | 1,224.20 | 377.37 | 63,191.56 |
| 316 | 1,231.37 | 370.20 | 61,960.19 |
| 317 | 1,238.58 | 362.98 | 60,721.61 |
| 318 | 1,245.84 | 355.73 | 59,475.77 |
| 319 | 1,253.14 | 348.43 | 58,222.64 |
| 320 | 1,260.48 | 341.09 | 56,962.16 |
| 321 | 1,267.86 | 333.70 | 55,694.30 |
| 322 | 1,275.29 | 326.28 | 54,419.01 |
| 323 | 1,282.76 | 318.80 | 53,136.25 |
| 324 | 1,290.27 | 311.29 | 51,845.97 |
| 325 | 1,297.83 | 303.73 | 50,548.14 |
| 326 | 1,305.44 | 296.13 | 49,242.70 |
| 327 | 1,313.08 | 288.48 | 47,929.62 |
| 328 | 1,320.78 | 280.79 | 46,608.84 |
| 329 | 1,328.51 | 273.05 | 45,280.33 |
| 330 | 1,336.30 | 265.27 | 43,944.03 |
| 331 | 1,344.13 | 257.44 | 42,599.91 |
| 332 | 1,352.00 | 249.56 | 41,247.91 |
| 333 | 1,359.92 | 241.64 | 39,887.99 |
| 334 | 1,367.89 | 233.68 | 38,520.10 |
| 335 | 1,375.90 | 225.66 | 37,144.20 |
| 336 | 1,383.96 | 217.60 | 35,760.24 |
| 337 | 1,392.07 | 209.50 | 34,368.17 |
| 338 | 1,400.22 | 201.34 | 32,967.94 |
| 339 | 1,408.43 | 193.14 | 31,559.52 |
| 340 | 1,416.68 | 184.89 | 30,142.84 |
| 341 | 1,424.98 | 176.59 | 28,717.86 |
| 342 | 1,433.33 | 168.24 | 27,284.53 |
| 343 | 1,441.72 | 159.84 | 25,842.81 |
| 344 | 1,450.17 | 151.40 | 24,392.64 |
| 345 | 1,458.66 | 142.90 | 22,933.98 |
| 346 | 1,467.21 | 134.35 | 21,466.77 |
| 347 | 1,475.80 | 125.76 | 19,990.96 |
| 348 | 1,484.45 | 117.11 | 18,506.51 |
| 349 | 1,493.15 | 108.42 | 17,013.37 |
| 350 | 1,501.89 | 99.67 | 15,511.47 |
| 351 | 1,510.69 | 90.87 | 14,000.78 |
| 352 | 1,519.54 | 82.02 | 12,481.24 |
| 353 | 1,528.45 | 73.12 | 10,952.79 |
| 354 | 1,537.40 | 64.17 | 9,415.39 |
| 355 | 1,546.41 | 55.16 | 7,868.99 |
| 356 | 1,555.47 | 46.10 | 6,313.52 |
| 357 | 1,564.58 | 36.99 | 4,748.94 |
| 358 | 1,573.74 | 27.82 | 3,175.20 |
| 359 | 1,582.96 | 18.60 | 1,592.24 |
| 360 | 1,592.24 | 9.33 | 0.00 |
Questions
How much is the monthly payment on a $300,000 house?
With 20% down, $1,601.56 a month in principal and interest at 7.03%, or about $1,796.56 with estimated property tax. With 10% down it is about $2,165.51 including PMI.
How much do I need to make to afford a $300,000 house?
About $76,996 a year with 20% down, keeping housing costs at 28% of gross income. With 5% down the payment rises to $2,274.98, which needs about $97,499.
How much is the down payment on a $300,000 house?
$15,000 at 5%, $30,000 at 10% and $60,000 at 20%. Below 20% most conventional loans add private mortgage insurance, estimated here at 0.75% of the loan a year.
How long do I pay PMI on a $300,000 house with 10% down?
Until the balance reaches 78% of the original price, when PMI ends automatically: 9 years 8 months at 7.03%, about $19,575 in PMI in total. You can ask to cancel it earlier at 80%.
Is 7.03% the rate I will get?
Not necessarily. It is Freddie Mac's weekly average for borrowers with about 20% down and strong credit, not a quote. A lender's quote depends on credit, down payment, points and the lender.
Sources
- 30-year fixed mortgage average: 7.03%. Freddie Mac Primary Mortgage Market Survey (PMMS), series MORTGAGE30US, as of September 24, 2026; retrieved September 26, 2026.
- 15-year fixed mortgage average: 6.42%. Freddie Mac Primary Mortgage Market Survey (PMMS), series MORTGAGE15US, as of September 24, 2026; retrieved September 26, 2026.
- Property tax (median effective rate by state). Tax Foundation, effective property tax rate on owner-occupied housing (Census ACS), Property Taxes by State, 2026 edition (2024 data). States not yet sourced use 0.78%, the median of the 32 state rates we have sourced, marked as an estimate.
- Homeowners insurance (average premium). NAIC homeowners report, 2022 data, HO-3 policies. Only states with a sourced figure include insurance.
- PMI assumption: 0.75% of the loan a year below 20% down. Typical range 0.5–1.5% (Urban Institute, Freddie Mac); ends at 78% of the original value under the Homeowners Protection Act (CFPB).
- 28/36 debt-to-income guideline. Lender guideline (Chase, Bankrate); CFPB debt-to-income guidance.
Numbers on this page last changed September 26, 2026. How they are calculated: methodology.