Mortgage › $300,000 mortgage
$300,000 mortgage payment (2026)
A $300,000 30-year fixed mortgage at today's average rate of 6.76% costs $1,948 a month in principal and interest — $401,204 of interest over the life of the loan. A 15-year loan at 6.09% is $2,546 a month and $158,313 in interest. Add taxes, insurance and PMI below to see the full payment.
Default rate: 6.76% on a 30-year fixed and 6.09% on a 15-year — the Freddie Mac PMMS national average as of 2026-09-10 (source). Updated automatically every Thursday. Your quote depends on credit score, points and lender.
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Result
| Year | Principal | Interest | Balance |
|---|
$300,000 mortgage by interest rate
| Rate | Monthly P&I | Total interest | 15-year P&I |
|---|---|---|---|
| 5% | $1,610 | $279,767 | $2,372 |
| 5.5% | $1,703 | $313,212 | $2,451 |
| 5.75% | $1,751 | $330,259 | $2,491 |
| 6% | $1,799 | $347,515 | $2,532 |
| 6.25% | $1,847 | $364,975 | $2,572 |
| 6.5% | $1,896 | $382,633 | $2,613 |
| 6.75% | $1,946 | $400,486 | $2,655 |
| 7% | $1,996 | $418,527 | $2,696 |
| 7.25% | $2,047 | $436,750 | $2,739 |
| 7.5% | $2,098 | $455,152 | $2,781 |
| 8% | $2,201 | $492,466 | $2,867 |
Other loan amounts
Frequently asked
What income do I need for a $300,000 mortgage?
Lenders usually cap housing costs at 28% of gross income. With taxes and insurance the payment is about $2,442 a month, which needs roughly $104,637 a year before other debts. Check the affordability calculator.
How much is $300,000 at 7%?
$1,996 a month on a 30-year term, $2,696 on 15 years.