Mortgage › $350,000 mortgage
$350,000 mortgage payment (2026)
A $350,000 30-year fixed mortgage at today's average rate of 6.76% costs $2,272 a month in principal and interest — $468,071 of interest over the life of the loan. A 15-year loan at 6.09% is $2,971 a month and $184,698 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 |
|---|
$350,000 mortgage by interest rate
| Rate | Monthly P&I | Total interest | 15-year P&I |
|---|---|---|---|
| 5% | $1,879 | $326,395 | $2,768 |
| 5.5% | $1,987 | $365,414 | $2,860 |
| 5.75% | $2,043 | $385,302 | $2,906 |
| 6% | $2,098 | $405,434 | $2,953 |
| 6.25% | $2,155 | $425,804 | $3,001 |
| 6.5% | $2,212 | $446,406 | $3,049 |
| 6.75% | $2,270 | $467,234 | $3,097 |
| 7% | $2,329 | $488,281 | $3,146 |
| 7.25% | $2,388 | $509,542 | $3,195 |
| 7.5% | $2,447 | $531,010 | $3,245 |
| 8% | $2,568 | $574,543 | $3,345 |
Other loan amounts
Frequently asked
What income do I need for a $350,000 mortgage?
Lenders usually cap housing costs at 28% of gross income. With taxes and insurance the payment is about $2,824 a month, which needs roughly $121,025 a year before other debts. Check the affordability calculator.
How much is $350,000 at 7%?
$2,329 a month on a 30-year term, $3,146 on 15 years.