Mortgage Payment on a $300K House at 6.5%
Quick AnswerWith 20% down ($60,000), your monthly P&I payment on a $300K house at 6.5% is approximately **$1517/month**.
Step-by-Step Breakdown
- Home price: $300,000
- Down payment (20%): $60,000
- Loan amount: $240,000
- Interest rate: 6.5% fixed (30-year)
- Monthly P&I: $1517
- Total interest over 30 years: $306,107
- Total paid: $546,107
Frequently Asked Questions
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