$300,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $300k home. Change the numbers to see different options. This calc can be used for car loans, debt, real estate, home purchase, etc.
Can I afford a 300,000 dollar house? It depends. In addition to the mortgage payment, a home also has insurance, maintenance, and taxes. Taxes can vary drastically by area. A very rough estimate is to not spend more than 30% of your income on housing.
How do I get a mortgage? A simple first step is to talk to a local banker and fill out a mortgage application. Then consider other offers, either local or online.
How much of a down payment should I make? Here's a little chart that shows monthly payments based on down payment for a $300,000 house.
2% interest
0% down$1,108.86/mo
5% down$1,053.42/mo
10% down$997.97/mo
15% down$942.53/mo
20% down$887.09/mo
25% down$831.64/mo
30% down$776.20/mo
35% down$720.76/mo
40% down$665.32/mo
45% down$609.87/mo
50% down$554.43/mo
4% interest
0% down$1,432.25/mo
5% down$1,360.63/mo
10% down$1,289.02/mo
15% down$1,217.41/mo
20% down$1,145.80/mo
25% down$1,074.18/mo
30% down$1,002.57/mo
35% down$930.96/mo
40% down$859.35/mo
45% down$787.74/mo
50% down$716.12/mo
6% interest
0% down$1,798.65/mo
5% down$1,708.72/mo
10% down$1,618.79/mo
15% down$1,528.85/mo
20% down$1,438.92/mo
25% down$1,348.99/mo
30% down$1,259.06/mo
35% down$1,169.12/mo
40% down$1,079.19/mo
45% down$989.26/mo
50% down$899.33/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 300,000 house with a 20% down payment?
($240,000 loan. 30 year mortgage)
0.25%$692.05
0.50%$718.05
0.75%$744.68
1.00%$771.93
1.25%$799.80
1.50%$828.29
1.75%$857.38
2.00%$887.09
2.25%$917.39
2.50%$948.29
2.75%$979.78
3.00%$1,011.85
3.25%$1,044.50
3.50%$1,077.71
3.75%$1,111.48
4.00%$1,145.80
4.25%$1,180.66
4.50%$1,216.04
4.75%$1,251.95
5.00%$1,288.37
5.25%$1,325.29
5.50%$1,362.69
5.75%$1,400.57
6.00%$1,438.92
6.25%$1,477.72
6.50%$1,516.96
6.75%$1,556.64
7.00%$1,596.73
7.25%$1,637.22
7.50%$1,678.11
7.75%$1,719.39
8.00%$1,761.03
8.25%$1,803.04
8.50%$1,845.39
8.75%$1,888.08
9.00%$1,931.09
9.25%$1,974.42
9.50%$2,018.05
9.75%$2,061.97
10.00%$2,106.17
10.25%$2,150.64
10.50%$2,195.37
10.75%$2,240.36
11.00%$2,285.58
11.25%$2,331.03
11.50%$2,376.70
11.75%$2,422.58
12.00%$2,468.67