Monthly payment on a $300,000 house
$300,000 condo · 20% down · 6.5% · $350 HOA. Estimated total payment $2,225/month, including property tax and insurance and HOA dues. Change any input below.
Estimated monthly payment
$2,225
$60,000 down · $240,000 loan
What goes into the $2,225 payment
A $300,000 condo shows how HOA dues change the picture. The loan and taxes resemble the $300,000 house scenario, but a $350 monthly HOA fee is added and insurance is lower because the association covers the building exterior. HOA dues are not tax-deductible and can rise over time.
This estimate assumes property tax of 1.1% of the price per year ($3,300), homeowners insurance of $1,000 per year, and no PMI, because the down payment is 20% or more. Actual property tax and insurance vary widely by state and property — swap in your real figures above.
Disclaimer: this is an educational estimate, not a loan offer or financial advice. Lenders calculate escrow, PMI and closing costs their own way; confirm every figure with your loan officer.
Payment breakdown
Frequently asked questions
What is the monthly payment on a $300,000 house?
With 20% down ($60,000) on a 30-year loan at 6.5%, the estimated payment is about $2,225 per month: $1,517 principal and interest, $275 property tax, $83 insurance, $350 HOA.
How much is the down payment on a $300,000 house at 20%?
20% of $300,000 is $60,000, which leaves a loan of $240,000. A 20% down payment avoids private mortgage insurance.
How much total interest is paid on a $300,000 mortgage?
Over the full 30 years, this loan of $240,000 at 6.5% pays about $306,107 in interest — money on top of repaying the amount borrowed. Extra principal payments reduce it.