Monthly payment on a $300,000 house
$300,000 house · 20% down · 6.5%. Estimated total payment $1,925/month, including property tax and insurance. Change any input below.
Estimated monthly payment
$1,925
$60,000 down · $240,000 loan
What goes into the $1,925 payment
A $300,000 home with 20% down is a common entry point in mid-priced US markets. Putting 20% down ($60,000) avoids private mortgage insurance and leaves a $240,000 loan, so the payment is principal, interest, property tax and homeowners insurance only.
This estimate assumes property tax of 1.1% of the price per year ($3,300), homeowners insurance of $1,600 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 $1,925 per month: $1,517 principal and interest, $275 property tax, $133 insurance.
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.
How much do I need to earn to afford a $300,000 house?
A common guideline is that total housing costs stay under about 28% of gross income. If the full monthly payment here is near $2,000, that points to roughly $85,000–$90,000 a year, before accounting for other debts.