Monthly payment on a $350,000 house
$350,000 house · 10% down · 6.5%. Estimated total payment $2,598/month, including property tax and insurance. Change any input below.
Estimated monthly payment
$2,598
$35,000 down · $315,000 loan
What goes into the $2,598 payment
With 10% down on a $350,000 home, the loan is $315,000 and the down payment is below the 20% PMI threshold — so private mortgage insurance is added until the loan-to-value ratio falls to 80%. That extra line is often $130–$180 a month at this price.
This estimate assumes property tax of 1.1% of the price per year ($3,850), homeowners insurance of $1,700 per year, and PMI at 0.55% of the loan per year while the balance is above 80% of the value. 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
Method & sources
Principal and interest use the standard fixed-rate amortisation formula. Property tax is estimated as a percentage of the purchase price per year, homeowners insurance as a flat annual amount, private mortgage insurance (PMI) applies only when the down payment is under 20%, and HOA dues are added where the scenario lists them. Real tax bills, insurance quotes and PMI rates depend on your county, lender and credit score.
Disclaimer: results are estimates for educational purposes only and are not financial, tax or legal advice. Verify important figures with a qualified professional or the official source before making decisions.
Page last updated: October 1, 2026
Frequently asked questions
What is the monthly payment on a $350,000 house?
With 10% down ($35,000) on a 30-year loan at 6.5%, the estimated payment is about $2,598 per month: $1,991 principal and interest, $321 property tax, $142 insurance, $144 PMI.
How much is the down payment on a $350,000 house at 10%?
10% of $350,000 is $35,000, which leaves a loan of $315,000. Because the down payment is below 20%, private mortgage insurance (PMI) is added until the loan balance falls to 80% of the value.
How much total interest is paid on a $350,000 mortgage?
Over the full 30 years, this loan of $315,000 at 6.5% pays about $401,765 in interest — money on top of repaying the amount borrowed. Extra principal payments reduce it.
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