Monthly payment on a $350,000 house
$350,000 house · 20% down · 15-year · 6%. Estimated total payment $2,825/month, including property tax and insurance. Change any input below.
Estimated monthly payment
$2,825
$70,000 down · $280,000 loan
What goes into the $2,825 payment
The same $350,000 home on a 15-year term instead of 30 raises the monthly principal and interest sharply but cuts total interest by more than half. This scenario is for buyers who can afford the higher payment and want to own outright sooner.
This estimate assumes property tax of 1.1% of the price per year ($3,850), homeowners insurance of $1,700 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
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 20% down ($70,000) on a 15-year loan at 6%, the estimated payment is about $2,825 per month: $2,363 principal and interest, $321 property tax, $142 insurance.
How much is the down payment on a $350,000 house at 20%?
20% of $350,000 is $70,000, which leaves a loan of $280,000. A 20% down payment avoids private mortgage insurance.
How much total interest is paid on a $350,000 mortgage?
Over the full 15 years, this loan of $280,000 at 6% pays about $145,304 in interest — money on top of repaying the amount borrowed. Extra principal payments reduce it.
Other home price scenarios
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