💰 $300K Mortgage Calculator
$300K Mortgage Calculator
Calculate your exact monthly payment on a $300,000 home loan. See how rate and term affect your payment, total interest, and amortization schedule.
$300K Loan Details
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$300K Mortgage Payment Examples
Monthly principal & interest only — adjust the calculator for your complete payment including taxes and insurance.
| Loan Amount | Rate | Term | Monthly P&I | Total Interest |
|---|---|---|---|---|
| $300,000 | 6.00% | 30 yr | $1,799 | $347,515 |
| $300,000 | 6.50% | 30 yr | $1,896 | $382,633 |
| $300,000 | 6.82% | 30 yr | $1,960 | $405,519 |
| $300,000 | 7.00% | 30 yr | $1,996 | $418,527 |
| $300,000 | 6.00% | 15 yr | $2,532 | $155,683 |
| $300,000 | 6.14% | 15 yr | $2,554 | $159,777 |
What income do I need for a $300K mortgage?
Using the standard 36% DTI guideline, a $300,000 home with 20% down ($60,000 down, $240,000 loan) at 6.82% has a P&I payment of approximately $1,568/month. With taxes and insurance adding ~$400/month, your total housing cost is about $1,968/month. To keep housing below 28% of gross income, you'd need approximately $84,335/year in gross income.
How much is the down payment on a $300K home?
Down payment options on a $300,000 home: 3% = $9,000, 5% = $15,000, 10% = $30,000, 20% = $60,000. A 20% down payment ($60,000) eliminates PMI. FHA requires 3.5% minimum ($10,500). Remember to budget closing costs on top of the down payment — typically 2–5% of the loan amount.
Monthly Payment
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Full PITI estimate