##### Asked by: Ceferina Perlaza

asked in category: General Last Updated: 1st February, 2020# How much is the mortgage on a $300 000 house?

Down Payment (% - Amount) | 15 Year Mortgage Household Income | 30 Year Mortgage Household Income |
---|---|---|

10% - $30,000 | $6,562 | $4,218 |

15% - $45,000 | $6,198 | $3,984 |

20% - $60,000 | $5,833 | $3,749 |

25% - $75,000 | $5,469 | $3,515 |

Furthermore, how much would a house payment be for $300 000?

Monthly **payments** on a **$300,000** mortgage At a 4% fixed interest rate, your monthly mortgage **payment** on a 30-year mortgage might total $1,432.25 a month, while a 15-year might cost $2,219.06 a month.

Beside above, can I afford a 300k house? The oldest rule of thumb says you **can** typically **afford** a home priced two to three times your gross income. So, if you earn $100,000, you **can** typically **afford** a home between $200,000 and $300,000. But that's not the best method because it doesn't take into account your monthly expenses and debts.

how much interest do you pay on a 300000 mortgage?

Your total interest on a **$300,000** mortgage On a 25-year mortgage with a 3.5% fixed interest rate, you'll pay approximately $149,343.30 in interest over the life of your mortgage.

What's the payment on a $400 000 mortgage?

Monthly **payments on a $400,000 mortgage** At a 4% fixed interest rate, your monthly **mortgage payment** on a 30-year **mortgage** might total $1,909.66 a month, while a 15-year might cost $2,958.75 a month.