Monthly payment on $750,000 by rate and term
Principal and interest on the $600,000 borrowed after a 20% deposit of $150,000. The rate is the single biggest lever, which is why it is worth shopping.
| Rate | 30 years | 20 years | 15 years |
|---|---|---|---|
| 5.50% | $3,406.73 | $4,127.32 | $4,902.50 |
| 6.00% | $3,597.30 | $4,298.59 | $5,063.14 |
| 6.50% | $3,792.41 | $4,473.44 | $5,226.64 |
| 7.00% | $3,991.81 | $4,651.79 | $5,392.97 |
| 7.50% | $4,195.29 | $4,833.56 | $5,562.07 |
| 8.00% | $4,402.59 | $5,018.64 | $5,733.91 |
Principal and interest only, before taxes, insurance and any PMI.
How the deposit changes it
| Down payment | Loan | P&I | PMI | PMI ends |
|---|---|---|---|---|
| 5% ($37,500) | $712,500 | $4,503.48 | $326.56 | month 135 |
| 10% ($75,000) | $675,000 | $4,266.46 | $309.38 | month 109 |
| 20% ($150,000) | $600,000 | $3,792.41 | — | not charged |
At 6.5% over 30 years. PMI applies above 80% loan-to-value and is cancelled automatically at 78%.
Frequently asked questions
What is the monthly payment on a $750,000 house?
With 20% down at 6.5% over 30 years, principal and interest are $3,792.41 a month. Adding property tax and insurance brings the full payment to about $4,629.91.
How much do I need to put down on a $750,000 home?
20% is $150,000, which avoids PMI. At 5% down ($37,500) you would borrow $712,500 and pay an extra $326.56 a month in PMI until month 135.
How much interest does a $750,000 mortgage cost?
On the $600,000 borrowed at 6.5% over 30 years, total interest is $765,266 — about 128% of the amount borrowed. A 15-year term cuts that to $340,796.
Nearby prices
Related tools
- Amortization schedule — every payment on this loan, with CSV export
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