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Printed July 3, 2026 · https://trycleartally.com/300000-mortgage-calculator

Estimates for educational purposes only — not financial advice. See https://trycleartally.com/disclaimer.

$300,000 Mortgage Calculator

Estimate only

See your estimated monthly payment on a $300,000 mortgage at today's rates, plus the full amortization schedule.

Reviewed by the TryClearTally editorial team · Last updated June 28, 2026 · Methodology & sources

Today's Rates

30-yr mortgage6.43%Use in mortgage calculator15-yr mortgage5.79%Use in mortgage calculatorFed funds rate3.63%Use in savings calculators
S&P 500 ETF (SPY)$744.78-0.13% today

Sources: Federal Reserve Economic Data (FRED), Finnhub. For reference only — not a rate quote or investment advice.

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Prefilled with today's average 30-yr rate (FRED). Edit freely.

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Total monthly payment

$2,382.41

Principal, interest, tax, insurance & HOA

Principal & interest

$1,882.41

Loan amount

$300,000

Total interest paid

$377,669

Total of all payments

$677,669

Payoff term

30 yrs

Balance over time

Principal vs. interest

Amortization schedule

YearPaymentPrincipalInterestBalance
1$1,882.41$291.56$1,590.85$296,602.04
2$1,882.41$310.87$1,571.55$292,979.04
3$1,882.41$331.46$1,550.96$289,116.10
4$1,882.41$353.41$1,529.00$284,997.31
5$1,882.41$376.82$1,505.60$280,605.74
6$1,882.41$401.77$1,480.64$275,923.31
7$1,882.41$428.38$1,454.03$270,930.78
8$1,882.41$456.75$1,425.66$265,607.59
9$1,882.41$487.00$1,395.41$259,931.85
10$1,882.41$519.26$1,363.16$253,880.21
11$1,882.41$553.65$1,328.77$247,427.78
12$1,882.41$590.32$1,292.10$240,548.00
13$1,882.41$629.41$1,253.00$233,212.59
14$1,882.41$671.10$1,211.32$225,391.35
15$1,882.41$715.54$1,166.87$217,052.13
16$1,882.41$762.93$1,119.48$208,160.60
17$1,882.41$813.46$1,068.95$198,680.19
18$1,882.41$867.34$1,015.08$188,571.90
19$1,882.41$924.78$957.64$177,794.14
20$1,882.41$986.03$896.39$166,302.59
21$1,882.41$1,051.33$831.08$154,049.96
22$1,882.41$1,120.96$761.46$140,985.84
23$1,882.41$1,195.20$687.22$127,056.50
24$1,882.41$1,274.36$608.06$112,204.63
25$1,882.41$1,358.76$523.66$96,369.13
26$1,882.41$1,448.75$433.67$79,484.86
27$1,882.41$1,544.69$337.72$61,482.35
28$1,882.41$1,647.00$235.42$42,287.56
29$1,882.41$1,756.08$126.34$21,821.50
30$1,882.41$1,872.38$10.03$0.00

Mortgage Payment Worksheet

Home price$300,000
Down payment$0
Loan amount$300,000
Loan term30 years
Interest rate6.43%
Annual property tax$4,400
Annual home insurance$1,600
Monthly HOA dues$0

Total monthly payment (PITI + HOA)

$2,382.41

Principal & interest$1,882.41
Total interest paid$377,669
Total of all payments$677,669
Payoff term30 years

Yearly amortization summary

YearPrincipal paidInterest paidRemaining balance
1$3,398$19,191$296,602
2$3,623$18,966$292,979
3$3,863$18,726$289,116
4$4,119$18,470$284,997
5$4,392$18,197$280,606
6$4,682$17,907$275,923
7$4,993$17,596$270,931
8$5,323$17,266$265,608
9$5,676$16,913$259,932
10$6,052$16,537$253,880
11$6,452$16,137$247,428
12$6,880$15,709$240,548
13$7,335$15,254$233,213
14$7,821$14,768$225,391
15$8,339$14,250$217,052
16$8,892$13,697$208,161
17$9,480$13,109$198,680
18$10,108$12,481$188,572
19$10,778$11,811$177,794
20$11,492$11,097$166,303
21$12,253$10,336$154,050
22$13,064$9,525$140,986
23$13,929$8,660$127,056
24$14,852$7,737$112,205
25$15,835$6,753$96,369
26$16,884$5,705$79,485
27$18,003$4,586$61,482
28$19,195$3,394$42,288
29$20,466$2,123$21,822
30$21,822$767$0

Calculated using the standard formulas described at https://trycleartally.com/methodology — for educational estimates only, not a quote or financial advice. Verify with your lender or financial institution before making decisions.

How it works

Your principal & interest payment is calculated with the standard amortization formula: M = P × [r(1+r)n] / [(1+r)n − 1], where P is your loan amount, r is your monthly interest rate, and n is the number of monthly payments.

Example: a $300,000 loan at 6.43% for 30 years has a monthly principal & interest payment of about $1,882.41. Add estimated property tax, homeowners insurance, and any HOA dues to get your total monthly housing payment — the calculator above includes those.

FAQ

At today's average 30-year rate of about 6.43%, principal and interest alone come to roughly $1,882.41/month. Your total payment will be higher once property tax, homeowners insurance, and any HOA dues are added — adjust those fields above to match your situation.

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