Monthly payment on a $150,000 mortgage
A $150,000 loan at the current average 30-year fixed rate of 6.76% (Freddie Mac, week of September 10, 2026) works out to about $974 a month in principal and interest. Property taxes, homeowners insurance, and any PMI or HOA dues are added on top. Change the rate or term below to match a quote.
$973.89 / month
- Total interest
- $200,606
- Total paid
- $350,606
- Payoff
- 30.0 years
Payment by rate and term
Monthly principal and interest on a $150,000 loan at each rate, for 30-, 20-, and 15-year terms.
| Rate | 30-year | 20-year | 15-year |
|---|---|---|---|
| 5.50% | $852 | $1,032 | $1,226 |
| 5.75% | $875 | $1,053 | $1,246 |
| 6.00% | $899 | $1,075 | $1,266 |
| 6.25% | $924 | $1,096 | $1,286 |
| 6.50% | $948 | $1,118 | $1,307 |
| 6.75% | $973 | $1,141 | $1,327 |
| 7.00% | $998 | $1,163 | $1,348 |
| 7.25% | $1,023 | $1,186 | $1,369 |
| 7.50% | $1,049 | $1,208 | $1,391 |
| 7.75% | $1,075 | $1,231 | $1,412 |
| 8.00% | $1,101 | $1,255 | $1,433 |
Total cost over 30 years
- Total interest at 6.76%: $200,606
- Total of all payments: $350,606 (the $150,000 borrowed plus interest)
Income needed
Keeping the full housing payment near 28% of gross income — the standard front-end lending guideline — and allowing a rough amount for taxes and insurance, a $150,000 mortgage points to a household income of about $55,176 a year. Existing car or student-loan payments lower that ceiling through the 36% total-debt rule.