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Mortgage Calculator — $300K, 30 Years, 7% Rate
Monthly payment on a $300,000 mortgage at 7% interest rate, 30-year term.
Monthly P&I
$1,596.73
PMI (if applicable)
None (≥20% down)
Property Tax (est.)
$300.00/mo
Total Monthly Payment
$2,021.73
Total Interest Paid
$334,821.36
Loan Amount
$240,000.00
PMI (~0.5–1%) required for down payments under 20%. Property tax estimated at 1.2% annually.
PMI (~0.5–1%) required for down payments under 20%. Property tax estimated at 1.2% annually.