$150,000 mortgage payment by interest rate
| Rate | 30 years | 20 years | 15 years |
|---|---|---|---|
| 5% | $805 | $990 | $1,186 |
| 5.5% | $852 | $1,032 | $1,226 |
| 6% | $899 | $1,075 | $1,266 |
| 6.5% | $948 | $1,118 | $1,307 |
| 7% | $998 | $1,163 | $1,348 |
| 7.5% | $1,049 | $1,208 | $1,391 |
| 8% | $1,101 | $1,255 | $1,433 |
Monthly principal and interest only.
Total interest on a $150,000 mortgage
| Rate | 30 years | 15 years |
|---|---|---|
| 5% | $139,884 | $63,514 |
| 5.5% | $156,606 | $70,613 |
| 6% | $173,757 | $77,841 |
| 6.5% | $191,317 | $85,199 |
| 7% | $209,263 | $92,684 |
| 7.5% | $227,576 | $100,293 |
| 8% | $246,233 | $108,026 |
Calculate your full payment
Adjust the rate, down payment, taxes, insurance and PMI for your situation:
Frequently asked questions
What is the monthly payment on a $150,000 mortgage?
At 6.5% for 30 years, a $150,000 mortgage costs $948.10 a month in principal and interest. On a 15-year term at the same rate it's $1,306.66. Property tax, insurance and any PMI are extra.
How much income do I need for a $150,000 mortgage?
Using the common 28% rule and allowing about $250 a month for property tax and insurance, you'd need a household income of roughly $51,347 a year at 6.5% for 30 years.
How much interest will I pay on a $150,000 mortgage?
Over 30 years at 6.5%, total interest is about $191,317. A 15-year loan at the same rate costs about $85,199, much less, but with higher monthly payments.
Other loan amounts
All loan amounts → · How much house can I afford? →
Estimates for general information only, not financial advice. See how we calculate.