$800,000 mortgage payment by interest rate
| Rate | 30 years | 20 years | 15 years |
|---|---|---|---|
| 5% | $4,295 | $5,280 | $6,326 |
| 5.5% | $4,542 | $5,503 | $6,537 |
| 6% | $4,796 | $5,731 | $6,751 |
| 6.5% | $5,057 | $5,965 | $6,969 |
| 7% | $5,322 | $6,202 | $7,191 |
| 7.5% | $5,594 | $6,445 | $7,416 |
| 8% | $5,870 | $6,692 | $7,645 |
Monthly principal and interest only.
Total interest on a $800,000 mortgage
| Rate | 30 years | 15 years |
|---|---|---|
| 5% | $746,046 | $338,743 |
| 5.5% | $835,232 | $376,600 |
| 6% | $926,706 | $415,154 |
| 6.5% | $1,020,356 | $454,395 |
| 7% | $1,116,071 | $494,313 |
| 7.5% | $1,213,738 | $534,898 |
| 8% | $1,313,242 | $576,139 |
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Frequently asked questions
What is the monthly payment on a $800,000 mortgage?
At 6.5% for 30 years, a $800,000 mortgage costs $5,056.54 a month in principal and interest. On a 15-year term at the same rate it's $6,968.86. Property tax, insurance and any PMI are extra.
How much income do I need for a $800,000 mortgage?
Using the common 28% rule and allowing about $1,333 a month for property tax and insurance, you'd need a household income of roughly $273,852 a year at 6.5% for 30 years.
How much interest will I pay on a $800,000 mortgage?
Over 30 years at 6.5%, total interest is about $1,020,356. A 15-year loan at the same rate costs about $454,395, much less, but with higher monthly payments.
Other loan amounts
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Estimates for general information only, not financial advice. See how we calculate.