$300,000 mortgage · 30 years · 5% — Monthly Payment
Estimated principal-and-interest payment: $1,610.46/month. Total interest over 30 years: $279,767.35.
Monthly payment
$1,610.46
Total paid
$579,767.35
Total interest
$279,767.35
48.3% of total
About this scenario
A $300,000 mortgage over 30 years at 5% is a common benchmark for US home buyers in many metro areas. The monthly payment is fully amortizing — each installment covers interest plus principal, with interest front-loaded in the early years.
Disclaimer: estimates only, not a loan offer or financial advice. Rates, fees, and eligibility vary by lender and borrower profile.
Frequently asked questions
What is the monthly payment on $300,000 mortgage · 30 years · 5%?
At 5% APR over 30 years, the principal-and-interest payment is about $1,610.46 per month. Taxes, insurance, and fees are not included.
How much total interest will I pay?
Over the full term, interest totals about $279,767.35 on top of the $300,000.00 principal. Extra payments toward principal reduce this figure.
Is this a loan quote?
No. This is an educational amortization estimate for a fixed-rate, fully amortizing loan. Lenders may quote different APRs, fees, or terms — confirm with your provider before borrowing.
How much is the monthly payment on a $300k mortgage at 5%?
On a fixed 30-year loan at 5% with no extra fees rolled in, the principal-and-interest payment is about $1,610 per month. Taxes, insurance, and PMI are not included in that figure.