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Mortgage payment examples

Worked monthly P&I payments for fixed-rate mortgages across the most-searched combinations of loan amount, rate, and term. Each page shows the full year-by-year amortization, equity build-up, biweekly-payment hack, and what an extra $100 or $200 per month does to total interest. To customize, use our mortgage calculator.

Featured scenarios

$400,000 at 7%
30-year term
→ $2,661/month
$400,000 at 6%
30-year term
→ $2,398/month
$300,000 at 7%
30-year term
→ $1,996/month
$500,000 at 7%
30-year term
→ $3,327/month
$400,000 at 7%
15-year term
→ $3,595/month
$250,000 at 7%
30-year term
→ $1,663/month
$600,000 at 7%
30-year term
→ $3,992/month
$200,000 at 6%
30-year term
→ $1,199/month
$750,000 at 7%
30-year term
→ $4,990/month

Browse by loan amount

$100,000at 7% / 30y$150,000at 7% / 30y$200,000at 7% / 30y$250,000at 7% / 30y$300,000at 7% / 30y$400,000at 7% / 30y$500,000at 7% / 30y$600,000at 7% / 30y$750,000at 7% / 30y$1,000,000at 7% / 30y

Browse by interest rate

5%$400K / 30y6%$400K / 30y7%$400K / 30y8%$400K / 30y

Browse by loan term

15-year$400K at 7%20-year$400K at 7%30-year$400K at 7%

How these are calculated

All examples use the standard fixed-rate amortization formula: M = P × (r × (1 + r)n) / ((1 + r)n − 1), where M is the monthly P&I payment, P is the principal, r is the monthly rate (APR ÷ 12), and n is the total number of monthly payments. Numbers shown are principal and interest only — property tax, homeowners insurance, and PMI typically add 20–30% on top of the figures shown here.

For the term-comparison framework (15-year vs 30-year math, equity build-up differences, the hybrid 30-year-paid-like-15-year strategy), read the pillar guide: 15-year vs 30-year mortgage: which wins?