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$350K Mortgage Payment (15-Year)

A $350K mortgage over 15 years costs about $3,049/month in principal and interest at a 6.5% rate. At 5.5% it is $2,860/mo; at 7.5% it is $3,245/mo. Over the full term you would pay about $198,798 in interest.

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Monthly payment by interest rate

Interest rate	Monthly payment (15-year)
5.5%	$2,860
6.0%	$2,954
6.5%	$3,049
7.0%	$3,146
7.5%	$3,245

Principal and interest only. Your full monthly payment also includes property tax, homeowners insurance, PMI (if you put less than 20% down), and any HOA dues — add those in the calculator.

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Frequently asked questions

How much is a $350K mortgage per month?

At 6.5% over 15 years, a $350K mortgage is about $3,049 per month in principal and interest. Over 30 years it is about $2,212 per month.

How much total interest on a $350K mortgage?

Over 15 years at 6.5%, you would pay about $198,798 in total interest, for about $548,798 in total payments on the $350K loan.