$150,000 Mortgage Calculator
Monthly payment, total interest, and amortization at multiple rates — 2025.
$150,000 Mortgage — Monthly Payment by Rate
| APR | 30-yr Monthly | 30-yr Total Interest | 15-yr Monthly | 15-yr Total Interest |
|---|---|---|---|---|
| 6.5% | $948.10 | $191,317 | $1,306.66 | $85,199 |
| 7% | $997.95 | $209,263 | $1,348.24 | $92,684 |
| 7.5% | $1,048.82 | $227,576 | $1,390.52 | $100,293 |
Full Loan Calculator
Monthly Payment
$997.95
Total interest: $209,263
$359,263 total over 30 years
Principal vs Interest
Loan Amount | $150,000 |
APR | 7.0% |
Term | 30 years (360 months) |
Monthly Payment | $997.95 |
Total Principal | $150,000 |
Total Interest 58.25% of total | $209,263 |
Total Cost | $359,263 |
Frequently Asked Questions
What is the monthly payment on a $150,000 mortgage?
At 7% APR over 30 years, a $150,000 mortgage costs $997.95/month. At 6.5%, it's $948.10/month. These figures are principal + interest only; property taxes, insurance, and PMI are not included.
How much interest will I pay on a $150,000 mortgage?
Over 30 years at 7% APR, you'd pay $209,263 in total interest on a $150,000 loan — nearly 140% of the original loan. A 15-year term at the same rate costs $92,684 in interest.
Should I choose a 15-year or 30-year mortgage?
A 15-year mortgage saves significant interest but requires higher monthly payments. On a $150,000 loan at 7%, the 15-year payment is $1,348.24/month vs. $997.95/month for 30 years — but total interest savings are $116,580.