$350,000 Mortgage Calculator
Monthly payment, total interest, and amortization at multiple rates — 2025.
$350,000 Mortgage — Monthly Payment by Rate
| APR | 30-yr Monthly | 30-yr Total Interest | 15-yr Monthly | 15-yr Total Interest |
|---|---|---|---|---|
| 6.5% | $2,212.24 | $446,406 | $3,048.88 | $198,798 |
| 7% | $2,328.56 | $488,281 | $3,145.90 | $216,262 |
| 7.5% | $2,447.25 | $531,010 | $3,244.54 | $234,018 |
Full Loan Calculator
Monthly Payment
$2,328.56
Total interest: $488,281
$838,281 total over 30 years
Principal vs Interest
Loan Amount | $350,000 |
APR | 7.0% |
Term | 30 years (360 months) |
Monthly Payment | $2,328.56 |
Total Principal | $350,000 |
Total Interest 58.25% of total | $488,281 |
Total Cost | $838,281 |
Frequently Asked Questions
What is the monthly payment on a $350,000 mortgage?
At 7% APR over 30 years, a $350,000 mortgage costs $2,328.56/month. At 6.5%, it's $2,212.24/month. These figures are principal + interest only; property taxes, insurance, and PMI are not included.
How much interest will I pay on a $350,000 mortgage?
Over 30 years at 7% APR, you'd pay $488,281 in total interest on a $350,000 loan — nearly 140% of the original loan. A 15-year term at the same rate costs $216,262 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 $350,000 loan at 7%, the 15-year payment is $3,145.90/month vs. $2,328.56/month for 30 years — but total interest savings are $272,019.