$600,000 Mortgage Calculator
Monthly payment, total interest, and amortization at multiple rates — 2025.
$600,000 Mortgage — Monthly Payment by Rate
| APR | 30-yr Monthly | 30-yr Total Interest | 15-yr Monthly | 15-yr Total Interest |
|---|---|---|---|---|
| 6.5% | $3,792.41 | $765,267 | $5,226.64 | $340,796 |
| 7% | $3,991.81 | $837,053 | $5,392.97 | $370,735 |
| 7.5% | $4,195.29 | $910,303 | $5,562.07 | $401,173 |
Full Loan Calculator
Monthly Payment
$3,991.81
Total interest: $837,053
$1,437,053 total over 30 years
Principal vs Interest
Loan Amount | $600,000 |
APR | 7.0% |
Term | 30 years (360 months) |
Monthly Payment | $3,991.81 |
Total Principal | $600,000 |
Total Interest 58.25% of total | $837,053 |
Total Cost | $1,437,053 |
Frequently Asked Questions
What is the monthly payment on a $600,000 mortgage?
At 7% APR over 30 years, a $600,000 mortgage costs $3,991.81/month. At 6.5%, it's $3,792.41/month. These figures are principal + interest only; property taxes, insurance, and PMI are not included.
How much interest will I pay on a $600,000 mortgage?
Over 30 years at 7% APR, you'd pay $837,053 in total interest on a $600,000 loan — nearly 140% of the original loan. A 15-year term at the same rate costs $370,735 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 $600,000 loan at 7%, the 15-year payment is $5,392.97/month vs. $3,991.81/month for 30 years — but total interest savings are $466,319.