Home › Calculators › Mortgage calculator › 300000-30y-4
$300,000 mortgage at 4% for 30 years
Fixed-rate amortized payment. Results below are exact for the given inputs.
$1,432.25
monthly payment
Total interest$215,608.52
Total paid$515,608.52
Interest share41.8%
Payments360
| Month | Principal | Interest | Balance |
|---|---|---|---|
| 1 | $432.25 | $1,000.00 | $299,567.75 |
| 2 | $433.69 | $998.56 | $299,134.07 |
| 3 | $435.13 | $997.11 | $298,698.94 |
| 4 | $436.58 | $995.66 | $298,262.35 |
| 5 | $438.04 | $994.21 | $297,824.31 |
| 6 | $439.50 | $992.75 | $297,384.82 |
| 7 | $440.96 | $991.28 | $296,943.85 |
| 8 | $442.43 | $989.81 | $296,501.42 |
| 9 | $443.91 | $988.34 | $296,057.51 |
| 10 | $445.39 | $986.86 | $295,612.12 |
| 11 | $446.87 | $985.37 | $295,165.25 |
| 12 | $448.36 | $983.88 | $294,716.89 |
Frequently asked questions
What is the monthly payment on $300,000 mortgage at 4% for 30 years?
The fixed monthly payment is $1,432.25 (360 payments), assuming standard amortization with no fees, taxes or insurance.
How much interest do I pay in total?
Total interest over 30 years is $215,608.52, so the total of all payments is $515,608.52.
What income is needed for this payment?
Using the common 28% front-end debt-to-income guideline, a gross monthly income of about $5,115 ($61,382 per year) keeps this payment within budget. Lenders may apply different rules.
How much of the first payment is interest?
The first payment includes $1,000.00 of interest and $432.25 of principal — early payments are interest-heavy because the balance is highest.
Try nearby scenarios
Change the numbers yourself
Open the interactive mortgage calculator — every field is editable.