$2,162/mo
Est. monthly payment
A $325,000 mortgage costs about $2,162/month at 7% interest over a 30-year loan. That's principal and interest alone — once you include property taxes and homeowners insurance, the realistic monthly total lands between $2,600 and $2,950. Down payment assumed at 0%; with 20% down ($65,000), the payment drops to $1,730/month and PMI is eliminated.
Adjust the numbers below to see how your payment changes:
Open Mortgage Calculator →On a $325,000 loan, every percentage point shifts your payment by roughly $215/month and changes total interest by $65,000+ over 30 years.
| Interest Rate | Monthly P&I | Total Interest (30yr) |
|---|---|---|
| 5.0% | $1,745 | $303,056 |
| 6.0% | $1,949 | $376,532 |
| 6.5% | $2,054 | $414,559 |
| 7.0% | $2,162 | $453,400 |
| 7.5% | $2,273 | $493,183 |
| 8.0% | $2,385 | $533,546 |
A larger down payment shrinks your loan and monthly payment. At the 20% mark, PMI drops off entirely ($135–$250/month on a $325K home).
| Down Payment | Loan Amount | Monthly P&I | Monthly Savings |
|---|---|---|---|
| 0% ($0) | $325,000 | $2,162 | — |
| 3.5% ($11,375) | $313,625 | $2,086 | $76 |
| 5% ($16,250) | $308,750 | $2,054 | $108 |
| 10% ($32,500) | $292,500 | $1,946 | $216 |
| 20% ($65,000) | $260,000 | $1,730 | $432 + no PMI |
| Loan Term | Monthly P&I | Total Interest | Total Paid |
|---|---|---|---|
| 30 years | $2,162 | $453,400 | $778,400 |
| 15 years | $2,921 | $200,800 | $525,800 |
The 15-year term costs $759/month more but saves $252,600 in total interest over the life of the loan.
The loan payment is just the starting point. Here's the full monthly picture at 7%:
PMI adds $135–$250/month if your down payment is under 20%. HOA fees apply in some communities. Run the full numbers with the mortgage calculator.
At 7% over 30 years, principal and interest comes to about $2,162/month. With taxes and insurance included, budget $2,600–$2,950/month.
Under the 28% rule, aim for at least $85,000–$93,000/year gross income.
With $65,000 down, you borrow $260,000. At 7% for 30 years: $1,730/month P&I — and no PMI.
About $215/month per percentage point. At 5%: $1,745. At 7%: $2,162. At 8%: $2,385. Over 30 years, one extra percent adds $65,000+ in total interest.
At 7% for 30 years: about $453,400. Total repayment: $778,400. A 15-year term cuts interest to ~$200,800.
15-year: $2,921/month, $200,800 total interest. 30-year: $2,162/month, $453,400 total interest. You save $252,600 with the shorter term but need $759 more per month. Run both scenarios.