$335,000 Mortgage Payment
Monthly principal & interest by interest rate and loan term.
A $335,000 mortgage at 6.50% over 30 years costs about $2,117 a month in principal and interest, and $427,275 in interest over the life of the loan.
Early payments are mostly interest: in the first year only a small slice of each instalment reduces the balance. That is why a shorter term saves so much — the rate is similar, but the interest has far less time to compound.
Choosing a term
- $2,117 a month on a 30-year term, with $427,275 of interest paid in total.
- $2,498 a month on a 20-year term, with $264,441 of interest paid in total.
- $2,918 a month on a 15-year term, with $190,278 of interest paid in total.
- Property tax, homeowners insurance, PMI and HOA dues are not included — a common reason a real payment lands 20-30% above the figure shown here.
Monthly Payment by Rate & Term
| Interest Rate | 30 years | 20 years | 15 years |
|---|---|---|---|
| 5% | $1,798 | $2,211 | $2,649 |
| 5.5% | $1,902 | $2,304 | $2,737 |
| 6% | $2,008 | $2,400 | $2,827 |
| 6.5% | $2,117 | $2,498 | $2,918 |
| 7% | $2,229 | $2,597 | $3,011 |
| 7.5% | $2,342 | $2,699 | $3,105 |
| 8% | $2,458 | $2,802 | $3,201 |
Principal & interest only. Property tax, insurance, PMI and HOA are extra.
At 6.5% over 30 Years
| Loan Amount | $335,000 |
|---|---|
| Monthly Principal & Interest | $2,117 |
| Total Interest (30 yr) | $427,275 |
| Total of Payments | $762,275 |
First-Year Amortization (6.5%, 30 yr)
| Month | Principal | Interest | Balance |
|---|---|---|---|
| 1 | $303 | $1,815 | $334,697 |
| 2 | $304 | $1,813 | $334,393 |
| 3 | $306 | $1,811 | $334,087 |
| 4 | $308 | $1,810 | $333,779 |
| 5 | $309 | $1,808 | $333,469 |
| 6 | $311 | $1,806 | $333,158 |
| 7 | $313 | $1,805 | $332,845 |
| 8 | $315 | $1,803 | $332,531 |
| 9 | $316 | $1,801 | $332,215 |
| 10 | $318 | $1,800 | $331,897 |
| 11 | $320 | $1,798 | $331,577 |
| 12 | $321 | $1,796 | $331,256 |
Early payments are mostly interest; principal builds over time.
Last reviewed: November 2026
Data sources: Standard mortgage amortization formula; Principal & interest only — excludes taxes, insurance, PMI, HOA.
Disclaimer: Payment estimates are for principal and interest at the rates shown. Your actual payment depends on your rate, taxes, insurance and fees. Not financial advice.