Repayments on a $300,000 home loan
Principal & interest · 6% · 30 years
$1,798.65 per month
On a $300,000 loan at 6% over 30 years. Total interest about $347,514.57; total repaid about $647,514.57. The rate is an editable assumption — set yours below.
Mortgage repayment calculator
Principal & interest$1,798.65 per month
- Loan amount
- $300,000
- Total repaid over 30 years
- $647,514.57
- Total interest
- $347,514.57
Assumes a constant 6.00% rate over 30 years. Interest-only periods and rate changes will alter the total. Full breakdown for a $300,000 loan →
Repayment at different interest rates
| Interest rate | Monthly | Total interest | Total repaid |
|---|---|---|---|
| 5.5% p.a. | $1,703.37 | $313,212.12 | $613,212.12 |
| 6% p.a. | $1,798.65 | $347,514.57 | $647,514.57 |
| 6.5% p.a. | $1,896.20 | $382,633.47 | $682,633.47 |
Nearby loan amounts
Common questions
- What are the monthly repayments on a $300,000 home loan?
- About $1,798.65 a month on a $300,000 loan at 6% over 30 years (principal and interest). Total interest over the life of the loan is about $347,514.57. Your actual rate is set by your lender — adjust it above.
- How much does the interest rate change the repayment?
- On this $300,000 loan, 5.5% is about $1,703.37 a month, 6% is $1,798.65, and 6.5% is $1,896.20. Half a percent moves the monthly payment by roughly $95.28.
- How much interest will I pay in total?
- At 6% over 30 years you would repay about $647,514.57 in total on a $300,000 loan — roughly $347,514.57 of that is interest. Paying more than the minimum, or a shorter term, cuts the interest sharply.