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Mortgage Calculator for a $350,000 Home

Estimate monthly payments, compare rates, and see down payment options for a $350,000 home purchase.

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Estimated Monthly Payment
Principal & Interest
Property Tax
Loan Amount
Total Interest (over loan)

Mortgage Calculator for a $350,000 Home

Buying a $350,000 home? Use the calculator above to estimate your monthly mortgage payment based on your down payment, interest rate, and loan term. Below are pre-calculated payment scenarios.

Monthly Payments by Down Payment

Down PaymentLoan Amount30-Year @ 6.75%15-Year @ 6%
3% ($10,500)$339,500$2,202/mo$2,865/mo
5% ($17,500)$332,500$2,157/mo$2,806/mo
10% ($35,000)$315,000$2,043/mo$2,658/mo
15% ($52,500)$297,500$1,930/mo$2,510/mo
20% ($70,000)$280,000$1,816/mo$2,363/mo

Payment at Different Interest Rates (20% Down, 30-Year)

Interest RateMonthly Payment (30-Year)Total Interest Paid
5.00%$1,503$261,116
5.50%$1,590$292,331
6.00%$1,679$324,347
6.25%$1,724$340,643
6.50%$1,770$357,125
6.75%$1,816$373,787
7.00%$1,863$390,625
7.25%$1,910$407,634
7.50%$1,958$424,808
8.00%$2,055$459,635

More Mortgage Calculators

$100,000 Home — ~$519/mo$150,000 Home — ~$778/mo$200,000 Home — ~$1,038/mo$250,000 Home — ~$1,297/mo$300,000 Home — ~$1,557/mo$400,000 Home — ~$2,076/mo$450,000 Home — ~$2,335/mo$500,000 Home — ~$2,594/moGeneral Mortgage Calculator

Frequently Asked Questions

What is the monthly mortgage payment for a $350,000 house?
With 20% down ($70,000), a 6.75% rate on a 30-year loan, the estimated monthly principal & interest payment is approximately $1,816. Add property taxes and insurance for the total payment.
How much down payment do I need for a $350,000 home?
Conventional loans typically require 5-20% down ($17,500 to $70,000). FHA loans may accept as low as 3.5% ($12,250). A larger down payment means lower monthly payments and no PMI requirement at 20%.
What is the total interest paid on a $350,000 mortgage?
With 20% down at 6.75% over 30 years, you would pay approximately $373,787 in total interest. A 15-year term significantly reduces total interest paid.
Should I choose a 15-year or 30-year mortgage for a $350,000 home?
A 15-year mortgage on a $350,000 home has higher monthly payments (~$2,363) but saves significantly on total interest compared to a 30-year term (~$1,816/mo). Choose based on your budget and financial goals.
How does interest rate affect my mortgage payment on a $350,000 home?
Each 0.5% rate increase on a $280,000 loan (20% down) adds roughly $94 to your monthly payment. Locking in a lower rate can save tens of thousands over the life of the loan.