$380,000 mortgage payment
- Principal & interest
- $2,402
- Property tax & insurance (est.)
- $574
- Loan amount
- $380,000
- Total interest over 30 years
- $484,669
$380k mortgage payment by interest rate
Monthly principal and interest for a $380,000 loan. Rates change daily — find the row closest to your quote.
| Rate | 15-year | 20-year | 30-year | 30-yr total interest |
|---|---|---|---|---|
| 5.00% | $3,005 | $2,508 | $2,040 | $354,372 |
| 5.25% | $3,055 | $2,561 | $2,098 | $375,415 |
| 5.50% | $3,105 | $2,614 | $2,158 | $396,735 |
| 5.75% | $3,156 | $2,668 | $2,218 | $418,328 |
| 6.00% | $3,207 | $2,722 | $2,278 | $440,185 |
| 6.25% | $3,258 | $2,778 | $2,340 | $462,301 |
| 6.50% | $3,310 | $2,833 | $2,402 | $484,669 |
| 6.75% | $3,363 | $2,889 | $2,465 | $507,282 |
| 7.00% | $3,416 | $2,946 | $2,528 | $530,134 |
| 7.25% | $3,469 | $3,003 | $2,592 | $553,217 |
| 7.50% | $3,523 | $3,061 | $2,657 | $576,525 |
| 7.75% | $3,577 | $3,120 | $2,722 | $600,052 |
| 8.00% | $3,631 | $3,178 | $2,788 | $623,790 |
Amortization schedule (30 years at 6.5%)
Early payments are mostly interest. You will have paid off half of the $380,000 balance after 22 years.
| Year | Interest paid | Principal paid | Remaining balance |
|---|---|---|---|
| Year 1 | $24,575 | $4,247 | $375,753 |
| Year 2 | $24,290 | $4,532 | $371,221 |
| Year 3 | $23,987 | $4,835 | $366,386 |
| Year 4 | $23,663 | $5,159 | $361,226 |
| Year 5 | $23,318 | $5,505 | $355,722 |
| Year 10 | $21,210 | $7,612 | $322,149 |
| Year 15 | $18,296 | $10,526 | $275,725 |
| Year 20 | $14,267 | $14,555 | $211,528 |
| Year 25 | $8,695 | $20,128 | $122,756 |
| Year 30 | $990 | $27,833 | $0 |
Frequently asked questions
What is the monthly payment on a $380,000 mortgage?
At 6.5% fixed, principal and interest is $2,402 per month on a 30-year loan and $3,310 on a 15-year loan. Adding estimated property tax and insurance ($574/month for a $475,000 home) brings the 30-year total to about $2,976.
How much income do I need for a $380,000 mortgage?
Using the common 28% rule (housing costs at most 28% of gross monthly income) and assuming 20% down, you would need roughly $128,000 per year at 6.5%. Other monthly debts lower the amount a lender will approve.
How much interest will I pay on a $380,000 loan?
Over 30 years at 6.5% you would pay $484,669 in interest — 128% of the amount borrowed. A 15-year term cuts that to $215,837, saving $268,832.
What happens if I pay an extra $200 per month?
On a 30-year loan at 6.5%, an extra $200 toward principal every month pays the mortgage off in 24 years 2 months and saves about $110,461 in interest.
Compare nearby loan amounts
Estimates assume a fixed rate, 1.1% annual property tax and 0.35% annual homeowners insurance on a home priced with 20% down. Your lender's figures will differ. This page is for education, not financial advice. Methodology.