Mortgage Example
Home Loan at 6% Interest — Payment Examples
See monthly payments for home loans of $200k–$500k at a 6% interest rate over 30 years.
Scenario
30-year fixed mortgage at 6.0% APR for various loan amounts.
Inputs
Rate6.0%
Term30 years
Results
$200k at 6%$1,199/month
$300k at 6%$1,799/month
$400k at 6%$2,398/month
$500k at 6%$2,998/month
Explanation
At 6% APR, the payment scales roughly linearly: every $100k of loan adds ~$600/month. A $300k mortgage costs $1,799/month with $347,514 total interest over 30 years.
Key Takeaways
- 6% is historically moderate — rates have been 3% and 18% in recent decades.
- Lock in a fixed rate if you plan to stay 7+ years.