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How much would I pay on a $750,000 mortgage?

Repayments, total interest and amortization to borrow with confidence.

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Jing Jun Ma
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If you’re ready to buy a home, you might wonder how to budget for your target home cost. Here’s a breakdown of what you might face monthly, in interest and over the life of a $750,000 mortgage.

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Monthly payments on a $750,000 mortgage

At a 4% fixed interest rate, your monthly mortgage payment on a 30-year mortgage might total $3,580.61 a month, while a 15-year might cost $5,547.66 a month.

See your monthly payments by interest rate.

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Compare these lenders and lender marketplaces by the type of home loan you're searching for, state availability and minimum credit score (for a conventional loan). Select See rates to provide the company with basic property and financial details for personalized rates.
Name Product Loan products offered State availability Min. credit score
Morty
(NMLS #1429243)
Morty
Conventional, Jumbo, Refinance
AL, AR, CA, CO, CT, DC, DE, FL, GA, IA, ID, IL, IN, KS, KY, MD, ME, MI, MN, MS, MT, NC, NE, NJ, NM, OH, OK, OR, PA, SC, TN, VA, WA, WI, WV
660
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SoFi
(NMLS #1121636)
SoFi
Conventional, Home equity, Refinance
Not available in: HI, MO, NM, NY, WV
620
No hidden fees, multiple loan terms, and member discounts available.
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More Info
Rocket Mortgage
(NMLS #3030)
Rocket Mortgage
Conventional, Jumbo, FHA, VA, Refinance
Available in all states
620
Streamline your mortgage from quote to final payment — all from your computer or phone.
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Better
(NMLS #330511)
Better
Conventional, Jumbo, FHA, Refinance
Not available in: HI, MA, MN, NV, NH, VT, VA
620
Online preapproval in minutes and no origination fees with this direct lender.
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LendingTree
(NMLS #1136)
LendingTree
Conventional, Jumbo, FHA, VA, USDA, Home Equity, HELOC, Reverse, Refinance
Available in all states
620
Connect with vetted home loan lenders quickly through this online marketplace.
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Your total interest on a $750,000 mortgage

On a 30-year mortgage with a 4% fixed interest rate, you’ll pay $539,022.85 in interest over the life of your loan. That’s about two-thirds of what you borrowed in interest.

If you instead opt for a 15-year mortgage, you’ll pay $248,578.60 in interest over the life of your loan — or about half of the interest you’d pay on a 30-year mortgage.

Amortization schedule

When you take out a mortgage, you agree to pay the principal and interest over the life of the loan. Your interest rate is applied to your balance, and as you pay down your balance, the amount you pay in interest changes.

Amortization means that at the beginning of your loan, a big percentage of your payment is applied to interest. With each subsequent payment, you pay more toward your balance.

Estimate your monthly loan repayments on a $750,000 mortgage at 4% fixed interest with our amortization schedule over 15 and 30 years.

YearBeginning balanceMonthly paymentTotal interest paidTotal principal paidTotal payed throught the yearRemaining balance
1$750,000.00$3,580.61$29,759.61$13,207.71$42,967.32$736,792.29
2$736,792.29$3,580.61$29,221.48$13,745.84$42,967.32$723,046.45
3$723,046.45$3,580.61$28,661.48$14,305.84$42,967.32$708,740.61
4$708,740.61$3,580.61$28,078.63$14,888.69$42,967.32$693,851.92
5$693,851.92$3,580.61$27,472.04$15,495.28$42,967.32$678,356.64
6$678,356.64$3,580.61$26,840.74$16,126.58$42,967.32$662,230.06
7$662,230.06$3,580.61$26,183.72$16,783.60$42,967.32$645,446.46
8$645,446.46$3,580.61$25,499.93$17,467.39$42,967.32$627,979.07
9$627,979.07$3,580.61$24,788.29$18,179.03$42,967.32$609,800.04
10$609,800.04$3,580.61$24,047.64$18,919.68$42,967.32$590,880.36
11$590,880.36$3,580.61$23,276.82$19,690.50$42,967.32$571,189.86
12$571,189.86$3,580.61$22,474.60$20,492.72$42,967.32$550,697.14
13$550,697.14$3,580.61$21,639.70$21,327.62$42,967.32$529,369.52
14$529,369.52$3,580.61$20,770.78$22,196.54$42,967.32$507,172.98
15$507,172.98$3,580.61$19,866.46$23,100.86$42,967.32$484,072.12
16$484,072.12$3,580.61$18,925.28$24,042.04$42,967.32$460,030.08
17$460,030.08$3,580.61$17,945.78$25,021.54$42,967.32$435,008.54
18$435,008.54$3,580.61$16,926.36$26,040.96$42,967.32$408,967.58
19$408,967.58$3,580.61$15,865.42$27,101.90$42,967.32$381,865.68
20$381,865.68$3,580.61$14,761.24$28,206.08$42,967.32$353,659.60
21$353,659.60$3,580.61$13,612.10$29,355.22$42,967.32$324,304.38
22$324,304.38$3,580.61$12,416.10$30,551.22$42,967.32$293,753.16
23$293,753.16$3,580.61$11,171.43$31,795.89$42,967.32$261,957.27
24$261,957.27$3,580.61$9,876.01$33,091.31$42,967.32$228,865.96
25$228,865.96$3,580.61$8,527.80$34,439.52$42,967.32$194,426.44
26$194,426.44$3,580.61$7,124.69$35,842.63$42,967.32$158,583.81
27$158,583.81$3,580.61$5,664.39$37,302.93$42,967.32$121,280.88
28$121,280.88$3,580.61$4,144.62$38,822.70$42,967.32$82,458.18
29$82,458.18$3,580.61$2,562.92$40,404.40$42,967.32$42,053.78
30$42,053.78$3,580.61$916.79$42,053.78$42,970.57$0.00
YearBeginning balanceMonthly paymentTotal interest paidTotal principal paidTotal payed throught the yearRemaining balance
1$750,000.00$5,547.66$29,322.00$37,249.92$66,571.92$712,750.08
2$712,750.08$5,547.66$27,804.40$38,767.52$66,571.92$673,982.56
3$673,982.56$5,547.66$26,224.94$40,346.98$66,571.92$633,635.58
4$633,635.58$5,547.66$24,581.16$41,990.76$66,571.92$591,644.82
5$591,644.82$5,547.66$22,870.36$43,701.56$66,571.92$547,943.26
6$547,943.26$5,547.66$21,089.90$45,482.02$66,571.92$502,461.24
7$502,461.24$5,547.66$19,236.89$47,335.03$66,571.92$455,126.21
8$455,126.21$5,547.66$17,308.39$49,263.53$66,571.92$405,862.68
9$405,862.68$5,547.66$15,301.31$51,270.61$66,571.92$354,592.07
10$354,592.07$5,547.66$13,212.47$53,359.45$66,571.92$301,232.62
11$301,232.62$5,547.66$11,038.53$55,533.39$66,571.92$245,699.23
12$245,699.23$5,547.66$8,776.01$57,795.91$66,571.92$187,903.32
13$187,903.32$5,547.66$6,421.32$60,150.60$66,571.92$127,752.72
14$127,752.72$5,547.66$3,970.69$62,601.23$66,571.92$65,151.49
15$65,151.49$2,144.68$1,420.23$65,151.49$66,571.72 $0.00

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