Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

How much would I pay on an $850,000 mortgage?

Repayments, total interest and amortization to borrow with confidence.

Britny Lawhorn

Updated Jan 7, 2021

Fact checked

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 an $850,000 mortgage.

Monthly mortgage payment calculator

See how much you'll pay for your $850,000 home

Your loan
Loan amount
$
Loan terms (in years)

Interest rate
$ %

CALCULATE

Fill out the form and click on “Calculate” to see your estimated monthly payment.

Compare mortgages now

Based on your loan terms...

You can expect to pay back $ per month

This breaks down to...

$ in principal and $ in interest charged, with a total cost of $ Compare mortgages now

1. Enter how much you want to borrow under Loan amount.
2. Type in your mortgage term in years (not months) under the Loan terms field.
3. Enter the loan’s interest rate if it doesn’t come with any fees under Interest rate. Note that your monthly mortgage payments will vary depending on your interest rate, taxes, PMI costs and other related fees. If you have this information available, you can enter the annual percentage rate (APR), which includes interest and fees combined.
4. Click Calculate.
5. Review your results.

Monthly payments on an $850,000 mortgage

At a 4% fixed interest rate, your monthly mortgage payment on a 30-year mortgage might total $4,058.03 a month, while a 15-year might cost $6,287.35 a month.

See your monthly payments by interest rate.

Interest	Mortgage term	Monthly payments
3.0%	15 years	$5,869.94
3.0%	30 years	$3,583.63
3.25%	15 years	$5,972.68
3.25%	30 years	$3,699.25
3.5%	15 years	$6,076.50
3.5%	30 years	$3,816.88
3.75%	15 years	$6,181.39
3.75%	30 years	$3,936.48
4.0%	15 years	$6,287.35
4.0%	30 years	$4,058.03
4.25%	15 years	$6,394.37
4.25%	30 years	$4,181.49
4.5%	15 years	$6,502.44
4.5%	30 years	$4,306.83
4.75%	15 years	$6,611.57
4.75%	30 years	$4,434.00
5.0%	15 years	$6,721.75
5.0%	30 years	$4,562.98
5.25%	15 years	$6,832.96
5.25%	30 years	$4,693.73
5.5%	15 years	$6,945.21
5.5%	30 years	$4,826.21

Compare mortgage lenders and brokers

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	Loan products offered	State availability	Min. credit score
Morty (NMLS #1429243)	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	Preapproval in minutes and closing in as little as 3 weeks with no origination fees.	See rates More Info	loading Fetching your data...
SoFi (NMLS #1121636)	Conventional, Home equity, Refinance	Not available in: HI, MO, NM, NY, WV	620	No hidden fees, multiple loan terms, and member discounts available.	See rates More Info	loading Fetching your data...
Rocket Mortgage (NMLS #3030)	Conventional, Jumbo, FHA, VA, Refinance	Available in all states	620	Streamline your mortgage from quote to final payment — all from your computer or phone.	See rates More Info	loading Fetching your data...
Better (NMLS #330511)	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.	See rates More Info	loading Fetching your data...
LendingTree (NMLS #1136)	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.	See rates More Info	loading Fetching your data...

Compare up to 4 providers

Your total interest on an $850,000 mortgage

On a 30-year mortgage with a 4% fixed interest rate, you’ll pay $610,890.81 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 $281,722.30 in interest over the life of your loan — or about half of the interest you’d pay on a 30-year mortgage.

Interest	Mortgage term	Total interest charged
3.0%	15 years	$206,590.08
3.0%	30 years	$440,109.32
3.25%	15 years	$225,083.54
3.25%	30 years	$481,732.31
3.5%	15 years	$243,770.46
3.5%	30 years	$524,076.94
3.75%	15 years	$262,650.33
3.75%	30 years	$567,134.59
4.0%	15 years	$281,722.30
4.0%	30 years	$610,890.81
4.25%	15 years	$300,985.78
4.25%	30 years	$655,335.73
4.5%	15 years	$320,440.00
4.5%	30 years	$700,455.19
4.75%	15 years	$340,082.92
4.75%	30 years	$746,242.07
5.0%	15 years	$359,913.88
5.0%	30 years	$792,675.96
5.25%	15 years	$379,932.89
5.25%	30 years	$839,743.75
5.5%	15 years	$400,137.59
5.5%	30 years	$887,432.51

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 charges.

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 an $850,000 mortgage at a 4% fixed interest with our amortization schedule over 15 and 30 years.

30-year loan
15-year loan

Year	Beginning balance	Monthly payment	Total interest paid	Total principal paid	Total payed throught the year	Remaining balance
1	$850,000.00	$4,058.03	$33,727.55	$14,968.81	$48,696.36	$835,031.19
2	$835,031.19	$4,058.03	$33,117.72	$15,578.64	$48,696.36	$819,452.55
3	$819,452.55	$4,058.03	$32,483.01	$16,213.35	$48,696.36	$803,239.20
4	$803,239.20	$4,058.03	$31,822.43	$16,873.93	$48,696.36	$786,365.27
5	$786,365.27	$4,058.03	$31,134.96	$17,561.40	$48,696.36	$768,803.87
6	$768,803.87	$4,058.03	$30,419.51	$18,276.85	$48,696.36	$750,527.02
7	$750,527.02	$4,058.03	$29,674.87	$19,021.49	$48,696.36	$731,505.53
8	$731,505.53	$4,058.03	$28,899.91	$19,796.45	$48,696.36	$711,709.08
9	$711,709.08	$4,058.03	$28,093.36	$20,603.00	$48,696.36	$691,106.08
10	$691,106.08	$4,058.03	$27,253.96	$21,442.40	$48,696.36	$669,663.68
11	$669,663.68	$4,058.03	$26,380.37	$22,315.99	$48,696.36	$647,347.69
12	$647,347.69	$4,058.03	$25,471.18	$23,225.18	$48,696.36	$624,122.51
13	$624,122.51	$4,058.03	$24,524.95	$24,171.41	$48,696.36	$599,951.10
14	$599,951.10	$4,058.03	$23,540.18	$25,156.18	$48,696.36	$574,794.92
15	$574,794.92	$4,058.03	$22,515.26	$26,181.10	$48,696.36	$548,613.82
16	$548,613.82	$4,058.03	$21,448.62	$27,247.74	$48,696.36	$521,366.08
17	$521,366.08	$4,058.03	$20,338.51	$28,357.85	$48,696.36	$493,008.23
18	$493,008.23	$4,058.03	$19,183.14	$29,513.22	$48,696.36	$463,495.01
19	$463,495.01	$4,058.03	$17,980.75	$30,715.61	$48,696.36	$432,779.40
20	$432,779.40	$4,058.03	$16,729.34	$31,967.02	$48,696.36	$400,812.38
21	$400,812.38	$4,058.03	$15,426.95	$33,269.41	$48,696.36	$367,542.97
22	$367,542.97	$4,058.03	$14,071.49	$34,624.87	$48,696.36	$332,918.10
23	$332,918.10	$4,058.03	$12,660.84	$36,035.52	$48,696.36	$296,882.58
24	$296,882.58	$4,058.03	$11,192.70	$37,503.66	$48,696.36	$259,378.92
25	$259,378.92	$4,058.03	$9,664.74	$39,031.62	$48,696.36	$220,347.30
26	$220,347.30	$4,058.03	$8,074.52	$40,621.84	$48,696.36	$179,725.46
27	$179,725.46	$4,058.03	$6,419.52	$42,276.84	$48,696.36	$137,448.62
28	$137,448.62	$4,058.03	$4,697.08	$43,999.28	$48,696.36	$93,449.34
29	$93,449.34	$4,058.03	$2,904.51	$45,791.85	$48,696.36	$47,657.49
30	$47,657.49	$4,058.03	$1,038.88	$47,657.49	$48,696.37	$0.00

Year	Beginning balance	Monthly payment	Total interest paid	Total principal paid	Total payed throught the year	Remaining balance
1	$850,000.00	$6,287.35	$33,231.60	$42,216.60	$75,448.20	$807,783.40
2	$807,783.40	$6,287.35	$31,511.64	$43,936.56	$75,448.20	$763,846.84
3	$763,846.84	$6,287.35	$29,721.60	$45,726.60	$75,448.20	$718,120.24
4	$718,120.24	$6,287.35	$27,858.62	$47,589.58	$75,448.20	$670,530.66
5	$670,530.66	$6,287.35	$25,919.73	$49,528.47	$75,448.20	$621,002.19
6	$621,002.19	$6,287.35	$23,901.87	$51,546.33	$75,448.20	$569,455.86
7	$569,455.86	$6,287.35	$21,801.82	$53,646.38	$75,448.20	$515,809.48
8	$515,809.48	$6,287.35	$19,616.15	$55,832.05	$75,448.20	$459,977.43
9	$459,977.43	$6,287.35	$17,341.48	$58,106.72	$75,448.20	$401,870.71
10	$401,870.71	$6,287.35	$14,974.15	$60,474.05	$75,448.20	$341,396.66
11	$341,396.66	$6,287.35	$12,510.32	$62,937.88	$75,448.20	$278,458.78
12	$278,458.78	$6,287.35	$9,946.15	$65,502.05	$75,448.20	$212,956.73
13	$212,956.73	$6,287.35	$7,277.49	$68,170.71	$75,448.20	$144,786.02
14	$144,786.02	$6,287.35	$4,500.11	$70,948.09	$75,448.20	$73,837.93
15	$73,837.93	$6,287.35	$1,609.57	$73,837.93	$75,447.50	$0.00

Thank you for your feedback!

Britny Lawhorn

Britny Lawhorn is a publisher for Finder who specializes in mortgages. She’s here to help readers get a better deal when they buy or refinance a home. Prior to joining Finder, she spent more than 5 years working in marketing agencies where she helped businesses grow their audience. She attended the University of Tennessee, where she earned a degree in English. In her free time, she enjoys traveling, volunteer work and dabbles in photography.

How much would I pay on an $800,000 mortgage? Wells Fargo HELOC review

More guides on Finder

Top school districts to purchase an affordable home
A look at America’s best school districts with the least expensive homes.
Recession-proof businesses
Finder takes a deep dive in search of recession-proof businesses and industries, looking into both businesses that are succeeding in spite of the current pandemic and industries that performed well during the Great Recession
How much does health insurance cost?
Most working Americans pay around $1,489 in premiums each year. Compare costs now.
How much will I get from disability insurance?
Disability insurance typically pays out between 40% and 80% of your income, but will depend on the type of policy you have.
Processing fees and campaigns: How much are Americans spending?
Finder uncovers how much Americans are spending on payment processing fees for political campaign donations, who pays the fees and which companies are benefiting the most.
How would you spend your savings?
In the age of #adulting, Finder asks Americans what their financial priorities are and what they’re most willing to dip into their savings for.
States with the strictest driving laws
If you’re relaxed behind the wheel, you’ll want to steer clear of these states with the strictest driving laws.
Senior driving stats
Compare the good and the risky sides of driving when you’re a senior.
What is the average credit score in America?
Finder analyzes data to determine what the average credit score is by state and if higher education converts to higher credit scores.
Loans for small businesses affected by the coronavirus
Where to find free or low-interest funding to keep you afloat during the COVID-19 outbreak.

Ask an Expert

Click here to cancel reply.

Display Name

Your Email (will not be published)

Your Question

I agree to Finder’s terms of use and privacy and cookie policy, and I opt in to receive email from Finder

Subscribe me to Finder’s free weekly newsletter for budgeting tools, timely news and savings essentials to take control of your finances

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and finder.com Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.

How much would I pay on an $850,000 mortgage?

Repayments, total interest and amortization to borrow with confidence.

Mortgage Guides

How To:

Loan Types

We Compare The Following Lenders And Brokers

Term Length

Monthly mortgage payment calculator

Fill out the form and click on “Calculate” to see your estimated monthly payment.

Based on your loan terms...

This breaks down to...

How to use this mortgage repayment calculator

Monthly payments on an $850,000 mortgage

See your monthly payments by interest rate.

Compare mortgage lenders and brokers

Compare up to 4 providers

Your total interest on an $850,000 mortgage

See how much you'd pay in total interest based on the interest rate.

Amortization schedule

Britny Lawhorn

More guides on Finder

Ask an Expert

Advertiser Disclosure