$150,000 Mortgage Payment
A $150,000 loan — the amount you borrow — costs $1,001 a month in principal and interest on a 30-year fixed at the September 24, 2026 Freddie Mac average of 7.03%. Over 30 years that is $210,350 of interest; a 15-year loan at 6.42% raises the payment to $1,300 but cuts interest to $84,014.
Property tax and insurance are what make the payment local. On the $187,500 home this loan buys with 20% down, they add anywhere from $100 a month in Hawaii to $717 in Florida. In 2026 the loan is conforming in all 3,143 counties.
Loan Parameters
Total Monthly Payment
$1,370
Principal & Interest + Taxes + Insurance
APR 7.030%
Total Interest
$210,350
Total Cost
$493,140
Advanced Parameters
Loan Summary
Payoff Date
Sep 2056
Interest / Principal
1.40x
Mortgage Insurance Ends
N/A
50% Equity
Jul 2048
Amortization Schedule
| Period | Payment | Principal | Interest | PMI | Balance | Equity |
|---|---|---|---|---|---|---|
| Year 1 | $12,012 | $1,515 | $10,497 | — | $148,485 | $39,015 |
| Year 2 | $12,012 | $1,625 | $10,387 | — | $146,860 | $40,640 |
| Year 3 | $12,012 | $1,743 | $10,269 | — | $145,117 | $42,383 |
| Year 4 | $12,012 | $1,870 | $10,142 | — | $143,248 | $44,252 |
| Year 5 | $12,012 | $2,005 | $10,007 | — | $141,242 | $46,258 |
| Year 6 | $12,012 | $2,151 | $9,861 | — | $139,092 | $48,408 |
| Year 7 | $12,012 | $2,307 | $9,705 | — | $136,785 | $50,715 |
| Year 8 | $12,012 | $2,475 | $9,537 | — | $134,310 | $53,190 |
| Year 9 | $12,012 | $2,654 | $9,358 | — | $131,656 | $55,844 |
| Year 10 | $12,012 | $2,847 | $9,165 | — | $128,809 | $58,691 |
| Year 11 | $12,012 | $3,054 | $8,958 | — | $125,755 | $61,745 |
| Year 12 | $12,012 | $3,275 | $8,736 | — | $122,480 | $65,020 |
| Year 13 | $12,012 | $3,513 | $8,499 | — | $118,967 | $68,533 |
| Year 14 | $12,012 | $3,768 | $8,243 | — | $115,198 | $72,302 |
| Year 15 | $12,012 | $4,042 | $7,970 | — | $111,157 | $76,344 |
| Year 16 | $12,012 | $4,335 | $7,676 | — | $106,821 | $80,679 |
| Year 17 | $12,012 | $4,650 | $7,362 | — | $102,171 | $85,329 |
| Year 18 | $12,012 | $4,988 | $7,024 | — | $97,183 | $90,317 |
| Year 19 | $12,012 | $5,350 | $6,662 | — | $91,833 | $95,667 |
| Year 20 | $12,012 | $5,738 | $6,273 | — | $86,095 | $101,405 |
| Year 21 | $12,012 | $6,155 | $5,857 | — | $79,940 | $107,560 |
| Year 22 | $12,012 | $6,602 | $5,410 | — | $73,338 | $114,162 |
| Year 23 | $12,012 | $7,081 | $4,930 | — | $66,256 | $121,244 |
| Year 24 | $12,012 | $7,596 | $4,416 | — | $58,661 | $128,839 |
| Year 25 | $12,012 | $8,147 | $3,865 | — | $50,513 | $136,987 |
| Year 26 | $12,012 | $8,739 | $3,273 | — | $41,775 | $145,725 |
| Year 27 | $12,012 | $9,373 | $2,639 | — | $32,402 | $155,098 |
| Year 28 | $12,012 | $10,054 | $1,958 | — | $22,348 | $165,152 |
| Year 29 | $12,012 | $10,784 | $1,228 | — | $11,564 | $175,936 |
| Year 30 | $12,009 | $11,564 | $445 | — | $0 | $187,500 |
$150,000 mortgage at a glance
- Loan amount
- $150,000
- Conforming in all 3,143 counties
- Home price at 20% down
- $187,500
- $37,500 down payment
- Principal & interest, 30-year
- $1,001/mo
- At 7.03% (PMMS, September 24, 2026)
- Principal & interest, 15-year
- $1,300/mo
- At 6.42%
- Total interest, 30 vs 15 years
- $210,350 vs $84,014
- 15-year saves $126,336
- Payment with tax & insurance
- $1,101 – $1,718
- Hawaii to Florida
- Income needed (28% rule)
- $48,000 – $74,000
- Depends on state tax & insurance
$150,000 mortgage payment by interest rate
Monthly totals include property tax and homeowners insurance. Highlighted row is nearest the September 24, 2026 Freddie Mac 30-year average.
| Rate | 30-yr P&I | 30-yr total | 30-yr interest | 15-yr P&I | 15-yr total | 15-yr interest |
|---|---|---|---|---|---|---|
| 5.75% | $875 | $1,244 | $165,130 | $1,246 | $1,614 | $74,212 |
| 6.00% | $899 | $1,268 | $173,759 | $1,266 | $1,635 | $77,842 |
| 6.25% | $924 | $1,292 | $182,489 | $1,286 | $1,655 | $81,503 |
| 6.50% | $948 | $1,317 | $191,316 | $1,307 | $1,676 | $85,199 |
| 6.75% | $973 | $1,342 | $200,244 | $1,327 | $1,696 | $88,925 |
| 7.00% | $998 | $1,367 | $209,262 | $1,348 | $1,717 | $92,683 |
| 7.25% | $1,023 | $1,392 | $218,374 | $1,369 | $1,738 | $96,472 |
| 7.50% | $1,049 | $1,418 | $227,575 | $1,391 | $1,759 | $100,294 |
| 7.75% | $1,075 | $1,443 | $236,863 | $1,412 | $1,781 | $104,144 |
| 8.00% | $1,101 | $1,470 | $246,234 | $1,433 | $1,802 | $108,026 |
| 8.25% | $1,127 | $1,496 | $255,684 | $1,455 | $1,824 | $111,938 |
$150,000 mortgage payment by state
30-year fixed at 7.03%, $187,500 home with 20% down. Rank 1 = most expensive.
| State | Tax / mo | Insurance / mo | Total / mo | Rank | Income needed | Loan type |
|---|---|---|---|---|---|---|
| Alabama | $58 | $303 | $1,362 | 23 | $59,000 | Conforming |
| Alaska | $147 | $116 | $1,264 | 41 | $55,000 | Conforming |
| Arizona | $75 | $195 | $1,271 | 38 | $55,000 | Conforming |
| Arkansas | $88 | $311 | $1,400 | 16 | $60,000 | Conforming |
| California | $117 | $135 | $1,253 | 45 | $54,000 | Conforming |
| Colorado | $78 | $414 | $1,493 | 8 | $64,000 | Conforming |
| Connecticut | $241 | $159 | $1,400 | 15 | $61,000 | Conforming |
| Delaware | $84 | $115 | $1,200 | 49 | $52,000 | Conforming |
| Florida | $122 | $595 | $1,718 | 1 | $74,000 | Conforming |
| Georgia | $123 | $194 | $1,318 | 33 | $57,000 | Conforming |
| Hawaii | $45 | $55 | $1,101 | 50 | $48,000 | Conforming |
| Idaho | $78 | $187 | $1,266 | 39 | $55,000 | Conforming |
| Illinois | $294 | $220 | $1,515 | 7 | $65,000 | Conforming |
| Indiana | $119 | $241 | $1,360 | 24 | $59,000 | Conforming |
| Iowa | $208 | $242 | $1,451 | 12 | $63,000 | Conforming |
| Kansas | $189 | $438 | $1,628 | 2 | $70,000 | Conforming |
| Kentucky | $116 | $337 | $1,453 | 11 | $63,000 | Conforming |
| Louisiana | $86 | $499 | $1,586 | 5 | $68,000 | Conforming |
| Maine | $153 | $111 | $1,265 | 40 | $55,000 | Conforming |
| Maryland | $144 | $160 | $1,305 | 34 | $56,000 | Conforming |
| Massachusetts | $156 | $124 | $1,281 | 37 | $55,000 | Conforming |
| Michigan | $186 | $244 | $1,431 | 13 | $62,000 | Conforming |
| Minnesota | $156 | $227 | $1,385 | 19 | $60,000 | Conforming |
| Mississippi | $91 | $211 | $1,302 | 35 | $56,000 | Conforming |
| Missouri | $139 | $332 | $1,472 | 9 | $64,000 | Conforming |
| Montana | $95 | $268 | $1,364 | 22 | $59,000 | Conforming |
| Nebraska | $225 | $379 | $1,605 | 3 | $69,000 | Conforming |
| Nevada | $78 | $148 | $1,227 | 48 | $53,000 | Conforming |
| New Hampshire | $234 | $108 | $1,344 | 27 | $58,000 | Conforming |
| New Jersey | $294 | $118 | $1,413 | 14 | $61,000 | Conforming |
| New Mexico | $98 | $239 | $1,339 | 28 | $58,000 | Conforming |
| New York | $203 | $140 | $1,344 | 26 | $58,000 | Conforming |
| North Carolina | $103 | $260 | $1,364 | 21 | $59,000 | Conforming |
| North Dakota | $144 | $249 | $1,393 | 17 | $60,000 | Conforming |
| Ohio | $213 | $177 | $1,390 | 18 | $60,000 | Conforming |
| Oklahoma | $123 | $418 | $1,542 | 6 | $67,000 | Conforming |
| Oregon | $127 | $131 | $1,259 | 43 | $54,000 | Conforming |
| Pennsylvania | $197 | $127 | $1,325 | 32 | $57,000 | Conforming |
| Rhode Island | $175 | $204 | $1,380 | 20 | $60,000 | Conforming |
| South Carolina | $77 | $248 | $1,325 | 31 | $57,000 | Conforming |
| South Dakota | $156 | $313 | $1,471 | 10 | $64,000 | Conforming |
| Tennessee | $81 | $247 | $1,329 | 29 | $57,000 | Conforming |
| Texas | $250 | $340 | $1,591 | 4 | $69,000 | Conforming |
| Utah | $75 | $151 | $1,227 | 47 | $53,000 | Conforming |
| Vermont | $236 | $89 | $1,326 | 30 | $57,000 | Conforming |
| Virginia | $122 | $173 | $1,296 | 36 | $56,000 | Conforming |
| Washington | $117 | $146 | $1,264 | 42 | $55,000 | Conforming |
| West Virginia | $80 | $155 | $1,236 | 46 | $53,000 | Conforming |
| Wisconsin | $206 | $151 | $1,358 | 25 | $59,000 | Conforming |
| Wyoming | $83 | $173 | $1,257 | 44 | $54,000 | Conforming |
Frequently asked questions
What is the monthly payment on a $150,000 mortgage?
Principal and interest are $1,001 a month on a 30-year fixed at 7.03%, or $1,300 on a 15-year at 6.42%. With property tax and insurance on a $187,500 home (20% down), the total ranges from $1,101 in Hawaii to $1,718 in Florida.
Is $150,000 a jumbo loan?
In 2026, a $150,000 one-unit loan is conforming in all 3,143 counties. The baseline conforming limit is $832,750; high-cost counties go up to $1,249,125.
How much income do I need for a $150,000 mortgage?
Between about $48,000 and $74,000 a year to keep the full payment within 28% of gross income, depending on the state's property tax and insurance costs.
Explore related calculators
Data sources & assumptions
- Freddie Mac Primary Mortgage Market Survey (PMMS) — Weekly average as of September 24, 2026
- FHFA 2026 Conforming Loan Limit Values (one-unit) — 2026 one-unit limits, 56 states & territories
- Effective statewide property tax rate (Tax Foundation, 2026 projections) — Statewide effective rate; county rates vary
- Average annual homeowners premium, $300K dwelling / $1K deductible (industry survey averages) — Statewide average premium
- CFPB — What is private mortgage insurance?
- Homeowners Protection Act (PMI cancellation at 78–80% LTV)
Estimates exclude lender origination fees, points and closing costs. See our methodology for formulas and limitations.