Free Tool · US Mortgage Rates 2026
Mortgage Payment Calculator
Calculate your monthly mortgage payment, total interest paid, and full amortization schedule for any US home loan.
Quick Answer: A $400,000 30-year mortgage at 6.8% interest requires a monthly payment of approximately $2,610. Over 30 years, total interest paid is $539,600 — more than the original loan amount.
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Frequently Asked Questions
What is the average mortgage rate in 2026?
As of 2026, 30-year fixed mortgage rates generally range from 6.5% to 7.5% depending on your credit score, loan type, and lender. Rates are heavily influenced by Federal Reserve policy and 10-year Treasury yields. Borrowers with 760+ credit scores typically receive the lowest available rates.
How much house can I afford on a $100K salary?
A common guideline is the 28/36 rule: spend no more than 28% of gross monthly income on housing and 36% on all debt. On a $100K salary ($8,333/month), that means a maximum mortgage payment of ~$2,333/month, which qualifies for roughly a $350,000–$380,000 loan at current rates.
Is a 15-year or 30-year mortgage better?
A 15-year mortgage has higher monthly payments but saves tens of thousands in interest and builds equity faster. A 30-year mortgage has lower payments, providing more monthly cash flow flexibility. Most financial advisors recommend the 30-year if you invest the payment difference — but the 15-year wins if you wouldn’t invest the savings.
📋 Disclaimer: Educational estimates only. Does not include PMI, HOA fees, or local taxes. Actual payments depend on lender terms, credit score, and local tax rates. Consult a licensed mortgage professional.