← Price Inflation Report / Mortgage & Rate Calculator
Mortgage Analysis
With a 20% down payment ($80,000) at a 6.9% interest rate, a $400,000 home has a monthly principal and interest payment of $2,108 on a 30-year mortgage, or $2,735 on a 15-year mortgage.
Rate assumption: 6.9% (30-yr) / 6.2% (15-yr). P&I only — excludes taxes, insurance, PMI. Use the live calculator for current rates.
Monthly (30-yr)
$2,108
20% down · 6.9% rate
Monthly (15-yr)
$2,735
20% down · 6.2% rate
Total Interest (30-yr)
$438,707
over life of loan
Monthly principal and interest only. At 6.9% (30-yr) and 6.2% (15-yr).
| Down Payment | Down Amount | Loan Amount | 30-yr Payment | 15-yr Payment |
|---|---|---|---|---|
| 3% | $12,000 | $388,000 | $2,555 | $3,316 |
| 5% | $20,000 | $380,000 | $2,503 | $3,248 |
| 10% | $40,000 | $360,000 | $2,371 | $3,077 |
| 20% | $80,000 | $320,000 | $2,108 | $2,735 |
Mortgage rates are closely tied to inflation. When inflation runs high, the Federal Reserve raises interest rates to cool the economy — which pushes mortgage rates up and increases your monthly payment. A 1-point rate increase on a $320,000 loan adds approximately $218 to your monthly payment. Tracking inflation helps you understand where mortgage rates may be headed.
The figures above use a fixed rate assumption. Use the full calculator to pull the current 30-year fixed rate live from the Federal Reserve and enter your exact details.
Open Live Calculator →Rate estimates only. Not financial advice. · Price Inflation Report