← Price Inflation Report / Mortgage & Rate Calculator
Mortgage Analysis
With a 20% down payment ($130,000) at a 6.9% interest rate, a $650,000 home has a monthly principal and interest payment of $3,425 on a 30-year mortgage, or $4,444 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)
$3,425
20% down · 6.9% rate
Monthly (15-yr)
$4,444
20% down · 6.2% rate
Total Interest (30-yr)
$712,899
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% | $19,500 | $630,500 | $4,152 | $5,389 |
| 5% | $32,500 | $617,500 | $4,067 | $5,278 |
| 10% | $65,000 | $585,000 | $3,853 | $5,000 |
| 20% | $130,000 | $520,000 | $3,425 | $4,444 |
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 $520,000 loan adds approximately $355 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