Mortgage Payment on a $150,000 House
With 20% down ($30,000) and a 30-year fixed loan, the principal-and-interest payment on a $150,000 home ranges from about $681 at 5.5% to $839 at 7.5%. Taxes, insurance and PMI come on top.
Open a $150,000 home in the mortgage calculator
30-year payment by down payment and rate
| Down payment | 5.5% | 6.0% | 6.5% | 7.0% | 7.5% |
|---|---|---|---|---|---|
| 3.5% ($5,250) | $822 | $868 | $915 | $963 | $1,012 |
| 5% ($7,500) | $809 | $854 | $901 | $948 | $996 |
| 10% ($15,000) | $767 | $809 | $853 | $898 | $944 |
| 20% ($30,000) | $681 | $719 | $758 | $798 | $839 |
15-year vs 30-year (20% down, $120,000 loan)
| Rate | 30-yr payment | 15-yr payment | 30-yr interest | 15-yr interest |
|---|---|---|---|---|
| 5.5% | $681 | $981 | $125,285 | $56,490 |
| 6.0% | $719 | $1,013 | $139,006 | $62,273 |
| 6.5% | $758 | $1,045 | $153,053 | $68,159 |
| 7.0% | $798 | $1,079 | $167,411 | $74,147 |
| 7.5% | $839 | $1,112 | $182,061 | $80,235 |
The full monthly cost
A lender will add property tax, homeowners insurance and, below 20% down, PMI. Example with 10% down at 6.5% for 30 years:
| Principal & interest | $853.29 |
|---|---|
| Property tax at the U.S. effective rate (0.89%) | $111.25 |
| PMI at 0.5% a year (example rate) | $56.25 |
| Subtotal before insurance and HOA | $1,020.79 |
Freddie Mac estimates PMI at about $30–$70 a month per $100,000 borrowed — $40 to $94 a month on this $135,000 loan. Property tax varies by location: the same home would pay about $34 a month at Hawaii’s 0.27% effective rate and $240 at Illinois’s 1.92% (Census ACS 2024).
Income needed for a $150,000 house
Keeping that payment within 28% of gross income — a common lender guideline — takes a household income of roughly $43,748 a year, before counting insurance, HOA dues or other debts. Check your own situation with the affordability calculator.
How a $150,000 home compares
$150,000 is above the median home value in 0 of the 50 states and DC in the Census Bureau’s 2024 data.
Other home prices
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Sources
- U.S. Census Bureau, American Community Survey 2024 1-year estimates, table B25103 (median real estate taxes paid) and table B25077 (median value, owner-occupied units)
- Freddie Mac, “Breaking down PMI,” My Home by Freddie Mac (accessed September 2026)
- Freddie Mac, Primary Mortgage Market Survey (weekly average rates)