Mortgage payment on a $750K house
$4,974 a month with 20% down at 7.11% — including property tax and insurance. You'd need an income of about $213,200.
On a $750,000 home with $150,000 (20%) down, you borrow $600,000. At 7.11% (30-year fixed, Freddie Mac average for the week of Nov 12, 2026), principal and interest come to $4,036 a month. Adding property tax at the U.S. average of 0.9% ($563) and insurance ($375) gives $4,974. Over 30 years you would pay $853,046 in interest.
Payment by down payment
Putting less than 20% down means a bigger loan and mortgage insurance, so the monthly payment rises:
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $150,000 | $600,000 | $4,036 | $0 | $938 | $4,974 | $213,200 |
| 10% down | $75,000 | $675,000 | $4,541 | $281 | $938 | $5,760 | $246,900 |
| 5% down | $37,500 | $712,500 | $4,793 | $297 | $938 | $6,028 | $258,300 |
| 3.5% down (FHA) | $26,250 | $736,416 | $4,954 | $332 | $938 | $6,224 | $266,700 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.9% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Payment at different interest rates
| Rate | Principal + interest | Total / month | Total interest |
|---|---|---|---|
| 5.61% | $3,448 | $4,386 | $641,373 |
| 6.11% | $3,640 | $4,578 | $710,344 |
| 6.61% | $3,836 | $4,774 | $780,930 |
| 7.11% | $4,036 | $4,974 | $853,046 |
| 7.61% | $4,241 | $5,179 | $926,606 |
| 8.11% | $4,449 | $5,387 | $1,001,526 |
15 vs 20 vs 30-year mortgage
| Term | Principal + interest | Total / month | Total interest |
|---|---|---|---|
| 30 years at 7.11% | $4,036 | $4,974 | $853,046 |
| 20 years at 7.11% | $4,691 | $5,630 | $525,958 |
| 15 years at 6.45% | $5,210 | $6,148 | $337,830 |
A shorter loan costs more each month but saves a lot of interest — and 15-year loans carry a lower rate (6.45% this week).
Mortgage on a $750K house in each state
Property tax changes the payment a lot from state to state (20% down):
| State | Tax rate | Tax / month | Total / month | Income needed |
|---|---|---|---|---|
| Alabama | 0.38% | $240 | $4,651 | $199,300 |
| Alaska | 1.06% | $660 | $5,071 | $217,300 |
| Arizona | 0.44% | $277 | $4,688 | $200,900 |
| Arkansas | 0.5% | $313 | $4,724 | $202,400 |
| California | 0.72% | $449 | $4,860 | $208,300 |
| Colorado | 0.52% | $324 | $4,736 | $203,000 |
| Connecticut | 1.59% | $992 | $5,403 | $231,500 |
| Delaware | 0.49% | $304 | $4,715 | $202,100 |
| District of Columbia | 0.67% | $420 | $4,831 | $207,000 |
| Florida | 0.8% | $501 | $4,912 | $210,500 |
| Georgia | 0.77% | $483 | $4,895 | $209,800 |
| Hawaii | 0.26% | $165 | $4,577 | $196,100 |
| Idaho | 0.42% | $263 | $4,674 | $200,300 |
| Illinois | 1.92% | $1,201 | $5,612 | $240,500 |
| Indiana | 0.74% | $461 | $4,873 | $208,800 |
| Iowa | 1.27% | $795 | $5,206 | $223,100 |
| Kansas | 1.24% | $778 | $5,189 | $222,400 |
| Kentucky | 0.72% | $448 | $4,859 | $208,200 |
| Louisiana | 0.55% | $342 | $4,753 | $203,700 |
| Maine | 0.92% | $575 | $4,986 | $213,700 |
| Maryland | 0.98% | $612 | $5,024 | $215,300 |
| Massachusetts | 1.01% | $633 | $5,044 | $216,200 |
| Michigan | 1.17% | $734 | $5,145 | $220,500 |
| Minnesota | 1.04% | $650 | $5,062 | $216,900 |
| Mississippi | 0.65% | $405 | $4,816 | $206,400 |
| Missouri | 0.79% | $494 | $4,905 | $210,200 |
| Montana | 0.69% | $431 | $4,842 | $207,500 |
| Nebraska | 1.31% | $820 | $5,232 | $224,200 |
| Nevada | 0.47% | $295 | $4,707 | $201,700 |
| New Hampshire | 1.43% | $896 | $5,307 | $227,500 |
| New Jersey | 1.82% | $1,136 | $5,547 | $237,700 |
| New Mexico | 0.63% | $395 | $4,807 | $206,000 |
| New York | 1.42% | $890 | $5,301 | $227,200 |
| North Carolina | 0.64% | $397 | $4,808 | $206,100 |
| North Dakota | 0.92% | $577 | $4,988 | $213,800 |
| Ohio | 1.22% | $764 | $5,175 | $221,800 |
| Oklahoma | 0.76% | $476 | $4,887 | $209,400 |
| Oregon | 0.79% | $493 | $4,905 | $210,200 |
| Pennsylvania | 1.12% | $703 | $5,114 | $219,200 |
| Rhode Island | 1.02% | $640 | $5,051 | $216,500 |
| South Carolina | 0.45% | $279 | $4,690 | $201,000 |
| South Dakota | 1.04% | $647 | $5,059 | $216,800 |
| Tennessee | 0.46% | $285 | $4,697 | $201,300 |
| Texas | 1.32% | $826 | $5,237 | $224,500 |
| Utah | 0.5% | $315 | $4,726 | $202,500 |
| Vermont | 1.51% | $941 | $5,352 | $229,400 |
| Virginia | 0.71% | $444 | $4,855 | $208,100 |
| Washington | 0.81% | $507 | $4,918 | $210,800 |
| West Virginia | 0.51% | $320 | $4,732 | $202,800 |
| Wisconsin | 1.2% | $752 | $5,164 | $221,300 |
| Wyoming | 0.56% | $348 | $4,759 | $203,900 |
Other home prices
Frequently asked questions
What is the monthly payment on a $750K house?
With 20% down and a 30-year fixed rate of 7.11%, the payment on a $750,000 house is about $4,036 for principal and interest, or $4,974 including average property tax and insurance.
How much income do I need for a $750K house?
Lenders generally want housing costs under 28% of gross income. A $4,974 monthly payment needs about $213,200 a year, assuming no other large debts.
How much do I need to put down on a $750K house?
20% is $150,000 and avoids PMI. Conventional loans allow as little as 3–5% ($22,500–$37,500) and FHA loans 3.5% ($26,250), but the monthly payment is higher.