UT Austin · Mortgage examples
What is the estimated mortgage principal-and-interest payment on a $300,000 home near University of Texas at Austin with 20% down?
As of · Published planning benchmarks
Direct answer
At the stored 6.71% 30-year benchmark with 20% down, estimated principal + interest is $1,550/month on a $240,000 loan. Principal + interest only at 6.71% for 30 years; taxes, homeowners insurance, HOA dues, PMI if applicable, closing costs and other property/loan charges are separate.
$300,000 · 20% down · 6.71% · 30 years = $1,550/mo P&I
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Matt Dean
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Sources & assumptions
Use the source period and assumptions shown above when comparing these figures with a specific property.