Current Mortgage Rates for a 295k Home

What are the current mortgage rates for a 295,000 House?
30-Year Average

7.02%

15-Year Average

6.28%

Rates are from Freddie Mac's weekly survey of mortgage lenders across the US (updated: 5/16/2024). Check with a lender to get a complete idea of the mortgage costs. Use the calculator below to estimate monthly payments.
Mortgage Summary
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To get the best rates, compare multiple quotes from local banks and online lenders. A small change in APR can have a big impact on your total costs for a $295000 mortgage.

Get mortgage quotes directly from lenders to confirm your APR. Fees, such as closing costs can vary by lender so it's important to get a few quotes.

Browse the chart below to see monthly and total payments based on interest rate for 15 and 30 year fixed mortgage loans.
Monthly Mortgage Payment Based on Current Rates
Price Down Payment Loan Amount 6.28% (15 Years) 7.02% (30 Years)
295k 14,750 280,250 2,407.51 1,868.28
295k 29,500 265,500 2,280.80 1,769.95
295k 44,250 250,750 2,154.09 1,671.62
295k 59,000 236,000 2,027.38 1,573.29
295k 73,750 221,250 1,900.67 1,474.95
295k 88,500 206,500 1,773.96 1,376.62
Monthly Payment Table for a $295,000 Mortgage
Rate 15 Year Mortgage Monthly 15 Year Mortgage Total 30 Year Mortgage Monthly 30 Year Mortgage Total
2% 1,898.35 341,703.12 1,090.38 392,535.88
2.5% 1,967.03 354,065.07 1,165.61 419,618.39
3% 2,037.22 366,698.85 1,243.73 447,743.48
3.5% 2,108.90 379,602.63 1,324.68 476,885.46
4% 2,182.08 392,774.29 1,408.38 507,015.04
4.5% 2,256.73 406,211.44 1,494.72 538,099.80
5% 2,332.84 419,911.42 1,583.62 570,104.56
5.5% 2,410.40 433,871.31 1,674.98 602,991.92
6% 2,489.38 448,087.98 1,768.67 636,722.66
6.5% 2,569.77 462,558.01 1,864.60 671,256.24
7% 2,651.54 477,277.81 1,962.64 706,551.25
7.5% 2,734.69 492,243.56 2,062.68 742,565.81
8% 2,819.17 507,451.26 2,164.61 779,257.98