$350,000 mortgage at 8% for 15 years

$3,344.78/mo

Principal & interest · total interest $252,061 · total paid $602,061

Amortization schedule

Year	Principal	Interest	Total interest	Balance
1	$12,592	$27,545	$27,545	$337,408
2	$13,638	$26,500	$54,045	$323,770
3	$14,770	$25,368	$79,413	$309,000
4	$15,995	$24,142	$103,554	$293,005
5	$17,323	$22,814	$126,369	$275,682
6	$18,761	$21,377	$147,745	$256,921
7	$20,318	$19,819	$167,565	$236,603
8	$22,004	$18,133	$185,698	$214,599
9	$23,831	$16,307	$202,005	$190,768
10	$25,809	$14,329	$216,333	$164,959
11	$27,951	$12,187	$228,520	$137,009
12	$30,271	$9,867	$238,387	$106,738
13	$32,783	$7,354	$245,741	$73,955
14	$35,504	$4,633	$250,374	$38,451
15	$38,451	$1,687	$252,061	$0

What is the payment on a $350,000 mortgage at 8% for 15 years?

$3,344.78 per month (principal and interest). Total interest over 15 years: $252,061.