118k Mortgage For 15 Years

What's the monthly mortgage payment for a $118,000 mortgage for 15 years?
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118k Mortgage For 15 Years (180 Months). Enter your loan details to view a printable amortization schedule and a payment summary.

  • Loan Amount: Enter total loan amount.
  • Down Payment: Enter the down payment.
  • Interest Rate: Enter the interest rate.
  • Years: Enter the loan length.
Make sure to shop around when choosing a mortgage. A small change in APR can add up to big savings over the course of the loan. For example, the payment of a 15 year fixed 118000 loan at 5.25% is 948.58/month. At 6.25% that mortgage payment jumps to 1,011.76/month. A 15 year fixed loan will have a total of 180 monthly payments. In total, the loan at 6.25% will end up costing $11,373 more than the 5.25% mortgage after 180 payments.

How much is the monthly payment for a 118,000 over 15 years? Browse the table below to view monthly payments based on interest rate.

Monthly Mortgage Payment for a $118,000 Loan over 180 Months

Monthly Payment by Interest Rate (15 Year Loan)
15 Year mortgage Payment
$118,000 mortgage at 1.25%$719.27 per month
$118,000 mortgage at 1.5%$732.48 per month
$118,000 mortgage at 1.75%$745.83 per month
$118,000 mortgage at 2%$759.34 per month
$118,000 mortgage at 2.25%$773.00 per month
$118,000 mortgage at 2.5%$786.81 per month
$118,000 mortgage at 2.75%$800.77 per month
$118,000 mortgage at 3%$814.89 per month
$118,000 mortgage at 3.25%$829.15 per month
$118,000 mortgage at 3.5%$843.56 per month
$118,000 mortgage at 3.75%$858.12 per month
$118,000 mortgage at 4%$872.83 per month
$118,000 mortgage at 4.25%$887.69 per month
$118,000 mortgage at 4.5%$902.69 per month
15 Year mortgage Payment
$118,000 mortgage at 4.75%$917.84 per month
$118,000 mortgage at 5%$933.14 per month
$118,000 mortgage at 5.25%$948.58 per month
$118,000 mortgage at 5.5%$964.16 per month
$118,000 mortgage at 5.75%$979.88 per month
$118,000 mortgage at 6%$995.75 per month
$118,000 mortgage at 6.25%$1,011.76 per month
$118,000 mortgage at 6.5%$1,027.91 per month
$118,000 mortgage at 6.75%$1,044.19 per month
$118,000 mortgage at 7%$1,060.62 per month
$118,000 mortgage at 7.25%$1,077.18 per month
$118,000 mortgage at 7.5%$1,093.87 per month
$118,000 mortgage at 7.75%$1,110.71 per month
$118,000 mortgage at 8%$1,127.67 per month