118k Mortgage For 20 Years

What's the monthly mortgage payment for a $118,000 mortgage for 20 years?
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118k Mortgage For 20 Years (240 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 20 year fixed 118000 loan at 5.25% is 795.14/month. At 6.25% that mortgage payment jumps to 862.50/month. A 20 year fixed loan will have a total of 240 monthly payments. In total, the loan at 6.25% will end up costing $16,166 more than the 5.25% mortgage after 240 payments.

How much is the monthly payment for a 118,000 over 20 years? Browse the table below to view monthly payments based on interest rate.

Monthly Mortgage Payment for a $118,000 Loan over 240 Months

Monthly Payment by Interest Rate (20 Year Loan)
20 Year mortgage Payment
$118,000 mortgage at 1.25%$555.94 per month
$118,000 mortgage at 1.5%$569.40 per month
$118,000 mortgage at 1.75%$583.07 per month
$118,000 mortgage at 2%$596.94 per month
$118,000 mortgage at 2.25%$611.01 per month
$118,000 mortgage at 2.5%$625.29 per month
$118,000 mortgage at 2.75%$639.76 per month
$118,000 mortgage at 3%$654.43 per month
$118,000 mortgage at 3.25%$669.29 per month
$118,000 mortgage at 3.5%$684.35 per month
$118,000 mortgage at 3.75%$699.61 per month
$118,000 mortgage at 4%$715.06 per month
$118,000 mortgage at 4.25%$730.70 per month
$118,000 mortgage at 4.5%$746.53 per month
20 Year mortgage Payment
$118,000 mortgage at 4.75%$762.54 per month
$118,000 mortgage at 5%$778.75 per month
$118,000 mortgage at 5.25%$795.14 per month
$118,000 mortgage at 5.5%$811.71 per month
$118,000 mortgage at 5.75%$828.46 per month
$118,000 mortgage at 6%$845.39 per month
$118,000 mortgage at 6.25%$862.50 per month
$118,000 mortgage at 6.5%$879.78 per month
$118,000 mortgage at 6.75%$897.23 per month
$118,000 mortgage at 7%$914.85 per month
$118,000 mortgage at 7.25%$932.64 per month
$118,000 mortgage at 7.5%$950.60 per month
$118,000 mortgage at 7.75%$968.72 per month
$118,000 mortgage at 8%$987.00 per month