20k Mortgage For 15 Years

What's the monthly mortgage payment for a $20,000 mortgage for 15 years?
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20k 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 20000 loan at 5.25% is 160.78/month. At 6.25% that mortgage payment jumps to 171.48/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 $1,928 more than the 5.25% mortgage after 180 payments.

How much is the monthly payment for a 20,000 over 15 years? Browse the table below to view monthly payments based on interest rate.

Monthly Mortgage Payment for a $20,000 Loan over 180 Months

Monthly Payment by Interest Rate (15 Year Loan)
15 Year mortgage Payment
$20,000 mortgage at 1.25%$121.91 per month
$20,000 mortgage at 1.5%$124.15 per month
$20,000 mortgage at 1.75%$126.41 per month
$20,000 mortgage at 2%$128.70 per month
$20,000 mortgage at 2.25%$131.02 per month
$20,000 mortgage at 2.5%$133.36 per month
$20,000 mortgage at 2.75%$135.72 per month
$20,000 mortgage at 3%$138.12 per month
$20,000 mortgage at 3.25%$140.53 per month
$20,000 mortgage at 3.5%$142.98 per month
$20,000 mortgage at 3.75%$145.44 per month
$20,000 mortgage at 4%$147.94 per month
$20,000 mortgage at 4.25%$150.46 per month
$20,000 mortgage at 4.5%$153.00 per month
15 Year mortgage Payment
$20,000 mortgage at 4.75%$155.57 per month
$20,000 mortgage at 5%$158.16 per month
$20,000 mortgage at 5.25%$160.78 per month
$20,000 mortgage at 5.5%$163.42 per month
$20,000 mortgage at 5.75%$166.08 per month
$20,000 mortgage at 6%$168.77 per month
$20,000 mortgage at 6.25%$171.48 per month
$20,000 mortgage at 6.5%$174.22 per month
$20,000 mortgage at 6.75%$176.98 per month
$20,000 mortgage at 7%$179.77 per month
$20,000 mortgage at 7.25%$182.57 per month
$20,000 mortgage at 7.5%$185.40 per month
$20,000 mortgage at 7.75%$188.26 per month
$20,000 mortgage at 8%$191.13 per month