280k Mortgage For 20 Years

What's the monthly mortgage payment for a $280,000 mortgage for 20 years?
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280k 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 280000 loan at 5.25% is 1,886.76/month. At 6.25% that mortgage payment jumps to 2,046.60/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 $38,360 more than the 5.25% mortgage after 240 payments.

How much is the monthly payment for a 280,000 over 20 years? Browse the table below to view monthly payments based on interest rate.

Monthly Mortgage Payment for a $280,000 Loan over 240 Months

Monthly Payment by Interest Rate (20 Year Loan)
20 Year mortgage Payment
$280,000 mortgage at 1.25%$1,319.17 per month
$280,000 mortgage at 1.5%$1,351.13 per month
$280,000 mortgage at 1.75%$1,383.56 per month
$280,000 mortgage at 2%$1,416.47 per month
$280,000 mortgage at 2.25%$1,449.86 per month
$280,000 mortgage at 2.5%$1,483.73 per month
$280,000 mortgage at 2.75%$1,518.07 per month
$280,000 mortgage at 3%$1,552.87 per month
$280,000 mortgage at 3.25%$1,588.15 per month
$280,000 mortgage at 3.5%$1,623.89 per month
$280,000 mortgage at 3.75%$1,660.09 per month
$280,000 mortgage at 4%$1,696.74 per month
$280,000 mortgage at 4.25%$1,733.86 per month
$280,000 mortgage at 4.5%$1,771.42 per month
20 Year mortgage Payment
$280,000 mortgage at 4.75%$1,809.43 per month
$280,000 mortgage at 5%$1,847.88 per month
$280,000 mortgage at 5.25%$1,886.76 per month
$280,000 mortgage at 5.5%$1,926.08 per month
$280,000 mortgage at 5.75%$1,965.83 per month
$280,000 mortgage at 6%$2,006.01 per month
$280,000 mortgage at 6.25%$2,046.60 per month
$280,000 mortgage at 6.5%$2,087.60 per month
$280,000 mortgage at 6.75%$2,129.02 per month
$280,000 mortgage at 7%$2,170.84 per month
$280,000 mortgage at 7.25%$2,213.05 per month
$280,000 mortgage at 7.5%$2,255.66 per month
$280,000 mortgage at 7.75%$2,298.66 per month
$280,000 mortgage at 8%$2,342.03 per month