342k Mortgage For 20 Years

What's the monthly mortgage payment for a $342,000 mortgage for 20 years?
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342k 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 342000 loan at 5.25% is 2,304.55/month. At 6.25% that mortgage payment jumps to 2,499.77/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 $46,855 more than the 5.25% mortgage after 240 payments.

How much is the monthly payment for a 342,000 over 20 years? Browse the table below to view monthly payments based on interest rate.

Monthly Mortgage Payment for a $342,000 Loan over 240 Months

Monthly Payment by Interest Rate (20 Year Loan)
20 Year mortgage Payment
$342,000 mortgage at 1.25%$1,611.28 per month
$342,000 mortgage at 1.5%$1,650.31 per month
$342,000 mortgage at 1.75%$1,689.92 per month
$342,000 mortgage at 2%$1,730.12 per month
$342,000 mortgage at 2.25%$1,770.90 per month
$342,000 mortgage at 2.5%$1,812.27 per month
$342,000 mortgage at 2.75%$1,854.21 per month
$342,000 mortgage at 3%$1,896.72 per month
$342,000 mortgage at 3.25%$1,939.81 per month
$342,000 mortgage at 3.5%$1,983.46 per month
$342,000 mortgage at 3.75%$2,027.68 per month
$342,000 mortgage at 4%$2,072.45 per month
$342,000 mortgage at 4.25%$2,117.78 per month
$342,000 mortgage at 4.5%$2,163.66 per month
20 Year mortgage Payment
$342,000 mortgage at 4.75%$2,210.08 per month
$342,000 mortgage at 5%$2,257.05 per month
$342,000 mortgage at 5.25%$2,304.55 per month
$342,000 mortgage at 5.5%$2,352.57 per month
$342,000 mortgage at 5.75%$2,401.13 per month
$342,000 mortgage at 6%$2,450.19 per month
$342,000 mortgage at 6.25%$2,499.77 per month
$342,000 mortgage at 6.5%$2,549.86 per month
$342,000 mortgage at 6.75%$2,600.44 per month
$342,000 mortgage at 7%$2,651.52 per month
$342,000 mortgage at 7.25%$2,703.09 per month
$342,000 mortgage at 7.5%$2,755.13 per month
$342,000 mortgage at 7.75%$2,807.64 per month
$342,000 mortgage at 8%$2,860.63 per month