55k Mortgage For 20 Years

What's the monthly mortgage payment for a $55,000 mortgage for 20 years?
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55k 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 55000 loan at 5.25% is 370.61/month. At 6.25% that mortgage payment jumps to 402.01/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 $7,535 more than the 5.25% mortgage after 240 payments.

How much is the monthly payment for a 55,000 over 20 years? Browse the table below to view monthly payments based on interest rate.

Monthly Mortgage Payment for a $55,000 Loan over 240 Months

Monthly Payment by Interest Rate (20 Year Loan)
20 Year mortgage Payment
$55,000 mortgage at 1.25%$259.12 per month
$55,000 mortgage at 1.5%$265.40 per month
$55,000 mortgage at 1.75%$271.77 per month
$55,000 mortgage at 2%$278.24 per month
$55,000 mortgage at 2.25%$284.79 per month
$55,000 mortgage at 2.5%$291.45 per month
$55,000 mortgage at 2.75%$298.19 per month
$55,000 mortgage at 3%$305.03 per month
$55,000 mortgage at 3.25%$311.96 per month
$55,000 mortgage at 3.5%$318.98 per month
$55,000 mortgage at 3.75%$326.09 per month
$55,000 mortgage at 4%$333.29 per month
$55,000 mortgage at 4.25%$340.58 per month
$55,000 mortgage at 4.5%$347.96 per month
20 Year mortgage Payment
$55,000 mortgage at 4.75%$355.42 per month
$55,000 mortgage at 5%$362.98 per month
$55,000 mortgage at 5.25%$370.61 per month
$55,000 mortgage at 5.5%$378.34 per month
$55,000 mortgage at 5.75%$386.15 per month
$55,000 mortgage at 6%$394.04 per month
$55,000 mortgage at 6.25%$402.01 per month
$55,000 mortgage at 6.5%$410.07 per month
$55,000 mortgage at 6.75%$418.20 per month
$55,000 mortgage at 7%$426.41 per month
$55,000 mortgage at 7.25%$434.71 per month
$55,000 mortgage at 7.5%$443.08 per month
$55,000 mortgage at 7.75%$451.52 per month
$55,000 mortgage at 8%$460.04 per month