120k Mortgage For 15 Years

What's the monthly mortgage payment for a $120,000 mortgage for 15 years?
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120k 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 120000 loan at 5.25% is 964.65/month. At 6.25% that mortgage payment jumps to 1,028.91/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 $11,566 more than the 5.25% mortgage after 180 payments.

How much is the monthly payment for a 120,000 over 15 years? Browse the table below to view monthly payments based on interest rate.

Monthly Mortgage Payment for a $120,000 Loan over 180 Months

Monthly Payment by Interest Rate (15 Year Loan)
15 Year mortgage Payment
$120,000 mortgage at 1.25%$731.46 per month
$120,000 mortgage at 1.5%$744.89 per month
$120,000 mortgage at 1.75%$758.47 per month
$120,000 mortgage at 2%$772.21 per month
$120,000 mortgage at 2.25%$786.10 per month
$120,000 mortgage at 2.5%$800.15 per month
$120,000 mortgage at 2.75%$814.35 per month
$120,000 mortgage at 3%$828.70 per month
$120,000 mortgage at 3.25%$843.20 per month
$120,000 mortgage at 3.5%$857.86 per month
$120,000 mortgage at 3.75%$872.67 per month
$120,000 mortgage at 4%$887.63 per month
$120,000 mortgage at 4.25%$902.73 per month
$120,000 mortgage at 4.5%$917.99 per month
15 Year mortgage Payment
$120,000 mortgage at 4.75%$933.40 per month
$120,000 mortgage at 5%$948.95 per month
$120,000 mortgage at 5.25%$964.65 per month
$120,000 mortgage at 5.5%$980.50 per month
$120,000 mortgage at 5.75%$996.49 per month
$120,000 mortgage at 6%$1,012.63 per month
$120,000 mortgage at 6.25%$1,028.91 per month
$120,000 mortgage at 6.5%$1,045.33 per month
$120,000 mortgage at 6.75%$1,061.89 per month
$120,000 mortgage at 7%$1,078.59 per month
$120,000 mortgage at 7.25%$1,095.44 per month
$120,000 mortgage at 7.5%$1,112.41 per month
$120,000 mortgage at 7.75%$1,129.53 per month
$120,000 mortgage at 8%$1,146.78 per month