16k Mortgage For 15 Years

What's the monthly mortgage payment for a $16,000 mortgage for 15 years?
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16k 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 16000 loan at 5.25% is 128.62/month. At 6.25% that mortgage payment jumps to 137.19/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 $1,542 more than the 5.25% mortgage after 180 payments.

How much is the monthly payment for a 16,000 over 15 years? Browse the table below to view monthly payments based on interest rate.

Monthly Mortgage Payment for a $16,000 Loan over 180 Months

Monthly Payment by Interest Rate (15 Year Loan)
15 Year mortgage Payment
$16,000 mortgage at 1.25%$97.53 per month
$16,000 mortgage at 1.5%$99.32 per month
$16,000 mortgage at 1.75%$101.13 per month
$16,000 mortgage at 2%$102.96 per month
$16,000 mortgage at 2.25%$104.81 per month
$16,000 mortgage at 2.5%$106.69 per month
$16,000 mortgage at 2.75%$108.58 per month
$16,000 mortgage at 3%$110.49 per month
$16,000 mortgage at 3.25%$112.43 per month
$16,000 mortgage at 3.5%$114.38 per month
$16,000 mortgage at 3.75%$116.36 per month
$16,000 mortgage at 4%$118.35 per month
$16,000 mortgage at 4.25%$120.36 per month
$16,000 mortgage at 4.5%$122.40 per month
15 Year mortgage Payment
$16,000 mortgage at 4.75%$124.45 per month
$16,000 mortgage at 5%$126.53 per month
$16,000 mortgage at 5.25%$128.62 per month
$16,000 mortgage at 5.5%$130.73 per month
$16,000 mortgage at 5.75%$132.87 per month
$16,000 mortgage at 6%$135.02 per month
$16,000 mortgage at 6.25%$137.19 per month
$16,000 mortgage at 6.5%$139.38 per month
$16,000 mortgage at 6.75%$141.59 per month
$16,000 mortgage at 7%$143.81 per month
$16,000 mortgage at 7.25%$146.06 per month
$16,000 mortgage at 7.5%$148.32 per month
$16,000 mortgage at 7.75%$150.60 per month
$16,000 mortgage at 8%$152.90 per month