16k Mortgage For 20 Years

What's the monthly mortgage payment for a $16,000 mortgage for 20 years?
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16k 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 16000 loan at 5.25% is 107.82/month. At 6.25% that mortgage payment jumps to 116.95/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 $2,192 more than the 5.25% mortgage after 240 payments.

How much is the monthly payment for a 16,000 over 20 years? Browse the table below to view monthly payments based on interest rate.

Monthly Mortgage Payment for a $16,000 Loan over 240 Months

Monthly Payment by Interest Rate (20 Year Loan)
20 Year mortgage Payment
$16,000 mortgage at 1.25%$75.38 per month
$16,000 mortgage at 1.5%$77.21 per month
$16,000 mortgage at 1.75%$79.06 per month
$16,000 mortgage at 2%$80.94 per month
$16,000 mortgage at 2.25%$82.85 per month
$16,000 mortgage at 2.5%$84.78 per month
$16,000 mortgage at 2.75%$86.75 per month
$16,000 mortgage at 3%$88.74 per month
$16,000 mortgage at 3.25%$90.75 per month
$16,000 mortgage at 3.5%$92.79 per month
$16,000 mortgage at 3.75%$94.86 per month
$16,000 mortgage at 4%$96.96 per month
$16,000 mortgage at 4.25%$99.08 per month
$16,000 mortgage at 4.5%$101.22 per month
20 Year mortgage Payment
$16,000 mortgage at 4.75%$103.40 per month
$16,000 mortgage at 5%$105.59 per month
$16,000 mortgage at 5.25%$107.82 per month
$16,000 mortgage at 5.5%$110.06 per month
$16,000 mortgage at 5.75%$112.33 per month
$16,000 mortgage at 6%$114.63 per month
$16,000 mortgage at 6.25%$116.95 per month
$16,000 mortgage at 6.5%$119.29 per month
$16,000 mortgage at 6.75%$121.66 per month
$16,000 mortgage at 7%$124.05 per month
$16,000 mortgage at 7.25%$126.46 per month
$16,000 mortgage at 7.5%$128.89 per month
$16,000 mortgage at 7.75%$131.35 per month
$16,000 mortgage at 8%$133.83 per month