20k Mortgage For 20 Years

What's the monthly mortgage payment for a $20,000 mortgage for 20 years?
$
$
%

20k 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 20000 loan at 5.25% is 134.77/month. At 6.25% that mortgage payment jumps to 146.19/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 $2,740 more than the 5.25% mortgage after 240 payments.

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

Monthly Mortgage Payment for a $20,000 Loan over 240 Months

Monthly Payment by Interest Rate (20 Year Loan)
20 Year mortgage Payment
$20,000 mortgage at 1.25%$94.23 per month
$20,000 mortgage at 1.5%$96.51 per month
$20,000 mortgage at 1.75%$98.83 per month
$20,000 mortgage at 2%$101.18 per month
$20,000 mortgage at 2.25%$103.56 per month
$20,000 mortgage at 2.5%$105.98 per month
$20,000 mortgage at 2.75%$108.43 per month
$20,000 mortgage at 3%$110.92 per month
$20,000 mortgage at 3.25%$113.44 per month
$20,000 mortgage at 3.5%$115.99 per month
$20,000 mortgage at 3.75%$118.58 per month
$20,000 mortgage at 4%$121.20 per month
$20,000 mortgage at 4.25%$123.85 per month
$20,000 mortgage at 4.5%$126.53 per month
20 Year mortgage Payment
$20,000 mortgage at 4.75%$129.24 per month
$20,000 mortgage at 5%$131.99 per month
$20,000 mortgage at 5.25%$134.77 per month
$20,000 mortgage at 5.5%$137.58 per month
$20,000 mortgage at 5.75%$140.42 per month
$20,000 mortgage at 6%$143.29 per month
$20,000 mortgage at 6.25%$146.19 per month
$20,000 mortgage at 6.5%$149.11 per month
$20,000 mortgage at 6.75%$152.07 per month
$20,000 mortgage at 7%$155.06 per month
$20,000 mortgage at 7.25%$158.08 per month
$20,000 mortgage at 7.5%$161.12 per month
$20,000 mortgage at 7.75%$164.19 per month
$20,000 mortgage at 8%$167.29 per month