240k Mortgage For 20 Years

What's the monthly mortgage payment for a $240,000 mortgage for 20 years?
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240k 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 240000 loan at 5.25% is 1,617.23/month. At 6.25% that mortgage payment jumps to 1,754.23/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 $32,880 more than the 5.25% mortgage after 240 payments.

How much is the monthly payment for a 240,000 over 20 years? Browse the table below to view monthly payments based on interest rate.

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

Monthly Payment by Interest Rate (20 Year Loan)
20 Year mortgage Payment
$240,000 mortgage at 1.25%$1,130.72 per month
$240,000 mortgage at 1.5%$1,158.11 per month
$240,000 mortgage at 1.75%$1,185.91 per month
$240,000 mortgage at 2%$1,214.12 per month
$240,000 mortgage at 2.25%$1,242.74 per month
$240,000 mortgage at 2.5%$1,271.77 per month
$240,000 mortgage at 2.75%$1,301.20 per month
$240,000 mortgage at 3%$1,331.03 per month
$240,000 mortgage at 3.25%$1,361.27 per month
$240,000 mortgage at 3.5%$1,391.90 per month
$240,000 mortgage at 3.75%$1,422.93 per month
$240,000 mortgage at 4%$1,454.35 per month
$240,000 mortgage at 4.25%$1,486.16 per month
$240,000 mortgage at 4.5%$1,518.36 per month
20 Year mortgage Payment
$240,000 mortgage at 4.75%$1,550.94 per month
$240,000 mortgage at 5%$1,583.89 per month
$240,000 mortgage at 5.25%$1,617.23 per month
$240,000 mortgage at 5.5%$1,650.93 per month
$240,000 mortgage at 5.75%$1,685.00 per month
$240,000 mortgage at 6%$1,719.43 per month
$240,000 mortgage at 6.25%$1,754.23 per month
$240,000 mortgage at 6.5%$1,789.38 per month
$240,000 mortgage at 6.75%$1,824.87 per month
$240,000 mortgage at 7%$1,860.72 per month
$240,000 mortgage at 7.25%$1,896.90 per month
$240,000 mortgage at 7.5%$1,933.42 per month
$240,000 mortgage at 7.75%$1,970.28 per month
$240,000 mortgage at 8%$2,007.46 per month