242k Mortgage For 15 Years

What's the monthly mortgage payment for a $242,000 mortgage for 15 years?
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242k 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 242000 loan at 5.25% is 1,945.38/month. At 6.25% that mortgage payment jumps to 2,074.96/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 $23,324 more than the 5.25% mortgage after 180 payments.

How much is the monthly payment for a 242,000 over 15 years? Browse the table below to view monthly payments based on interest rate.

Monthly Mortgage Payment for a $242,000 Loan over 180 Months

Monthly Payment by Interest Rate (15 Year Loan)
15 Year mortgage Payment
$242,000 mortgage at 1.25%$1,475.12 per month
$242,000 mortgage at 1.5%$1,502.20 per month
$242,000 mortgage at 1.75%$1,529.59 per month
$242,000 mortgage at 2%$1,557.29 per month
$242,000 mortgage at 2.25%$1,585.31 per month
$242,000 mortgage at 2.5%$1,613.63 per month
$242,000 mortgage at 2.75%$1,642.26 per month
$242,000 mortgage at 3%$1,671.21 per month
$242,000 mortgage at 3.25%$1,700.46 per month
$242,000 mortgage at 3.5%$1,730.02 per month
$242,000 mortgage at 3.75%$1,759.88 per month
$242,000 mortgage at 4%$1,790.04 per month
$242,000 mortgage at 4.25%$1,820.51 per month
$242,000 mortgage at 4.5%$1,851.28 per month
15 Year mortgage Payment
$242,000 mortgage at 4.75%$1,882.35 per month
$242,000 mortgage at 5%$1,913.72 per month
$242,000 mortgage at 5.25%$1,945.38 per month
$242,000 mortgage at 5.5%$1,977.34 per month
$242,000 mortgage at 5.75%$2,009.59 per month
$242,000 mortgage at 6%$2,042.13 per month
$242,000 mortgage at 6.25%$2,074.96 per month
$242,000 mortgage at 6.5%$2,108.08 per month
$242,000 mortgage at 6.75%$2,141.48 per month
$242,000 mortgage at 7%$2,175.16 per month
$242,000 mortgage at 7.25%$2,209.13 per month
$242,000 mortgage at 7.5%$2,243.37 per month
$242,000 mortgage at 7.75%$2,277.89 per month
$242,000 mortgage at 8%$2,312.68 per month