28k Mortgage For 20 Years

What's the monthly mortgage payment for a $28,000 mortgage for 20 years?
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28k 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 28000 loan at 5.25% is 188.68/month. At 6.25% that mortgage payment jumps to 204.66/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 $3,836 more than the 5.25% mortgage after 240 payments.

How much is the monthly payment for a 28,000 over 20 years? Browse the table below to view monthly payments based on interest rate.

Monthly Mortgage Payment for a $28,000 Loan over 240 Months

Monthly Payment by Interest Rate (20 Year Loan)
20 Year mortgage Payment
$28,000 mortgage at 1.25%$131.92 per month
$28,000 mortgage at 1.5%$135.11 per month
$28,000 mortgage at 1.75%$138.36 per month
$28,000 mortgage at 2%$141.65 per month
$28,000 mortgage at 2.25%$144.99 per month
$28,000 mortgage at 2.5%$148.37 per month
$28,000 mortgage at 2.75%$151.81 per month
$28,000 mortgage at 3%$155.29 per month
$28,000 mortgage at 3.25%$158.81 per month
$28,000 mortgage at 3.5%$162.39 per month
$28,000 mortgage at 3.75%$166.01 per month
$28,000 mortgage at 4%$169.67 per month
$28,000 mortgage at 4.25%$173.39 per month
$28,000 mortgage at 4.5%$177.14 per month
20 Year mortgage Payment
$28,000 mortgage at 4.75%$180.94 per month
$28,000 mortgage at 5%$184.79 per month
$28,000 mortgage at 5.25%$188.68 per month
$28,000 mortgage at 5.5%$192.61 per month
$28,000 mortgage at 5.75%$196.58 per month
$28,000 mortgage at 6%$200.60 per month
$28,000 mortgage at 6.25%$204.66 per month
$28,000 mortgage at 6.5%$208.76 per month
$28,000 mortgage at 6.75%$212.90 per month
$28,000 mortgage at 7%$217.08 per month
$28,000 mortgage at 7.25%$221.31 per month
$28,000 mortgage at 7.5%$225.57 per month
$28,000 mortgage at 7.75%$229.87 per month
$28,000 mortgage at 8%$234.20 per month