31k Mortgage For 20 Years

What's the monthly mortgage payment for a $31,000 mortgage for 20 years?
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31k 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 31000 loan at 5.25% is 208.89/month. At 6.25% that mortgage payment jumps to 226.59/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 $4,247 more than the 5.25% mortgage after 240 payments.

How much is the monthly payment for a 31,000 over 20 years? Browse the table below to view monthly payments based on interest rate.

Monthly Mortgage Payment for a $31,000 Loan over 240 Months

Monthly Payment by Interest Rate (20 Year Loan)
20 Year mortgage Payment
$31,000 mortgage at 1.25%$146.05 per month
$31,000 mortgage at 1.5%$149.59 per month
$31,000 mortgage at 1.75%$153.18 per month
$31,000 mortgage at 2%$156.82 per month
$31,000 mortgage at 2.25%$160.52 per month
$31,000 mortgage at 2.5%$164.27 per month
$31,000 mortgage at 2.75%$168.07 per month
$31,000 mortgage at 3%$171.93 per month
$31,000 mortgage at 3.25%$175.83 per month
$31,000 mortgage at 3.5%$179.79 per month
$31,000 mortgage at 3.75%$183.80 per month
$31,000 mortgage at 4%$187.85 per month
$31,000 mortgage at 4.25%$191.96 per month
$31,000 mortgage at 4.5%$196.12 per month
20 Year mortgage Payment
$31,000 mortgage at 4.75%$200.33 per month
$31,000 mortgage at 5%$204.59 per month
$31,000 mortgage at 5.25%$208.89 per month
$31,000 mortgage at 5.5%$213.25 per month
$31,000 mortgage at 5.75%$217.65 per month
$31,000 mortgage at 6%$222.09 per month
$31,000 mortgage at 6.25%$226.59 per month
$31,000 mortgage at 6.5%$231.13 per month
$31,000 mortgage at 6.75%$235.71 per month
$31,000 mortgage at 7%$240.34 per month
$31,000 mortgage at 7.25%$245.02 per month
$31,000 mortgage at 7.5%$249.73 per month
$31,000 mortgage at 7.75%$254.49 per month
$31,000 mortgage at 8%$259.30 per month