385k Mortgage For 20 Years

What's the monthly mortgage payment for a $385,000 mortgage for 20 years?
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385k 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 385000 loan at 5.25% is 2,594.30/month. At 6.25% that mortgage payment jumps to 2,814.07/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 $52,746 more than the 5.25% mortgage after 240 payments.

How much is the monthly payment for a 385,000 over 20 years? Browse the table below to view monthly payments based on interest rate.

Monthly Mortgage Payment for a $385,000 Loan over 240 Months

Monthly Payment by Interest Rate (20 Year Loan)
20 Year mortgage Payment
$385,000 mortgage at 1.25%$1,813.86 per month
$385,000 mortgage at 1.5%$1,857.80 per month
$385,000 mortgage at 1.75%$1,902.40 per month
$385,000 mortgage at 2%$1,947.65 per month
$385,000 mortgage at 2.25%$1,993.56 per month
$385,000 mortgage at 2.5%$2,040.13 per month
$385,000 mortgage at 2.75%$2,087.34 per month
$385,000 mortgage at 3%$2,135.20 per month
$385,000 mortgage at 3.25%$2,183.70 per month
$385,000 mortgage at 3.5%$2,232.84 per month
$385,000 mortgage at 3.75%$2,282.62 per month
$385,000 mortgage at 4%$2,333.02 per month
$385,000 mortgage at 4.25%$2,384.05 per month
$385,000 mortgage at 4.5%$2,435.70 per month
20 Year mortgage Payment
$385,000 mortgage at 4.75%$2,487.96 per month
$385,000 mortgage at 5%$2,540.83 per month
$385,000 mortgage at 5.25%$2,594.30 per month
$385,000 mortgage at 5.5%$2,648.37 per month
$385,000 mortgage at 5.75%$2,703.02 per month
$385,000 mortgage at 6%$2,758.26 per month
$385,000 mortgage at 6.25%$2,814.07 per month
$385,000 mortgage at 6.5%$2,870.46 per month
$385,000 mortgage at 6.75%$2,927.40 per month
$385,000 mortgage at 7%$2,984.90 per month
$385,000 mortgage at 7.25%$3,042.95 per month
$385,000 mortgage at 7.5%$3,101.53 per month
$385,000 mortgage at 7.75%$3,160.65 per month
$385,000 mortgage at 8%$3,220.29 per month