388k Mortgage For 20 Years

What's the monthly mortgage payment for a $388,000 mortgage for 20 years?
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388k 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 388000 loan at 5.25% is 2,614.52/month. At 6.25% that mortgage payment jumps to 2,836.00/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 $53,157 more than the 5.25% mortgage after 240 payments.

How much is the monthly payment for a 388,000 over 20 years? Browse the table below to view monthly payments based on interest rate.

Monthly Mortgage Payment for a $388,000 Loan over 240 Months

Monthly Payment by Interest Rate (20 Year Loan)
20 Year mortgage Payment
$388,000 mortgage at 1.25%$1,828.00 per month
$388,000 mortgage at 1.5%$1,872.28 per month
$388,000 mortgage at 1.75%$1,917.22 per month
$388,000 mortgage at 2%$1,962.83 per month
$388,000 mortgage at 2.25%$2,009.10 per month
$388,000 mortgage at 2.5%$2,056.02 per month
$388,000 mortgage at 2.75%$2,103.61 per month
$388,000 mortgage at 3%$2,151.84 per month
$388,000 mortgage at 3.25%$2,200.72 per month
$388,000 mortgage at 3.5%$2,250.24 per month
$388,000 mortgage at 3.75%$2,300.41 per month
$388,000 mortgage at 4%$2,351.20 per month
$388,000 mortgage at 4.25%$2,402.63 per month
$388,000 mortgage at 4.5%$2,454.68 per month
20 Year mortgage Payment
$388,000 mortgage at 4.75%$2,507.35 per month
$388,000 mortgage at 5%$2,560.63 per month
$388,000 mortgage at 5.25%$2,614.52 per month
$388,000 mortgage at 5.5%$2,669.00 per month
$388,000 mortgage at 5.75%$2,724.08 per month
$388,000 mortgage at 6%$2,779.75 per month
$388,000 mortgage at 6.25%$2,836.00 per month
$388,000 mortgage at 6.5%$2,892.82 per month
$388,000 mortgage at 6.75%$2,950.21 per month
$388,000 mortgage at 7%$3,008.16 per month
$388,000 mortgage at 7.25%$3,066.66 per month
$388,000 mortgage at 7.5%$3,125.70 per month
$388,000 mortgage at 7.75%$3,185.28 per month
$388,000 mortgage at 8%$3,245.39 per month