388.25k Mortgage For 15 Years

What's the monthly mortgage payment for a $388,250 mortgage for 15 years?
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388.25k 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 388250 loan at 5.25% is 3,121.06/month. At 6.25% that mortgage payment jumps to 3,328.94/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 $37,420 more than the 5.25% mortgage after 180 payments.

How much is the monthly payment for a 388,250 over 15 years? Browse the table below to view monthly payments based on interest rate.

Monthly Mortgage Payment for a $388,250 Loan over 180 Months

Monthly Payment by Interest Rate (15 Year Loan)
15 Year mortgage Payment
$388,250 mortgage at 1.25%$2,366.59 per month
$388,250 mortgage at 1.5%$2,410.03 per month
$388,250 mortgage at 1.75%$2,453.98 per month
$388,250 mortgage at 2%$2,498.42 per month
$388,250 mortgage at 2.25%$2,543.37 per month
$388,250 mortgage at 2.5%$2,588.81 per month
$388,250 mortgage at 2.75%$2,634.75 per month
$388,250 mortgage at 3%$2,681.18 per month
$388,250 mortgage at 3.25%$2,728.11 per month
$388,250 mortgage at 3.5%$2,775.53 per month
$388,250 mortgage at 3.75%$2,823.44 per month
$388,250 mortgage at 4%$2,871.84 per month
$388,250 mortgage at 4.25%$2,920.72 per month
$388,250 mortgage at 4.5%$2,970.09 per month
15 Year mortgage Payment
$388,250 mortgage at 4.75%$3,019.93 per month
$388,250 mortgage at 5%$3,070.26 per month
$388,250 mortgage at 5.25%$3,121.06 per month
$388,250 mortgage at 5.5%$3,172.33 per month
$388,250 mortgage at 5.75%$3,224.07 per month
$388,250 mortgage at 6%$3,276.27 per month
$388,250 mortgage at 6.25%$3,328.94 per month
$388,250 mortgage at 6.5%$3,382.07 per month
$388,250 mortgage at 6.75%$3,435.66 per month
$388,250 mortgage at 7%$3,489.70 per month
$388,250 mortgage at 7.25%$3,544.19 per month
$388,250 mortgage at 7.5%$3,599.13 per month
$388,250 mortgage at 7.75%$3,654.50 per month
$388,250 mortgage at 8%$3,710.32 per month