480k Mortgage For 20 Years

What's the monthly mortgage payment for a $480,000 mortgage for 20 years?
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480k 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 480000 loan at 5.25% is 3,234.45/month. At 6.25% that mortgage payment jumps to 3,508.46/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 $65,761 more than the 5.25% mortgage after 240 payments.

How much is the monthly payment for a 480,000 over 20 years? Browse the table below to view monthly payments based on interest rate.

Monthly Mortgage Payment for a $480,000 Loan over 240 Months

Monthly Payment by Interest Rate (20 Year Loan)
20 Year mortgage Payment
$480,000 mortgage at 1.25%$2,261.44 per month
$480,000 mortgage at 1.5%$2,316.22 per month
$480,000 mortgage at 1.75%$2,371.82 per month
$480,000 mortgage at 2%$2,428.24 per month
$480,000 mortgage at 2.25%$2,485.48 per month
$480,000 mortgage at 2.5%$2,543.53 per month
$480,000 mortgage at 2.75%$2,602.40 per month
$480,000 mortgage at 3%$2,662.07 per month
$480,000 mortgage at 3.25%$2,722.54 per month
$480,000 mortgage at 3.5%$2,783.81 per month
$480,000 mortgage at 3.75%$2,845.86 per month
$480,000 mortgage at 4%$2,908.71 per month
$480,000 mortgage at 4.25%$2,972.33 per month
$480,000 mortgage at 4.5%$3,036.72 per month
20 Year mortgage Payment
$480,000 mortgage at 4.75%$3,101.87 per month
$480,000 mortgage at 5%$3,167.79 per month
$480,000 mortgage at 5.25%$3,234.45 per month
$480,000 mortgage at 5.5%$3,301.86 per month
$480,000 mortgage at 5.75%$3,370.00 per month
$480,000 mortgage at 6%$3,438.87 per month
$480,000 mortgage at 6.25%$3,508.46 per month
$480,000 mortgage at 6.5%$3,578.75 per month
$480,000 mortgage at 6.75%$3,649.75 per month
$480,000 mortgage at 7%$3,721.43 per month
$480,000 mortgage at 7.25%$3,793.80 per month
$480,000 mortgage at 7.5%$3,866.85 per month
$480,000 mortgage at 7.75%$3,940.55 per month
$480,000 mortgage at 8%$4,014.91 per month