488k Mortgage For 15 Years

What's the monthly mortgage payment for a $488,000 mortgage for 15 years?
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488k 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 488000 loan at 5.25% is 3,922.92/month. At 6.25% that mortgage payment jumps to 4,184.22/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 $47,034 more than the 5.25% mortgage after 180 payments.

How much is the monthly payment for a 488,000 over 15 years? Browse the table below to view monthly payments based on interest rate.

Monthly Mortgage Payment for a $488,000 Loan over 180 Months

Monthly Payment by Interest Rate (15 Year Loan)
15 Year mortgage Payment
$488,000 mortgage at 1.25%$2,974.62 per month
$488,000 mortgage at 1.5%$3,029.23 per month
$488,000 mortgage at 1.75%$3,084.46 per month
$488,000 mortgage at 2%$3,140.32 per month
$488,000 mortgage at 2.25%$3,196.81 per month
$488,000 mortgage at 2.5%$3,253.93 per month
$488,000 mortgage at 2.75%$3,311.67 per month
$488,000 mortgage at 3%$3,370.04 per month
$488,000 mortgage at 3.25%$3,429.02 per month
$488,000 mortgage at 3.5%$3,488.63 per month
$488,000 mortgage at 3.75%$3,548.85 per month
$488,000 mortgage at 4%$3,609.68 per month
$488,000 mortgage at 4.25%$3,671.12 per month
$488,000 mortgage at 4.5%$3,733.17 per month
15 Year mortgage Payment
$488,000 mortgage at 4.75%$3,795.82 per month
$488,000 mortgage at 5%$3,859.07 per month
$488,000 mortgage at 5.25%$3,922.92 per month
$488,000 mortgage at 5.5%$3,987.37 per month
$488,000 mortgage at 5.75%$4,052.40 per month
$488,000 mortgage at 6%$4,118.02 per month
$488,000 mortgage at 6.25%$4,184.22 per month
$488,000 mortgage at 6.5%$4,251.00 per month
$488,000 mortgage at 6.75%$4,318.36 per month
$488,000 mortgage at 7%$4,386.28 per month
$488,000 mortgage at 7.25%$4,454.77 per month
$488,000 mortgage at 7.5%$4,523.82 per month
$488,000 mortgage at 7.75%$4,593.43 per month
$488,000 mortgage at 8%$4,663.58 per month