488.24k Mortgage For 15 Years

What's the monthly mortgage payment for a $488,240 mortgage for 15 years?
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488.24k 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 488240 loan at 5.25% is 3,924.85/month. At 6.25% that mortgage payment jumps to 4,186.28/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 $47,057 more than the 5.25% mortgage after 180 payments.

How much is the monthly payment for a 488,240 over 15 years? Browse the table below to view monthly payments based on interest rate.

Monthly Mortgage Payment for a $488,240 Loan over 180 Months

Monthly Payment by Interest Rate (15 Year Loan)
15 Year mortgage Payment
$488,240 mortgage at 1.25%$2,976.09 per month
$488,240 mortgage at 1.5%$3,030.72 per month
$488,240 mortgage at 1.75%$3,085.98 per month
$488,240 mortgage at 2%$3,141.87 per month
$488,240 mortgage at 2.25%$3,198.39 per month
$488,240 mortgage at 2.5%$3,255.53 per month
$488,240 mortgage at 2.75%$3,313.30 per month
$488,240 mortgage at 3%$3,371.70 per month
$488,240 mortgage at 3.25%$3,430.71 per month
$488,240 mortgage at 3.5%$3,490.34 per month
$488,240 mortgage at 3.75%$3,550.59 per month
$488,240 mortgage at 4%$3,611.45 per month
$488,240 mortgage at 4.25%$3,672.92 per month
$488,240 mortgage at 4.5%$3,735.00 per month
15 Year mortgage Payment
$488,240 mortgage at 4.75%$3,797.69 per month
$488,240 mortgage at 5%$3,860.97 per month
$488,240 mortgage at 5.25%$3,924.85 per month
$488,240 mortgage at 5.5%$3,989.33 per month
$488,240 mortgage at 5.75%$4,054.39 per month
$488,240 mortgage at 6%$4,120.05 per month
$488,240 mortgage at 6.25%$4,186.28 per month
$488,240 mortgage at 6.5%$4,253.09 per month
$488,240 mortgage at 6.75%$4,320.48 per month
$488,240 mortgage at 7%$4,388.44 per month
$488,240 mortgage at 7.25%$4,456.96 per month
$488,240 mortgage at 7.5%$4,526.05 per month
$488,240 mortgage at 7.75%$4,595.68 per month
$488,240 mortgage at 8%$4,665.88 per month