97k 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 97000 loan at 5.25% is 653.63/month. At 6.25% that mortgage payment jumps to 709.00/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 $13,289 more than the 5.25% mortgage after 240 payments.
How much is the monthly payment for a 97,000 over 20 years? Browse the table below to view monthly payments based on interest rate.