Mortgage Loan of $12,000 for 15 Years at 8.85%

What's the payment on a 15 year home loan for $12k at 8.85% interest?

Loan Amount

Length

Interest Rate

Results

Monthly payment: $120.64

$1,448 per year

What's the monthly payment? Use the loan payment schedule below to view payments each month based on a fixed rate $12k loan. It can be used for a house, car, boat, credit card debt consolidation, student loan debt, motorcycle, RV, race horse, exotic pet, business, real estate, etc... Try paying off your loan early or refinancing to save money.

Also remember to consider other home costs like insurance, taxes, PMI, and general maintenance costs.

Loan Table for 12,000 loan for 15 years at 8.85 percent interest

Amortization Table. How much goes to interest? How much to principal? What's the loan balance?

Month	Monthly Payment	Principal Paid	Interest Paid	Mortgage Balance
1	120.64	32.14	88.50	11,967.86
2	120.64	32.38	88.26	11,935.48
3	120.64	32.62	88.02	11,902.86
4	120.64	32.86	87.78	11,870.00
5	120.64	33.10	87.54	11,836.89
6	120.64	33.35	87.30	11,803.55
7	120.64	33.59	87.05	11,769.96
8	120.64	33.84	86.80	11,736.12
9	120.64	34.09	86.55	11,702.03
10	120.64	34.34	86.30	11,667.68
11	120.64	34.59	86.05	11,633.09
12	120.64	34.85	85.79	11,598.24
13	120.64	35.11	85.54	11,563.13
14	120.64	35.37	85.28	11,527.77
15	120.64	35.63	85.02	11,492.14
16	120.64	35.89	84.75	11,456.25
17	120.64	36.15	84.49	11,420.10
18	120.64	36.42	84.22	11,383.68
19	120.64	36.69	83.95	11,346.99
20	120.64	36.96	83.68	11,310.03
21	120.64	37.23	83.41	11,272.80
22	120.64	37.51	83.14	11,235.29
23	120.64	37.78	82.86	11,197.51
24	120.64	38.06	82.58	11,159.45
25	120.64	38.34	82.30	11,121.10
26	120.64	38.63	82.02	11,082.48
27	120.64	38.91	81.73	11,043.57
28	120.64	39.20	81.45	11,004.37
29	120.64	39.49	81.16	10,964.89
30	120.64	39.78	80.87	10,925.11
31	120.64	40.07	80.57	10,885.04
32	120.64	40.37	80.28	10,844.67
33	120.64	40.66	79.98	10,804.01
34	120.64	40.96	79.68	10,763.04
35	120.64	41.27	79.38	10,721.78
36	120.64	41.57	79.07	10,680.21
37	120.64	41.88	78.77	10,638.33
38	120.64	42.19	78.46	10,596.14
39	120.64	42.50	78.15	10,553.65
40	120.64	42.81	77.83	10,510.84
41	120.64	43.13	77.52	10,467.71
42	120.64	43.44	77.20	10,424.27
43	120.64	43.76	76.88	10,380.50
44	120.64	44.09	76.56	10,336.41
45	120.64	44.41	76.23	10,292.00
46	120.64	44.74	75.90	10,247.26
47	120.64	45.07	75.57	10,202.19
48	120.64	45.40	75.24	10,156.79
49	120.64	45.74	74.91	10,111.05
50	120.64	46.07	74.57	10,064.98
51	120.64	46.41	74.23	10,018.56
52	120.64	46.76	73.89	9,971.81
53	120.64	47.10	73.54	9,924.70
54	120.64	47.45	73.19	9,877.26
55	120.64	47.80	72.84	9,829.46
56	120.64	48.15	72.49	9,781.31
57	120.64	48.51	72.14	9,732.80
58	120.64	48.86	71.78	9,683.93
59	120.64	49.22	71.42	9,634.71
60	120.64	49.59	71.06	9,585.12
61	120.64	49.95	70.69	9,535.17
62	120.64	50.32	70.32	9,484.85
63	120.64	50.69	69.95	9,434.16
64	120.64	51.07	69.58	9,383.09
65	120.64	51.44	69.20	9,331.65
66	120.64	51.82	68.82	9,279.82
67	120.64	52.20	68.44	9,227.62
68	120.64	52.59	68.05	9,175.03
69	120.64	52.98	67.67	9,122.05
70	120.64	53.37	67.28	9,068.68
71	120.64	53.76	66.88	9,014.92
72	120.64	54.16	66.49	8,960.76
73	120.64	54.56	66.09	8,906.20
74	120.64	54.96	65.68	8,851.24
75	120.64	55.37	65.28	8,795.88
76	120.64	55.77	64.87	8,740.10
77	120.64	56.19	64.46	8,683.92
78	120.64	56.60	64.04	8,627.32
79	120.64	57.02	63.63	8,570.30
80	120.64	57.44	63.21	8,512.86
81	120.64	57.86	62.78	8,455.00
82	120.64	58.29	62.36	8,396.71
83	120.64	58.72	61.93	8,338.00
84	120.64	59.15	61.49	8,278.85
85	120.64	59.59	61.06	8,219.26
86	120.64	60.03	60.62	8,159.23
87	120.64	60.47	60.17	8,098.76
88	120.64	60.92	59.73	8,037.85
89	120.64	61.36	59.28	7,976.48
90	120.64	61.82	58.83	7,914.67
91	120.64	62.27	58.37	7,852.39
92	120.64	62.73	57.91	7,789.66
93	120.64	63.19	57.45	7,726.47
94	120.64	63.66	56.98	7,662.81
95	120.64	64.13	56.51	7,598.68
96	120.64	64.60	56.04	7,534.07
97	120.64	65.08	55.56	7,468.99
98	120.64	65.56	55.08	7,403.43
99	120.64	66.04	54.60	7,337.39
100	120.64	66.53	54.11	7,270.86
101	120.64	67.02	53.62	7,203.84
102	120.64	67.52	53.13	7,136.32
103	120.64	68.01	52.63	7,068.31
104	120.64	68.51	52.13	6,999.80
105	120.64	69.02	51.62	6,930.78
106	120.64	69.53	51.11	6,861.25
107	120.64	70.04	50.60	6,791.20
108	120.64	70.56	50.09	6,720.65
109	120.64	71.08	49.56	6,649.57
110	120.64	71.60	49.04	6,577.96
111	120.64	72.13	48.51	6,505.83
112	120.64	72.66	47.98	6,433.17
113	120.64	73.20	47.44	6,359.97
114	120.64	73.74	46.90	6,286.23
115	120.64	74.28	46.36	6,211.95
116	120.64	74.83	45.81	6,137.12
117	120.64	75.38	45.26	6,061.74
118	120.64	75.94	44.71	5,985.80
119	120.64	76.50	44.15	5,909.30
120	120.64	77.06	43.58	5,832.24
121	120.64	77.63	43.01	5,754.61
122	120.64	78.20	42.44	5,676.40
123	120.64	78.78	41.86	5,597.62
124	120.64	79.36	41.28	5,518.26
125	120.64	79.95	40.70	5,438.32
126	120.64	80.54	40.11	5,357.78
127	120.64	81.13	39.51	5,276.65
128	120.64	81.73	38.92	5,194.92
129	120.64	82.33	38.31	5,112.59
130	120.64	82.94	37.71	5,029.65
131	120.64	83.55	37.09	4,946.10
132	120.64	84.17	36.48	4,861.94
133	120.64	84.79	35.86	4,777.15
134	120.64	85.41	35.23	4,691.74
135	120.64	86.04	34.60	4,605.70
136	120.64	86.68	33.97	4,519.02
137	120.64	87.32	33.33	4,431.71
138	120.64	87.96	32.68	4,343.75
139	120.64	88.61	32.04	4,255.14
140	120.64	89.26	31.38	4,165.87
141	120.64	89.92	30.72	4,075.95
142	120.64	90.58	30.06	3,985.37
143	120.64	91.25	29.39	3,894.12
144	120.64	91.92	28.72	3,802.20
145	120.64	92.60	28.04	3,709.59
146	120.64	93.29	27.36	3,616.31
147	120.64	93.97	26.67	3,522.33
148	120.64	94.67	25.98	3,427.67
149	120.64	95.36	25.28	3,332.30
150	120.64	96.07	24.58	3,236.24
151	120.64	96.78	23.87	3,139.46
152	120.64	97.49	23.15	3,041.97
153	120.64	98.21	22.43	2,943.76
154	120.64	98.93	21.71	2,844.83
155	120.64	99.66	20.98	2,745.16
156	120.64	100.40	20.25	2,644.77
157	120.64	101.14	19.51	2,543.63
158	120.64	101.88	18.76	2,441.74
159	120.64	102.64	18.01	2,339.11
160	120.64	103.39	17.25	2,235.72
161	120.64	104.16	16.49	2,131.56
162	120.64	104.92	15.72	2,026.64
163	120.64	105.70	14.95	1,920.94
164	120.64	106.48	14.17	1,814.46
165	120.64	107.26	13.38	1,707.20
166	120.64	108.05	12.59	1,599.15
167	120.64	108.85	11.79	1,490.30
168	120.64	109.65	10.99	1,380.65
169	120.64	110.46	10.18	1,270.18
170	120.64	111.28	9.37	1,158.91
171	120.64	112.10	8.55	1,046.81
172	120.64	112.92	7.72	933.89
173	120.64	113.76	6.89	820.13
174	120.64	114.60	6.05	705.54
175	120.64	115.44	5.20	590.10
176	120.64	116.29	4.35	473.81
177	120.64	117.15	3.49	356.66
178	120.64	118.01	2.63	238.64
179	120.64	118.88	1.76	119.76
180	120.64	119.76	0.88	0.00