Mortgage Loan of $120,000 for 15 Years at 5.50%

What's the payment on a 15 year home loan for $120k at 5.50% interest?

Loan Amount

Length

Interest Rate

Results

Monthly payment: $980.50

$11,766 per year

What's the monthly payment? Use the loan payment schedule below to view payments each month based on a fixed rate $120k 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 120,000 loan for 15 years at 5.50 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	980.50	430.50	550.00	119,569.50
2	980.50	432.47	548.03	119,137.03
3	980.50	434.46	546.04	118,702.57
4	980.50	436.45	544.05	118,266.12
5	980.50	438.45	542.05	117,827.68
6	980.50	440.46	540.04	117,387.22
7	980.50	442.48	538.02	116,944.75
8	980.50	444.50	536.00	116,500.24
9	980.50	446.54	533.96	116,053.70
10	980.50	448.59	531.91	115,605.11
11	980.50	450.64	529.86	115,154.47
12	980.50	452.71	527.79	114,701.76
13	980.50	454.78	525.72	114,246.98
14	980.50	456.87	523.63	113,790.11
15	980.50	458.96	521.54	113,331.15
16	980.50	461.07	519.43	112,870.08
17	980.50	463.18	517.32	112,406.90
18	980.50	465.30	515.20	111,941.60
19	980.50	467.43	513.07	111,474.17
20	980.50	469.58	510.92	111,004.59
21	980.50	471.73	508.77	110,532.86
22	980.50	473.89	506.61	110,058.97
23	980.50	476.06	504.44	109,582.91
24	980.50	478.25	502.25	109,104.66
25	980.50	480.44	500.06	108,624.22
26	980.50	482.64	497.86	108,141.58
27	980.50	484.85	495.65	107,656.73
28	980.50	487.07	493.43	107,169.66
29	980.50	489.31	491.19	106,680.35
30	980.50	491.55	488.95	106,188.81
31	980.50	493.80	486.70	105,695.00
32	980.50	496.06	484.44	105,198.94
33	980.50	498.34	482.16	104,700.60
34	980.50	500.62	479.88	104,199.98
35	980.50	502.92	477.58	103,697.06
36	980.50	505.22	475.28	103,191.84
37	980.50	507.54	472.96	102,684.30
38	980.50	509.86	470.64	102,174.44
39	980.50	512.20	468.30	101,662.24
40	980.50	514.55	465.95	101,147.69
41	980.50	516.91	463.59	100,630.78
42	980.50	519.28	461.22	100,111.51
43	980.50	521.66	458.84	99,589.85
44	980.50	524.05	456.45	99,065.81
45	980.50	526.45	454.05	98,539.36
46	980.50	528.86	451.64	98,010.50
47	980.50	531.29	449.21	97,479.21
48	980.50	533.72	446.78	96,945.49
49	980.50	536.17	444.33	96,409.32
50	980.50	538.62	441.88	95,870.70
51	980.50	541.09	439.41	95,329.61
52	980.50	543.57	436.93	94,786.03
53	980.50	546.06	434.44	94,239.97
54	980.50	548.57	431.93	93,691.40
55	980.50	551.08	429.42	93,140.32
56	980.50	553.61	426.89	92,586.71
57	980.50	556.14	424.36	92,030.57
58	980.50	558.69	421.81	91,471.88
59	980.50	561.25	419.25	90,910.62
60	980.50	563.83	416.67	90,346.80
61	980.50	566.41	414.09	89,780.38
62	980.50	569.01	411.49	89,211.38
63	980.50	571.61	408.89	88,639.76
64	980.50	574.23	406.27	88,065.53
65	980.50	576.87	403.63	87,488.66
66	980.50	579.51	400.99	86,909.15
67	980.50	582.17	398.33	86,326.99
68	980.50	584.83	395.67	85,742.15
69	980.50	587.52	392.98	85,154.64
70	980.50	590.21	390.29	84,564.43
71	980.50	592.91	387.59	83,971.51
72	980.50	595.63	384.87	83,375.88
73	980.50	598.36	382.14	82,777.52
74	980.50	601.10	379.40	82,176.42
75	980.50	603.86	376.64	81,572.56
76	980.50	606.63	373.87	80,965.94
77	980.50	609.41	371.09	80,356.53
78	980.50	612.20	368.30	79,744.33
79	980.50	615.01	365.49	79,129.32
80	980.50	617.82	362.68	78,511.50
81	980.50	620.66	359.84	77,890.84
82	980.50	623.50	357.00	77,267.34
83	980.50	626.36	354.14	76,640.99
84	980.50	629.23	351.27	76,011.76
85	980.50	632.11	348.39	75,379.64
86	980.50	635.01	345.49	74,744.63
87	980.50	637.92	342.58	74,106.71
88	980.50	640.84	339.66	73,465.87
89	980.50	643.78	336.72	72,822.09
90	980.50	646.73	333.77	72,175.36
91	980.50	649.70	330.80	71,525.66
92	980.50	652.67	327.83	70,872.98
93	980.50	655.67	324.83	70,217.32
94	980.50	658.67	321.83	69,558.65
95	980.50	661.69	318.81	68,896.96
96	980.50	664.72	315.78	68,232.24
97	980.50	667.77	312.73	67,564.47
98	980.50	670.83	309.67	66,893.64
99	980.50	673.90	306.60	66,219.73
100	980.50	676.99	303.51	65,542.74
101	980.50	680.10	300.40	64,862.64
102	980.50	683.21	297.29	64,179.43
103	980.50	686.34	294.16	63,493.09
104	980.50	689.49	291.01	62,803.60
105	980.50	692.65	287.85	62,110.95
106	980.50	695.82	284.68	61,415.12
107	980.50	699.01	281.49	60,716.11
108	980.50	702.22	278.28	60,013.89
109	980.50	705.44	275.06	59,308.45
110	980.50	708.67	271.83	58,599.78
111	980.50	711.92	268.58	57,887.87
112	980.50	715.18	265.32	57,172.68
113	980.50	718.46	262.04	56,454.23
114	980.50	721.75	258.75	55,732.47
115	980.50	725.06	255.44	55,007.41
116	980.50	728.38	252.12	54,279.03
117	980.50	731.72	248.78	53,547.31
118	980.50	735.07	245.43	52,812.24
119	980.50	738.44	242.06	52,073.79
120	980.50	741.83	238.67	51,331.96
121	980.50	745.23	235.27	50,586.73
122	980.50	748.64	231.86	49,838.09
123	980.50	752.08	228.42	49,086.01
124	980.50	755.52	224.98	48,330.49
125	980.50	758.99	221.51	47,571.51
126	980.50	762.46	218.04	46,809.04
127	980.50	765.96	214.54	46,043.08
128	980.50	769.47	211.03	45,273.61
129	980.50	773.00	207.50	44,500.62
130	980.50	776.54	203.96	43,724.08
131	980.50	780.10	200.40	42,943.98
132	980.50	783.67	196.83	42,160.31
133	980.50	787.27	193.23	41,373.04
134	980.50	790.87	189.63	40,582.17
135	980.50	794.50	186.00	39,787.67
136	980.50	798.14	182.36	38,989.53
137	980.50	801.80	178.70	38,187.73
138	980.50	805.47	175.03	37,382.26
139	980.50	809.16	171.34	36,573.09
140	980.50	812.87	167.63	35,760.22
141	980.50	816.60	163.90	34,943.62
142	980.50	820.34	160.16	34,123.28
143	980.50	824.10	156.40	33,299.18
144	980.50	827.88	152.62	32,471.30
145	980.50	831.67	148.83	31,639.63
146	980.50	835.49	145.01	30,804.14
147	980.50	839.31	141.19	29,964.83
148	980.50	843.16	137.34	29,121.66
149	980.50	847.03	133.47	28,274.64
150	980.50	850.91	129.59	27,423.73
151	980.50	854.81	125.69	26,568.92
152	980.50	858.73	121.77	25,710.20
153	980.50	862.66	117.84	24,847.53
154	980.50	866.62	113.88	23,980.92
155	980.50	870.59	109.91	23,110.33
156	980.50	874.58	105.92	22,235.75
157	980.50	878.59	101.91	21,357.17
158	980.50	882.61	97.89	20,474.55
159	980.50	886.66	93.84	19,587.90
160	980.50	890.72	89.78	18,697.17
161	980.50	894.80	85.70	17,802.37
162	980.50	898.91	81.59	16,903.46
163	980.50	903.03	77.47	16,000.44
164	980.50	907.16	73.34	15,093.27
165	980.50	911.32	69.18	14,181.95
166	980.50	915.50	65.00	13,266.45
167	980.50	919.70	60.80	12,346.75
168	980.50	923.91	56.59	11,422.84
169	980.50	928.15	52.35	10,494.70
170	980.50	932.40	48.10	9,562.30
171	980.50	936.67	43.83	8,625.63
172	980.50	940.97	39.53	7,684.66
173	980.50	945.28	35.22	6,739.38
174	980.50	949.61	30.89	5,789.77
175	980.50	953.96	26.54	4,835.81
176	980.50	958.34	22.16	3,877.47
177	980.50	962.73	17.77	2,914.74
178	980.50	967.14	13.36	1,947.60
179	980.50	971.57	8.93	976.03
180	980.50	976.03	4.47	0.00