Mortgage Loan of $120,000 for 15 Years at 6.20%

What's the payment on a 15 year home loan for $120k at 6.20% interest?
Loan Amount
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Interest Rate
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Results
Monthly payment: $1,025.64
$12,308 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 6.20 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 1,025.64 405.64 620.00 119,594.36
2 1,025.64 407.74 617.90 119,186.62
3 1,025.64 409.84 615.80 118,776.78
4 1,025.64 411.96 613.68 118,364.82
5 1,025.64 414.09 611.55 117,950.73
6 1,025.64 416.23 609.41 117,534.50
7 1,025.64 418.38 607.26 117,116.13
8 1,025.64 420.54 605.10 116,695.59
9 1,025.64 422.71 602.93 116,272.87
10 1,025.64 424.90 600.74 115,847.98
11 1,025.64 427.09 598.55 115,420.88
12 1,025.64 429.30 596.34 114,991.58
13 1,025.64 431.52 594.12 114,560.07
14 1,025.64 433.75 591.89 114,126.32
15 1,025.64 435.99 589.65 113,690.33
16 1,025.64 438.24 587.40 113,252.09
17 1,025.64 440.50 585.14 112,811.59
18 1,025.64 442.78 582.86 112,368.81
19 1,025.64 445.07 580.57 111,923.74
20 1,025.64 447.37 578.27 111,476.37
21 1,025.64 449.68 575.96 111,026.69
22 1,025.64 452.00 573.64 110,574.69
23 1,025.64 454.34 571.30 110,120.35
24 1,025.64 456.69 568.96 109,663.67
25 1,025.64 459.04 566.60 109,204.62
26 1,025.64 461.42 564.22 108,743.21
27 1,025.64 463.80 561.84 108,279.41
28 1,025.64 466.20 559.44 107,813.21
29 1,025.64 468.61 557.03 107,344.61
30 1,025.64 471.03 554.61 106,873.58
31 1,025.64 473.46 552.18 106,400.12
32 1,025.64 475.91 549.73 105,924.21
33 1,025.64 478.37 547.28 105,445.85
34 1,025.64 480.84 544.80 104,965.01
35 1,025.64 483.32 542.32 104,481.69
36 1,025.64 485.82 539.82 103,995.87
37 1,025.64 488.33 537.31 103,507.54
38 1,025.64 490.85 534.79 103,016.69
39 1,025.64 493.39 532.25 102,523.31
40 1,025.64 495.94 529.70 102,027.37
41 1,025.64 498.50 527.14 101,528.87
42 1,025.64 501.07 524.57 101,027.80
43 1,025.64 503.66 521.98 100,524.13
44 1,025.64 506.27 519.37 100,017.87
45 1,025.64 508.88 516.76 99,508.99
46 1,025.64 511.51 514.13 98,997.48
47 1,025.64 514.15 511.49 98,483.32
48 1,025.64 516.81 508.83 97,966.51
49 1,025.64 519.48 506.16 97,447.03
50 1,025.64 522.16 503.48 96,924.87
51 1,025.64 524.86 500.78 96,400.01
52 1,025.64 527.57 498.07 95,872.43
53 1,025.64 530.30 495.34 95,342.14
54 1,025.64 533.04 492.60 94,809.10
55 1,025.64 535.79 489.85 94,273.30
56 1,025.64 538.56 487.08 93,734.74
57 1,025.64 541.34 484.30 93,193.40
58 1,025.64 544.14 481.50 92,649.26
59 1,025.64 546.95 478.69 92,102.30
60 1,025.64 549.78 475.86 91,552.53
61 1,025.64 552.62 473.02 90,999.91
62 1,025.64 555.47 470.17 90,444.43
63 1,025.64 558.34 467.30 89,886.09
64 1,025.64 561.23 464.41 89,324.86
65 1,025.64 564.13 461.51 88,760.73
66 1,025.64 567.04 458.60 88,193.69
67 1,025.64 569.97 455.67 87,623.72
68 1,025.64 572.92 452.72 87,050.80
69 1,025.64 575.88 449.76 86,474.92
70 1,025.64 578.85 446.79 85,896.07
71 1,025.64 581.84 443.80 85,314.22
72 1,025.64 584.85 440.79 84,729.37
73 1,025.64 587.87 437.77 84,141.50
74 1,025.64 590.91 434.73 83,550.59
75 1,025.64 593.96 431.68 82,956.63
76 1,025.64 597.03 428.61 82,359.60
77 1,025.64 600.12 425.52 81,759.48
78 1,025.64 603.22 422.42 81,156.27
79 1,025.64 606.33 419.31 80,549.94
80 1,025.64 609.47 416.17 79,940.47
81 1,025.64 612.61 413.03 79,327.86
82 1,025.64 615.78 409.86 78,712.08
83 1,025.64 618.96 406.68 78,093.11
84 1,025.64 622.16 403.48 77,470.96
85 1,025.64 625.37 400.27 76,845.58
86 1,025.64 628.60 397.04 76,216.98
87 1,025.64 631.85 393.79 75,585.12
88 1,025.64 635.12 390.52 74,950.01
89 1,025.64 638.40 387.24 74,311.61
90 1,025.64 641.70 383.94 73,669.91
91 1,025.64 645.01 380.63 73,024.90
92 1,025.64 648.34 377.30 72,376.55
93 1,025.64 651.69 373.95 71,724.86
94 1,025.64 655.06 370.58 71,069.80
95 1,025.64 658.45 367.19 70,411.35
96 1,025.64 661.85 363.79 69,749.50
97 1,025.64 665.27 360.37 69,084.24
98 1,025.64 668.70 356.94 68,415.53
99 1,025.64 672.16 353.48 67,743.37
100 1,025.64 675.63 350.01 67,067.74
101 1,025.64 679.12 346.52 66,388.62
102 1,025.64 682.63 343.01 65,705.98
103 1,025.64 686.16 339.48 65,019.82
104 1,025.64 689.70 335.94 64,330.12
105 1,025.64 693.27 332.37 63,636.85
106 1,025.64 696.85 328.79 62,940.00
107 1,025.64 700.45 325.19 62,239.55
108 1,025.64 704.07 321.57 61,535.48
109 1,025.64 707.71 317.93 60,827.78
110 1,025.64 711.36 314.28 60,116.41
111 1,025.64 715.04 310.60 59,401.37
112 1,025.64 718.73 306.91 58,682.64
113 1,025.64 722.45 303.19 57,960.19
114 1,025.64 726.18 299.46 57,234.01
115 1,025.64 729.93 295.71 56,504.08
116 1,025.64 733.70 291.94 55,770.38
117 1,025.64 737.49 288.15 55,032.89
118 1,025.64 741.30 284.34 54,291.58
119 1,025.64 745.13 280.51 53,546.45
120 1,025.64 748.98 276.66 52,797.47
121 1,025.64 752.85 272.79 52,044.61
122 1,025.64 756.74 268.90 51,287.87
123 1,025.64 760.65 264.99 50,527.22
124 1,025.64 764.58 261.06 49,762.63
125 1,025.64 768.53 257.11 48,994.10
126 1,025.64 772.50 253.14 48,221.60
127 1,025.64 776.50 249.14 47,445.10
128 1,025.64 780.51 245.13 46,664.60
129 1,025.64 784.54 241.10 45,880.06
130 1,025.64 788.59 237.05 45,091.46
131 1,025.64 792.67 232.97 44,298.79
132 1,025.64 796.76 228.88 43,502.03
133 1,025.64 800.88 224.76 42,701.15
134 1,025.64 805.02 220.62 41,896.13
135 1,025.64 809.18 216.46 41,086.96
136 1,025.64 813.36 212.28 40,273.60
137 1,025.64 817.56 208.08 39,456.04
138 1,025.64 821.78 203.86 38,634.26
139 1,025.64 826.03 199.61 37,808.23
140 1,025.64 830.30 195.34 36,977.93
141 1,025.64 834.59 191.05 36,143.34
142 1,025.64 838.90 186.74 35,304.44
143 1,025.64 843.23 182.41 34,461.21
144 1,025.64 847.59 178.05 33,613.62
145 1,025.64 851.97 173.67 32,761.65
146 1,025.64 856.37 169.27 31,905.28
147 1,025.64 860.80 164.84 31,044.48
148 1,025.64 865.24 160.40 30,179.24
149 1,025.64 869.71 155.93 29,309.52
150 1,025.64 874.21 151.43 28,435.31
151 1,025.64 878.72 146.92 27,556.59
152 1,025.64 883.26 142.38 26,673.32
153 1,025.64 887.83 137.81 25,785.50
154 1,025.64 892.42 133.23 24,893.08
155 1,025.64 897.03 128.61 23,996.06
156 1,025.64 901.66 123.98 23,094.39
157 1,025.64 906.32 119.32 22,188.08
158 1,025.64 911.00 114.64 21,277.07
159 1,025.64 915.71 109.93 20,361.37
160 1,025.64 920.44 105.20 19,440.93
161 1,025.64 925.20 100.44 18,515.73
162 1,025.64 929.98 95.66 17,585.75
163 1,025.64 934.78 90.86 16,650.97
164 1,025.64 939.61 86.03 15,711.36
165 1,025.64 944.46 81.18 14,766.90
166 1,025.64 949.34 76.30 13,817.55
167 1,025.64 954.25 71.39 12,863.30
168 1,025.64 959.18 66.46 11,904.13
169 1,025.64 964.14 61.50 10,939.99
170 1,025.64 969.12 56.52 9,970.87
171 1,025.64 974.12 51.52 8,996.75
172 1,025.64 979.16 46.48 8,017.59
173 1,025.64 984.22 41.42 7,033.38
174 1,025.64 989.30 36.34 6,044.07
175 1,025.64 994.41 31.23 5,049.66
176 1,025.64 999.55 26.09 4,050.11
177 1,025.64 1,004.71 20.93 3,045.40
178 1,025.64 1,009.91 15.73 2,035.49
179 1,025.64 1,015.12 10.52 1,020.37
180 1,025.64 1,020.37 5.27 0.00
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