Mortgage Loan of $120,000 for 15 Years at 8.50%

What's the payment on a 15 year home loan for $120k at 8.50% interest?
Loan Amount
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Length
Interest Rate
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Results
Monthly payment: $1,181.69
$14,180 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 8.50 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 1,181.69 331.69 850.00 119,668.31
2 1,181.69 334.04 847.65 119,334.28
3 1,181.69 336.40 845.28 118,997.87
4 1,181.69 338.79 842.90 118,659.09
5 1,181.69 341.19 840.50 118,317.90
6 1,181.69 343.60 838.09 117,974.30
7 1,181.69 346.04 835.65 117,628.26
8 1,181.69 348.49 833.20 117,279.78
9 1,181.69 350.96 830.73 116,928.82
10 1,181.69 353.44 828.25 116,575.38
11 1,181.69 355.95 825.74 116,219.43
12 1,181.69 358.47 823.22 115,860.97
13 1,181.69 361.01 820.68 115,499.96
14 1,181.69 363.56 818.12 115,136.40
15 1,181.69 366.14 815.55 114,770.26
16 1,181.69 368.73 812.96 114,401.53
17 1,181.69 371.34 810.34 114,030.19
18 1,181.69 373.97 807.71 113,656.21
19 1,181.69 376.62 805.06 113,279.59
20 1,181.69 379.29 802.40 112,900.30
21 1,181.69 381.98 799.71 112,518.32
22 1,181.69 384.68 797.00 112,133.64
23 1,181.69 387.41 794.28 111,746.23
24 1,181.69 390.15 791.54 111,356.08
25 1,181.69 392.92 788.77 110,963.16
26 1,181.69 395.70 785.99 110,567.47
27 1,181.69 398.50 783.19 110,168.96
28 1,181.69 401.32 780.36 109,767.64
29 1,181.69 404.17 777.52 109,363.47
30 1,181.69 407.03 774.66 108,956.44
31 1,181.69 409.91 771.77 108,546.53
32 1,181.69 412.82 768.87 108,133.72
33 1,181.69 415.74 765.95 107,717.98
34 1,181.69 418.69 763.00 107,299.29
35 1,181.69 421.65 760.04 106,877.64
36 1,181.69 424.64 757.05 106,453.00
37 1,181.69 427.65 754.04 106,025.36
38 1,181.69 430.67 751.01 105,594.68
39 1,181.69 433.73 747.96 105,160.96
40 1,181.69 436.80 744.89 104,724.16
41 1,181.69 439.89 741.80 104,284.27
42 1,181.69 443.01 738.68 103,841.26
43 1,181.69 446.15 735.54 103,395.12
44 1,181.69 449.31 732.38 102,945.81
45 1,181.69 452.49 729.20 102,493.32
46 1,181.69 455.69 725.99 102,037.63
47 1,181.69 458.92 722.77 101,578.71
48 1,181.69 462.17 719.52 101,116.54
49 1,181.69 465.45 716.24 100,651.09
50 1,181.69 468.74 712.95 100,182.35
51 1,181.69 472.06 709.62 99,710.29
52 1,181.69 475.41 706.28 99,234.88
53 1,181.69 478.77 702.91 98,756.11
54 1,181.69 482.17 699.52 98,273.94
55 1,181.69 485.58 696.11 97,788.36
56 1,181.69 489.02 692.67 97,299.34
57 1,181.69 492.48 689.20 96,806.86
58 1,181.69 495.97 685.72 96,310.89
59 1,181.69 499.49 682.20 95,811.40
60 1,181.69 503.02 678.66 95,308.38
61 1,181.69 506.59 675.10 94,801.79
62 1,181.69 510.17 671.51 94,291.62
63 1,181.69 513.79 667.90 93,777.83
64 1,181.69 517.43 664.26 93,260.40
65 1,181.69 521.09 660.59 92,739.31
66 1,181.69 524.78 656.90 92,214.52
67 1,181.69 528.50 653.19 91,686.02
68 1,181.69 532.24 649.44 91,153.78
69 1,181.69 536.01 645.67 90,617.76
70 1,181.69 539.81 641.88 90,077.95
71 1,181.69 543.64 638.05 89,534.31
72 1,181.69 547.49 634.20 88,986.83
73 1,181.69 551.36 630.32 88,435.46
74 1,181.69 555.27 626.42 87,880.19
75 1,181.69 559.20 622.48 87,320.99
76 1,181.69 563.16 618.52 86,757.83
77 1,181.69 567.15 614.53 86,190.67
78 1,181.69 571.17 610.52 85,619.50
79 1,181.69 575.22 606.47 85,044.29
80 1,181.69 579.29 602.40 84,465.00
81 1,181.69 583.39 598.29 83,881.60
82 1,181.69 587.53 594.16 83,294.08
83 1,181.69 591.69 590.00 82,702.39
84 1,181.69 595.88 585.81 82,106.51
85 1,181.69 600.10 581.59 81,506.41
86 1,181.69 604.35 577.34 80,902.06
87 1,181.69 608.63 573.06 80,293.43
88 1,181.69 612.94 568.75 79,680.49
89 1,181.69 617.28 564.40 79,063.20
90 1,181.69 621.66 560.03 78,441.55
91 1,181.69 626.06 555.63 77,815.49
92 1,181.69 630.49 551.19 77,184.99
93 1,181.69 634.96 546.73 76,550.03
94 1,181.69 639.46 542.23 75,910.57
95 1,181.69 643.99 537.70 75,266.59
96 1,181.69 648.55 533.14 74,618.04
97 1,181.69 653.14 528.54 73,964.89
98 1,181.69 657.77 523.92 73,307.13
99 1,181.69 662.43 519.26 72,644.70
100 1,181.69 667.12 514.57 71,977.58
101 1,181.69 671.85 509.84 71,305.73
102 1,181.69 676.61 505.08 70,629.12
103 1,181.69 681.40 500.29 69,947.73
104 1,181.69 686.22 495.46 69,261.50
105 1,181.69 691.09 490.60 68,570.42
106 1,181.69 695.98 485.71 67,874.44
107 1,181.69 700.91 480.78 67,173.53
108 1,181.69 705.87 475.81 66,467.65
109 1,181.69 710.87 470.81 65,756.78
110 1,181.69 715.91 465.78 65,040.87
111 1,181.69 720.98 460.71 64,319.88
112 1,181.69 726.09 455.60 63,593.80
113 1,181.69 731.23 450.46 62,862.57
114 1,181.69 736.41 445.28 62,126.15
115 1,181.69 741.63 440.06 61,384.53
116 1,181.69 746.88 434.81 60,637.65
117 1,181.69 752.17 429.52 59,885.48
118 1,181.69 757.50 424.19 59,127.98
119 1,181.69 762.86 418.82 58,365.11
120 1,181.69 768.27 413.42 57,596.84
121 1,181.69 773.71 407.98 56,823.13
122 1,181.69 779.19 402.50 56,043.94
123 1,181.69 784.71 396.98 55,259.24
124 1,181.69 790.27 391.42 54,468.97
125 1,181.69 795.87 385.82 53,673.10
126 1,181.69 801.50 380.18 52,871.60
127 1,181.69 807.18 374.51 52,064.42
128 1,181.69 812.90 368.79 51,251.52
129 1,181.69 818.66 363.03 50,432.86
130 1,181.69 824.45 357.23 49,608.41
131 1,181.69 830.29 351.39 48,778.12
132 1,181.69 836.18 345.51 47,941.94
133 1,181.69 842.10 339.59 47,099.84
134 1,181.69 848.06 333.62 46,251.78
135 1,181.69 854.07 327.62 45,397.71
136 1,181.69 860.12 321.57 44,537.59
137 1,181.69 866.21 315.47 43,671.37
138 1,181.69 872.35 309.34 42,799.02
139 1,181.69 878.53 303.16 41,920.50
140 1,181.69 884.75 296.94 41,035.75
141 1,181.69 891.02 290.67 40,144.73
142 1,181.69 897.33 284.36 39,247.40
143 1,181.69 903.69 278.00 38,343.71
144 1,181.69 910.09 271.60 37,433.63
145 1,181.69 916.53 265.15 36,517.10
146 1,181.69 923.02 258.66 35,594.07
147 1,181.69 929.56 252.12 34,664.51
148 1,181.69 936.15 245.54 33,728.36
149 1,181.69 942.78 238.91 32,785.58
150 1,181.69 949.46 232.23 31,836.13
151 1,181.69 956.18 225.51 30,879.95
152 1,181.69 962.95 218.73 29,916.99
153 1,181.69 969.78 211.91 28,947.22
154 1,181.69 976.64 205.04 27,970.57
155 1,181.69 983.56 198.12 26,987.01
156 1,181.69 990.53 191.16 25,996.48
157 1,181.69 997.55 184.14 24,998.93
158 1,181.69 1,004.61 177.08 23,994.32
159 1,181.69 1,011.73 169.96 22,982.59
160 1,181.69 1,018.89 162.79 21,963.70
161 1,181.69 1,026.11 155.58 20,937.59
162 1,181.69 1,033.38 148.31 19,904.21
163 1,181.69 1,040.70 140.99 18,863.51
164 1,181.69 1,048.07 133.62 17,815.44
165 1,181.69 1,055.49 126.19 16,759.94
166 1,181.69 1,062.97 118.72 15,696.97
167 1,181.69 1,070.50 111.19 14,626.47
168 1,181.69 1,078.08 103.60 13,548.39
169 1,181.69 1,085.72 95.97 12,462.67
170 1,181.69 1,093.41 88.28 11,369.26
171 1,181.69 1,101.16 80.53 10,268.10
172 1,181.69 1,108.96 72.73 9,159.15
173 1,181.69 1,116.81 64.88 8,042.34
174 1,181.69 1,124.72 56.97 6,917.62
175 1,181.69 1,132.69 49.00 5,784.93
176 1,181.69 1,140.71 40.98 4,644.22
177 1,181.69 1,148.79 32.90 3,495.43
178 1,181.69 1,156.93 24.76 2,338.50
179 1,181.69 1,165.12 16.56 1,173.38
180 1,181.69 1,173.38 8.31 0.00
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