Mortgage Loan of $120,000 for 15 Years at 8.875%
What's the payment on a 15 year home loan for $120k at 8.875% interest?
Results
Monthly payment: $1,208.21
$14,499 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 8.875 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 | 1,208.21 | 320.71 | 887.50 | 119,679.29 |
| 2 | 1,208.21 | 323.08 | 885.13 | 119,356.20 |
| 3 | 1,208.21 | 325.47 | 882.74 | 119,030.73 |
| 4 | 1,208.21 | 327.88 | 880.33 | 118,702.85 |
| 5 | 1,208.21 | 330.31 | 877.91 | 118,372.54 |
| 6 | 1,208.21 | 332.75 | 875.46 | 118,039.79 |
| 7 | 1,208.21 | 335.21 | 873.00 | 117,704.58 |
| 8 | 1,208.21 | 337.69 | 870.52 | 117,366.89 |
| 9 | 1,208.21 | 340.19 | 868.03 | 117,026.70 |
| 10 | 1,208.21 | 342.70 | 865.51 | 116,684.00 |
| 11 | 1,208.21 | 345.24 | 862.98 | 116,338.76 |
| 12 | 1,208.21 | 347.79 | 860.42 | 115,990.97 |
| 13 | 1,208.21 | 350.36 | 857.85 | 115,640.61 |
| 14 | 1,208.21 | 352.95 | 855.26 | 115,287.66 |
| 15 | 1,208.21 | 355.56 | 852.65 | 114,932.09 |
| 16 | 1,208.21 | 358.19 | 850.02 | 114,573.90 |
| 17 | 1,208.21 | 360.84 | 847.37 | 114,213.05 |
| 18 | 1,208.21 | 363.51 | 844.70 | 113,849.54 |
| 19 | 1,208.21 | 366.20 | 842.01 | 113,483.34 |
| 20 | 1,208.21 | 368.91 | 839.30 | 113,114.43 |
| 21 | 1,208.21 | 371.64 | 836.58 | 112,742.79 |
| 22 | 1,208.21 | 374.39 | 833.83 | 112,368.41 |
| 23 | 1,208.21 | 377.15 | 831.06 | 111,991.25 |
| 24 | 1,208.21 | 379.94 | 828.27 | 111,611.31 |
| 25 | 1,208.21 | 382.75 | 825.46 | 111,228.55 |
| 26 | 1,208.21 | 385.59 | 822.63 | 110,842.97 |
| 27 | 1,208.21 | 388.44 | 819.78 | 110,454.53 |
| 28 | 1,208.21 | 391.31 | 816.90 | 110,063.22 |
| 29 | 1,208.21 | 394.20 | 814.01 | 109,669.02 |
| 30 | 1,208.21 | 397.12 | 811.09 | 109,271.90 |
| 31 | 1,208.21 | 400.06 | 808.16 | 108,871.84 |
| 32 | 1,208.21 | 403.01 | 805.20 | 108,468.83 |
| 33 | 1,208.21 | 406.00 | 802.22 | 108,062.83 |
| 34 | 1,208.21 | 409.00 | 799.21 | 107,653.84 |
| 35 | 1,208.21 | 412.02 | 796.19 | 107,241.81 |
| 36 | 1,208.21 | 415.07 | 793.14 | 106,826.74 |
| 37 | 1,208.21 | 418.14 | 790.07 | 106,408.60 |
| 38 | 1,208.21 | 421.23 | 786.98 | 105,987.37 |
| 39 | 1,208.21 | 424.35 | 783.86 | 105,563.02 |
| 40 | 1,208.21 | 427.49 | 780.73 | 105,135.54 |
| 41 | 1,208.21 | 430.65 | 777.56 | 104,704.89 |
| 42 | 1,208.21 | 433.83 | 774.38 | 104,271.05 |
| 43 | 1,208.21 | 437.04 | 771.17 | 103,834.01 |
| 44 | 1,208.21 | 440.27 | 767.94 | 103,393.74 |
| 45 | 1,208.21 | 443.53 | 764.68 | 102,950.21 |
| 46 | 1,208.21 | 446.81 | 761.40 | 102,503.40 |
| 47 | 1,208.21 | 450.11 | 758.10 | 102,053.28 |
| 48 | 1,208.21 | 453.44 | 754.77 | 101,599.84 |
| 49 | 1,208.21 | 456.80 | 751.42 | 101,143.04 |
| 50 | 1,208.21 | 460.18 | 748.04 | 100,682.87 |
| 51 | 1,208.21 | 463.58 | 744.63 | 100,219.29 |
| 52 | 1,208.21 | 467.01 | 741.21 | 99,752.28 |
| 53 | 1,208.21 | 470.46 | 737.75 | 99,281.82 |
| 54 | 1,208.21 | 473.94 | 734.27 | 98,807.88 |
| 55 | 1,208.21 | 477.45 | 730.77 | 98,330.43 |
| 56 | 1,208.21 | 480.98 | 727.24 | 97,849.45 |
| 57 | 1,208.21 | 484.53 | 723.68 | 97,364.92 |
| 58 | 1,208.21 | 488.12 | 720.09 | 96,876.80 |
| 59 | 1,208.21 | 491.73 | 716.48 | 96,385.07 |
| 60 | 1,208.21 | 495.36 | 712.85 | 95,889.71 |
| 61 | 1,208.21 | 499.03 | 709.18 | 95,390.68 |
| 62 | 1,208.21 | 502.72 | 705.49 | 94,887.96 |
| 63 | 1,208.21 | 506.44 | 701.78 | 94,381.52 |
| 64 | 1,208.21 | 510.18 | 698.03 | 93,871.34 |
| 65 | 1,208.21 | 513.96 | 694.26 | 93,357.38 |
| 66 | 1,208.21 | 517.76 | 690.46 | 92,839.63 |
| 67 | 1,208.21 | 521.59 | 686.63 | 92,318.04 |
| 68 | 1,208.21 | 525.44 | 682.77 | 91,792.60 |
| 69 | 1,208.21 | 529.33 | 678.88 | 91,263.27 |
| 70 | 1,208.21 | 533.24 | 674.97 | 90,730.02 |
| 71 | 1,208.21 | 537.19 | 671.02 | 90,192.83 |
| 72 | 1,208.21 | 541.16 | 667.05 | 89,651.67 |
| 73 | 1,208.21 | 545.16 | 663.05 | 89,106.51 |
| 74 | 1,208.21 | 549.20 | 659.02 | 88,557.31 |
| 75 | 1,208.21 | 553.26 | 654.96 | 88,004.05 |
| 76 | 1,208.21 | 557.35 | 650.86 | 87,446.70 |
| 77 | 1,208.21 | 561.47 | 646.74 | 86,885.23 |
| 78 | 1,208.21 | 565.62 | 642.59 | 86,319.61 |
| 79 | 1,208.21 | 569.81 | 638.41 | 85,749.80 |
| 80 | 1,208.21 | 574.02 | 634.19 | 85,175.78 |
| 81 | 1,208.21 | 578.27 | 629.95 | 84,597.51 |
| 82 | 1,208.21 | 582.54 | 625.67 | 84,014.97 |
| 83 | 1,208.21 | 586.85 | 621.36 | 83,428.11 |
| 84 | 1,208.21 | 591.19 | 617.02 | 82,836.92 |
| 85 | 1,208.21 | 595.56 | 612.65 | 82,241.36 |
| 86 | 1,208.21 | 599.97 | 608.24 | 81,641.39 |
| 87 | 1,208.21 | 604.41 | 603.81 | 81,036.98 |
| 88 | 1,208.21 | 608.88 | 599.34 | 80,428.10 |
| 89 | 1,208.21 | 613.38 | 594.83 | 79,814.72 |
| 90 | 1,208.21 | 617.92 | 590.30 | 79,196.81 |
| 91 | 1,208.21 | 622.49 | 585.73 | 78,574.32 |
| 92 | 1,208.21 | 627.09 | 581.12 | 77,947.23 |
| 93 | 1,208.21 | 631.73 | 576.48 | 77,315.50 |
| 94 | 1,208.21 | 636.40 | 571.81 | 76,679.10 |
| 95 | 1,208.21 | 641.11 | 567.11 | 76,037.99 |
| 96 | 1,208.21 | 645.85 | 562.36 | 75,392.15 |
| 97 | 1,208.21 | 650.63 | 557.59 | 74,741.52 |
| 98 | 1,208.21 | 655.44 | 552.78 | 74,086.08 |
| 99 | 1,208.21 | 660.28 | 547.93 | 73,425.80 |
| 100 | 1,208.21 | 665.17 | 543.04 | 72,760.63 |
| 101 | 1,208.21 | 670.09 | 538.13 | 72,090.54 |
| 102 | 1,208.21 | 675.04 | 533.17 | 71,415.50 |
| 103 | 1,208.21 | 680.04 | 528.18 | 70,735.46 |
| 104 | 1,208.21 | 685.07 | 523.15 | 70,050.40 |
| 105 | 1,208.21 | 690.13 | 518.08 | 69,360.27 |
| 106 | 1,208.21 | 695.24 | 512.98 | 68,665.03 |
| 107 | 1,208.21 | 700.38 | 507.84 | 67,964.65 |
| 108 | 1,208.21 | 705.56 | 502.66 | 67,259.10 |
| 109 | 1,208.21 | 710.78 | 497.44 | 66,548.32 |
| 110 | 1,208.21 | 716.03 | 492.18 | 65,832.29 |
| 111 | 1,208.21 | 721.33 | 486.88 | 65,110.96 |
| 112 | 1,208.21 | 726.66 | 481.55 | 64,384.30 |
| 113 | 1,208.21 | 732.04 | 476.18 | 63,652.26 |
| 114 | 1,208.21 | 737.45 | 470.76 | 62,914.81 |
| 115 | 1,208.21 | 742.91 | 465.31 | 62,171.90 |
| 116 | 1,208.21 | 748.40 | 459.81 | 61,423.50 |
| 117 | 1,208.21 | 753.93 | 454.28 | 60,669.57 |
| 118 | 1,208.21 | 759.51 | 448.70 | 59,910.06 |
| 119 | 1,208.21 | 765.13 | 443.08 | 59,144.93 |
| 120 | 1,208.21 | 770.79 | 437.43 | 58,374.14 |
| 121 | 1,208.21 | 776.49 | 431.73 | 57,597.65 |
| 122 | 1,208.21 | 782.23 | 425.98 | 56,815.42 |
| 123 | 1,208.21 | 788.02 | 420.20 | 56,027.41 |
| 124 | 1,208.21 | 793.84 | 414.37 | 55,233.57 |
| 125 | 1,208.21 | 799.71 | 408.50 | 54,433.85 |
| 126 | 1,208.21 | 805.63 | 402.58 | 53,628.22 |
| 127 | 1,208.21 | 811.59 | 396.63 | 52,816.63 |
| 128 | 1,208.21 | 817.59 | 390.62 | 51,999.04 |
| 129 | 1,208.21 | 823.64 | 384.58 | 51,175.41 |
| 130 | 1,208.21 | 829.73 | 378.48 | 50,345.68 |
| 131 | 1,208.21 | 835.86 | 372.35 | 49,509.81 |
| 132 | 1,208.21 | 842.05 | 366.17 | 48,667.77 |
| 133 | 1,208.21 | 848.27 | 359.94 | 47,819.49 |
| 134 | 1,208.21 | 854.55 | 353.67 | 46,964.95 |
| 135 | 1,208.21 | 860.87 | 347.34 | 46,104.08 |
| 136 | 1,208.21 | 867.23 | 340.98 | 45,236.84 |
| 137 | 1,208.21 | 873.65 | 334.56 | 44,363.19 |
| 138 | 1,208.21 | 880.11 | 328.10 | 43,483.08 |
| 139 | 1,208.21 | 886.62 | 321.59 | 42,596.47 |
| 140 | 1,208.21 | 893.18 | 315.04 | 41,703.29 |
| 141 | 1,208.21 | 899.78 | 308.43 | 40,803.51 |
| 142 | 1,208.21 | 906.44 | 301.78 | 39,897.07 |
| 143 | 1,208.21 | 913.14 | 295.07 | 38,983.93 |
| 144 | 1,208.21 | 919.89 | 288.32 | 38,064.03 |
| 145 | 1,208.21 | 926.70 | 281.52 | 37,137.34 |
| 146 | 1,208.21 | 933.55 | 274.66 | 36,203.79 |
| 147 | 1,208.21 | 940.46 | 267.76 | 35,263.33 |
| 148 | 1,208.21 | 947.41 | 260.80 | 34,315.92 |
| 149 | 1,208.21 | 954.42 | 253.79 | 33,361.50 |
| 150 | 1,208.21 | 961.48 | 246.74 | 32,400.02 |
| 151 | 1,208.21 | 968.59 | 239.63 | 31,431.44 |
| 152 | 1,208.21 | 975.75 | 232.46 | 30,455.68 |
| 153 | 1,208.21 | 982.97 | 225.25 | 29,472.72 |
| 154 | 1,208.21 | 990.24 | 217.98 | 28,482.48 |
| 155 | 1,208.21 | 997.56 | 210.65 | 27,484.92 |
| 156 | 1,208.21 | 1,004.94 | 203.27 | 26,479.98 |
| 157 | 1,208.21 | 1,012.37 | 195.84 | 25,467.61 |
| 158 | 1,208.21 | 1,019.86 | 188.35 | 24,447.75 |
| 159 | 1,208.21 | 1,027.40 | 180.81 | 23,420.35 |
| 160 | 1,208.21 | 1,035.00 | 173.21 | 22,385.35 |
| 161 | 1,208.21 | 1,042.65 | 165.56 | 21,342.69 |
| 162 | 1,208.21 | 1,050.37 | 157.85 | 20,292.33 |
| 163 | 1,208.21 | 1,058.13 | 150.08 | 19,234.19 |
| 164 | 1,208.21 | 1,065.96 | 142.25 | 18,168.23 |
| 165 | 1,208.21 | 1,073.84 | 134.37 | 17,094.39 |
| 166 | 1,208.21 | 1,081.79 | 126.43 | 16,012.60 |
| 167 | 1,208.21 | 1,089.79 | 118.43 | 14,922.82 |
| 168 | 1,208.21 | 1,097.85 | 110.37 | 13,824.97 |
| 169 | 1,208.21 | 1,105.97 | 102.25 | 12,719.01 |
| 170 | 1,208.21 | 1,114.15 | 94.07 | 11,604.86 |
| 171 | 1,208.21 | 1,122.39 | 85.83 | 10,482.47 |
| 172 | 1,208.21 | 1,130.69 | 77.53 | 9,351.79 |
| 173 | 1,208.21 | 1,139.05 | 69.16 | 8,212.74 |
| 174 | 1,208.21 | 1,147.47 | 60.74 | 7,065.27 |
| 175 | 1,208.21 | 1,155.96 | 52.25 | 5,909.31 |
| 176 | 1,208.21 | 1,164.51 | 43.70 | 4,744.80 |
| 177 | 1,208.21 | 1,173.12 | 35.09 | 3,571.68 |
| 178 | 1,208.21 | 1,181.80 | 26.42 | 2,389.88 |
| 179 | 1,208.21 | 1,190.54 | 17.68 | 1,199.34 |
| 180 | 1,208.21 | 1,199.34 | 8.87 | 0.00 |