Mortgage Loan of $254,000 for 15 Years at 8.875%

What's the payment on a 15 year home loan for $254k at 8.875% interest?

Loan Amount

Length

Interest Rate

Results

Monthly payment: $2,557.38

$30,689 per year

What's the monthly payment? Use the loan payment schedule below to view payments each month based on a fixed rate $254k 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 254,000 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	2,557.38	678.84	1,878.54	253,321.16
2	2,557.38	683.86	1,873.52	252,637.29
3	2,557.38	688.92	1,868.46	251,948.37
4	2,557.38	694.02	1,863.37	251,254.36
5	2,557.38	699.15	1,858.24	250,555.21
6	2,557.38	704.32	1,853.06	249,850.89
7	2,557.38	709.53	1,847.86	249,141.36
8	2,557.38	714.78	1,842.61	248,426.59
9	2,557.38	720.06	1,837.32	247,706.52
10	2,557.38	725.39	1,832.00	246,981.14
11	2,557.38	730.75	1,826.63	246,250.38
12	2,557.38	736.16	1,821.23	245,514.23
13	2,557.38	741.60	1,815.78	244,772.62
14	2,557.38	747.09	1,810.30	244,025.54
15	2,557.38	752.61	1,804.77	243,272.93
16	2,557.38	758.18	1,799.21	242,514.75
17	2,557.38	763.79	1,793.60	241,750.96
18	2,557.38	769.43	1,787.95	240,981.53
19	2,557.38	775.12	1,782.26	240,206.40
20	2,557.38	780.86	1,776.53	239,425.55
21	2,557.38	786.63	1,770.75	238,638.91
22	2,557.38	792.45	1,764.93	237,846.46
23	2,557.38	798.31	1,759.07	237,048.15
24	2,557.38	804.22	1,753.17	236,243.94
25	2,557.38	810.16	1,747.22	235,433.77
26	2,557.38	816.16	1,741.23	234,617.62
27	2,557.38	822.19	1,735.19	233,795.43
28	2,557.38	828.27	1,729.11	232,967.16
29	2,557.38	834.40	1,722.99	232,132.76
30	2,557.38	840.57	1,716.82	231,292.19
31	2,557.38	846.79	1,710.60	230,445.40
32	2,557.38	853.05	1,704.34	229,592.36
33	2,557.38	859.36	1,698.03	228,733.00
34	2,557.38	865.71	1,691.67	227,867.29
35	2,557.38	872.12	1,685.27	226,995.17
36	2,557.38	878.57	1,678.82	226,116.61
37	2,557.38	885.06	1,672.32	225,231.54
38	2,557.38	891.61	1,665.77	224,339.93
39	2,557.38	898.20	1,659.18	223,441.73
40	2,557.38	904.85	1,652.54	222,536.88
41	2,557.38	911.54	1,645.85	221,625.35
42	2,557.38	918.28	1,639.10	220,707.07
43	2,557.38	925.07	1,632.31	219,781.99
44	2,557.38	931.91	1,625.47	218,850.08
45	2,557.38	938.81	1,618.58	217,911.28
46	2,557.38	945.75	1,611.64	216,965.53
47	2,557.38	952.74	1,604.64	216,012.78
48	2,557.38	959.79	1,597.59	215,052.99
49	2,557.38	966.89	1,590.50	214,086.11
50	2,557.38	974.04	1,583.35	213,112.07
51	2,557.38	981.24	1,576.14	212,130.83
52	2,557.38	988.50	1,568.88	211,142.33
53	2,557.38	995.81	1,561.57	210,146.52
54	2,557.38	1,003.18	1,554.21	209,143.34
55	2,557.38	1,010.59	1,546.79	208,132.75
56	2,557.38	1,018.07	1,539.32	207,114.68
57	2,557.38	1,025.60	1,531.79	206,089.08
58	2,557.38	1,033.18	1,524.20	205,055.89
59	2,557.38	1,040.82	1,516.56	204,015.07
60	2,557.38	1,048.52	1,508.86	202,966.55
61	2,557.38	1,056.28	1,501.11	201,910.27
62	2,557.38	1,064.09	1,493.29	200,846.18
63	2,557.38	1,071.96	1,485.42	199,774.22
64	2,557.38	1,079.89	1,477.50	198,694.33
65	2,557.38	1,087.87	1,469.51	197,606.46
66	2,557.38	1,095.92	1,461.46	196,510.54
67	2,557.38	1,104.02	1,453.36	195,406.52
68	2,557.38	1,112.19	1,445.19	194,294.33
69	2,557.38	1,120.42	1,436.97	193,173.91
70	2,557.38	1,128.70	1,428.68	192,045.21
71	2,557.38	1,137.05	1,420.33	190,908.16
72	2,557.38	1,145.46	1,411.92	189,762.70
73	2,557.38	1,153.93	1,403.45	188,608.77
74	2,557.38	1,162.46	1,394.92	187,446.31
75	2,557.38	1,171.06	1,386.32	186,275.24
76	2,557.38	1,179.72	1,377.66	185,095.52
77	2,557.38	1,188.45	1,368.94	183,907.07
78	2,557.38	1,197.24	1,360.15	182,709.83
79	2,557.38	1,206.09	1,351.29	181,503.74
80	2,557.38	1,215.01	1,342.37	180,288.73
81	2,557.38	1,224.00	1,333.39	179,064.73
82	2,557.38	1,233.05	1,324.33	177,831.68
83	2,557.38	1,242.17	1,315.21	176,589.51
84	2,557.38	1,251.36	1,306.03	175,338.15
85	2,557.38	1,260.61	1,296.77	174,077.54
86	2,557.38	1,269.94	1,287.45	172,807.60
87	2,557.38	1,279.33	1,278.06	171,528.28
88	2,557.38	1,288.79	1,268.59	170,239.49
89	2,557.38	1,298.32	1,259.06	168,941.16
90	2,557.38	1,307.92	1,249.46	167,633.24
91	2,557.38	1,317.60	1,239.79	166,315.64
92	2,557.38	1,327.34	1,230.04	164,988.30
93	2,557.38	1,337.16	1,220.23	163,651.15
94	2,557.38	1,347.05	1,210.34	162,304.10
95	2,557.38	1,357.01	1,200.37	160,947.09
96	2,557.38	1,367.05	1,190.34	159,580.04
97	2,557.38	1,377.16	1,180.23	158,202.89
98	2,557.38	1,387.34	1,170.04	156,815.54
99	2,557.38	1,397.60	1,159.78	155,417.94
100	2,557.38	1,407.94	1,149.45	154,010.00
101	2,557.38	1,418.35	1,139.03	152,591.65
102	2,557.38	1,428.84	1,128.54	151,162.81
103	2,557.38	1,439.41	1,117.97	149,723.40
104	2,557.38	1,450.05	1,107.33	148,273.35
105	2,557.38	1,460.78	1,096.60	146,812.57
106	2,557.38	1,471.58	1,085.80	145,340.98
107	2,557.38	1,482.47	1,074.92	143,858.52
108	2,557.38	1,493.43	1,063.95	142,365.09
109	2,557.38	1,504.48	1,052.91	140,860.61
110	2,557.38	1,515.60	1,041.78	139,345.01
111	2,557.38	1,526.81	1,030.57	137,818.20
112	2,557.38	1,538.10	1,019.28	136,280.10
113	2,557.38	1,549.48	1,007.90	134,730.62
114	2,557.38	1,560.94	996.45	133,169.68
115	2,557.38	1,572.48	984.90	131,597.19
116	2,557.38	1,584.11	973.27	130,013.08
117	2,557.38	1,595.83	961.56	128,417.25
118	2,557.38	1,607.63	949.75	126,809.62
119	2,557.38	1,619.52	937.86	125,190.10
120	2,557.38	1,631.50	925.89	123,558.60
121	2,557.38	1,643.57	913.82	121,915.04
122	2,557.38	1,655.72	901.66	120,259.31
123	2,557.38	1,667.97	889.42	118,591.35
124	2,557.38	1,680.30	877.08	116,911.05
125	2,557.38	1,692.73	864.65	115,218.32
126	2,557.38	1,705.25	852.14	113,513.07
127	2,557.38	1,717.86	839.52	111,795.21
128	2,557.38	1,730.57	826.82	110,064.64
129	2,557.38	1,743.36	814.02	108,321.28
130	2,557.38	1,756.26	801.13	106,565.02
131	2,557.38	1,769.25	788.14	104,795.77
132	2,557.38	1,782.33	775.05	103,013.44
133	2,557.38	1,795.51	761.87	101,217.93
134	2,557.38	1,808.79	748.59	99,409.14
135	2,557.38	1,822.17	735.21	97,586.97
136	2,557.38	1,835.65	721.74	95,751.32
137	2,557.38	1,849.22	708.16	93,902.10
138	2,557.38	1,862.90	694.48	92,039.20
139	2,557.38	1,876.68	680.71	90,162.52
140	2,557.38	1,890.56	666.83	88,271.96
141	2,557.38	1,904.54	652.84	86,367.42
142	2,557.38	1,918.62	638.76	84,448.80
143	2,557.38	1,932.81	624.57	82,515.98
144	2,557.38	1,947.11	610.27	80,568.87
145	2,557.38	1,961.51	595.87	78,607.36
146	2,557.38	1,976.02	581.37	76,631.35
147	2,557.38	1,990.63	566.75	74,640.71
148	2,557.38	2,005.35	552.03	72,635.36
149	2,557.38	2,020.18	537.20	70,615.18
150	2,557.38	2,035.13	522.26	68,580.05
151	2,557.38	2,050.18	507.21	66,529.87
152	2,557.38	2,065.34	492.04	64,464.53
153	2,557.38	2,080.62	476.77	62,383.92
154	2,557.38	2,096.00	461.38	60,287.91
155	2,557.38	2,111.50	445.88	58,176.41
156	2,557.38	2,127.12	430.26	56,049.29
157	2,557.38	2,142.85	414.53	53,906.44
158	2,557.38	2,158.70	398.68	51,747.74
159	2,557.38	2,174.67	382.72	49,573.07
160	2,557.38	2,190.75	366.63	47,382.32
161	2,557.38	2,206.95	350.43	45,175.37
162	2,557.38	2,223.27	334.11	42,952.09
163	2,557.38	2,239.72	317.67	40,712.37
164	2,557.38	2,256.28	301.10	38,456.09
165	2,557.38	2,272.97	284.41	36,183.12
166	2,557.38	2,289.78	267.60	33,893.34
167	2,557.38	2,306.71	250.67	31,586.63
168	2,557.38	2,323.77	233.61	29,262.86
169	2,557.38	2,340.96	216.42	26,921.89
170	2,557.38	2,358.27	199.11	24,563.62
171	2,557.38	2,375.72	181.67	22,187.90
172	2,557.38	2,393.29	164.10	19,794.62
173	2,557.38	2,410.99	146.40	17,383.63
174	2,557.38	2,428.82	128.57	14,954.82
175	2,557.38	2,446.78	110.60	12,508.03
176	2,557.38	2,464.88	92.51	10,043.16
177	2,557.38	2,483.11	74.28	7,560.05
178	2,557.38	2,501.47	55.91	5,058.58
179	2,557.38	2,519.97	37.41	2,538.61
180	2,557.38	2,538.61	18.78	0.00