Mortgage Loan of $8,500 for 15 Years at 8.85%
What's the payment on a 15 year home loan for $8.5k at 8.85% interest?
Results
Monthly payment: $85.46
$1,025 per year
What's the monthly payment? Use the loan payment schedule below to view payments each month based on a fixed rate $8.5k 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 8,500 loan for 15 years at 8.85 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 | 85.46 | 22.77 | 62.69 | 8,477.23 |
2 | 85.46 | 22.94 | 62.52 | 8,454.30 |
3 | 85.46 | 23.11 | 62.35 | 8,431.19 |
4 | 85.46 | 23.28 | 62.18 | 8,407.91 |
5 | 85.46 | 23.45 | 62.01 | 8,384.47 |
6 | 85.46 | 23.62 | 61.84 | 8,360.85 |
7 | 85.46 | 23.79 | 61.66 | 8,337.05 |
8 | 85.46 | 23.97 | 61.49 | 8,313.08 |
9 | 85.46 | 24.15 | 61.31 | 8,288.93 |
10 | 85.46 | 24.32 | 61.13 | 8,264.61 |
11 | 85.46 | 24.50 | 60.95 | 8,240.11 |
12 | 85.46 | 24.69 | 60.77 | 8,215.42 |
13 | 85.46 | 24.87 | 60.59 | 8,190.55 |
14 | 85.46 | 25.05 | 60.41 | 8,165.50 |
15 | 85.46 | 25.24 | 60.22 | 8,140.27 |
16 | 85.46 | 25.42 | 60.03 | 8,114.85 |
17 | 85.46 | 25.61 | 59.85 | 8,089.24 |
18 | 85.46 | 25.80 | 59.66 | 8,063.44 |
19 | 85.46 | 25.99 | 59.47 | 8,037.45 |
20 | 85.46 | 26.18 | 59.28 | 8,011.27 |
21 | 85.46 | 26.37 | 59.08 | 7,984.90 |
22 | 85.46 | 26.57 | 58.89 | 7,958.33 |
23 | 85.46 | 26.76 | 58.69 | 7,931.57 |
24 | 85.46 | 26.96 | 58.50 | 7,904.61 |
25 | 85.46 | 27.16 | 58.30 | 7,877.45 |
26 | 85.46 | 27.36 | 58.10 | 7,850.09 |
27 | 85.46 | 27.56 | 57.89 | 7,822.53 |
28 | 85.46 | 27.76 | 57.69 | 7,794.76 |
29 | 85.46 | 27.97 | 57.49 | 7,766.79 |
30 | 85.46 | 28.18 | 57.28 | 7,738.62 |
31 | 85.46 | 28.38 | 57.07 | 7,710.23 |
32 | 85.46 | 28.59 | 56.86 | 7,681.64 |
33 | 85.46 | 28.80 | 56.65 | 7,652.84 |
34 | 85.46 | 29.02 | 56.44 | 7,623.82 |
35 | 85.46 | 29.23 | 56.23 | 7,594.59 |
36 | 85.46 | 29.45 | 56.01 | 7,565.15 |
37 | 85.46 | 29.66 | 55.79 | 7,535.48 |
38 | 85.46 | 29.88 | 55.57 | 7,505.60 |
39 | 85.46 | 30.10 | 55.35 | 7,475.50 |
40 | 85.46 | 30.32 | 55.13 | 7,445.18 |
41 | 85.46 | 30.55 | 54.91 | 7,414.63 |
42 | 85.46 | 30.77 | 54.68 | 7,383.85 |
43 | 85.46 | 31.00 | 54.46 | 7,352.85 |
44 | 85.46 | 31.23 | 54.23 | 7,321.63 |
45 | 85.46 | 31.46 | 54.00 | 7,290.17 |
46 | 85.46 | 31.69 | 53.76 | 7,258.48 |
47 | 85.46 | 31.92 | 53.53 | 7,226.55 |
48 | 85.46 | 32.16 | 53.30 | 7,194.39 |
49 | 85.46 | 32.40 | 53.06 | 7,161.99 |
50 | 85.46 | 32.64 | 52.82 | 7,129.36 |
51 | 85.46 | 32.88 | 52.58 | 7,096.48 |
52 | 85.46 | 33.12 | 52.34 | 7,063.36 |
53 | 85.46 | 33.36 | 52.09 | 7,030.00 |
54 | 85.46 | 33.61 | 51.85 | 6,996.39 |
55 | 85.46 | 33.86 | 51.60 | 6,962.53 |
56 | 85.46 | 34.11 | 51.35 | 6,928.42 |
57 | 85.46 | 34.36 | 51.10 | 6,894.07 |
58 | 85.46 | 34.61 | 50.84 | 6,859.45 |
59 | 85.46 | 34.87 | 50.59 | 6,824.59 |
60 | 85.46 | 35.12 | 50.33 | 6,789.46 |
61 | 85.46 | 35.38 | 50.07 | 6,754.08 |
62 | 85.46 | 35.64 | 49.81 | 6,718.43 |
63 | 85.46 | 35.91 | 49.55 | 6,682.53 |
64 | 85.46 | 36.17 | 49.28 | 6,646.35 |
65 | 85.46 | 36.44 | 49.02 | 6,609.92 |
66 | 85.46 | 36.71 | 48.75 | 6,573.21 |
67 | 85.46 | 36.98 | 48.48 | 6,536.23 |
68 | 85.46 | 37.25 | 48.20 | 6,498.98 |
69 | 85.46 | 37.53 | 47.93 | 6,461.45 |
70 | 85.46 | 37.80 | 47.65 | 6,423.65 |
71 | 85.46 | 38.08 | 47.37 | 6,385.57 |
72 | 85.46 | 38.36 | 47.09 | 6,347.21 |
73 | 85.46 | 38.65 | 46.81 | 6,308.56 |
74 | 85.46 | 38.93 | 46.53 | 6,269.63 |
75 | 85.46 | 39.22 | 46.24 | 6,230.41 |
76 | 85.46 | 39.51 | 45.95 | 6,190.91 |
77 | 85.46 | 39.80 | 45.66 | 6,151.11 |
78 | 85.46 | 40.09 | 45.36 | 6,111.02 |
79 | 85.46 | 40.39 | 45.07 | 6,070.63 |
80 | 85.46 | 40.68 | 44.77 | 6,029.95 |
81 | 85.46 | 40.98 | 44.47 | 5,988.96 |
82 | 85.46 | 41.29 | 44.17 | 5,947.67 |
83 | 85.46 | 41.59 | 43.86 | 5,906.08 |
84 | 85.46 | 41.90 | 43.56 | 5,864.18 |
85 | 85.46 | 42.21 | 43.25 | 5,821.98 |
86 | 85.46 | 42.52 | 42.94 | 5,779.46 |
87 | 85.46 | 42.83 | 42.62 | 5,736.62 |
88 | 85.46 | 43.15 | 42.31 | 5,693.48 |
89 | 85.46 | 43.47 | 41.99 | 5,650.01 |
90 | 85.46 | 43.79 | 41.67 | 5,606.22 |
91 | 85.46 | 44.11 | 41.35 | 5,562.11 |
92 | 85.46 | 44.44 | 41.02 | 5,517.68 |
93 | 85.46 | 44.76 | 40.69 | 5,472.91 |
94 | 85.46 | 45.09 | 40.36 | 5,427.82 |
95 | 85.46 | 45.43 | 40.03 | 5,382.40 |
96 | 85.46 | 45.76 | 39.70 | 5,336.63 |
97 | 85.46 | 46.10 | 39.36 | 5,290.54 |
98 | 85.46 | 46.44 | 39.02 | 5,244.10 |
99 | 85.46 | 46.78 | 38.68 | 5,197.32 |
100 | 85.46 | 47.13 | 38.33 | 5,150.19 |
101 | 85.46 | 47.47 | 37.98 | 5,102.72 |
102 | 85.46 | 47.82 | 37.63 | 5,054.90 |
103 | 85.46 | 48.18 | 37.28 | 5,006.72 |
104 | 85.46 | 48.53 | 36.92 | 4,958.19 |
105 | 85.46 | 48.89 | 36.57 | 4,909.30 |
106 | 85.46 | 49.25 | 36.21 | 4,860.05 |
107 | 85.46 | 49.61 | 35.84 | 4,810.44 |
108 | 85.46 | 49.98 | 35.48 | 4,760.46 |
109 | 85.46 | 50.35 | 35.11 | 4,710.11 |
110 | 85.46 | 50.72 | 34.74 | 4,659.39 |
111 | 85.46 | 51.09 | 34.36 | 4,608.30 |
112 | 85.46 | 51.47 | 33.99 | 4,556.83 |
113 | 85.46 | 51.85 | 33.61 | 4,504.98 |
114 | 85.46 | 52.23 | 33.22 | 4,452.75 |
115 | 85.46 | 52.62 | 32.84 | 4,400.13 |
116 | 85.46 | 53.00 | 32.45 | 4,347.13 |
117 | 85.46 | 53.40 | 32.06 | 4,293.73 |
118 | 85.46 | 53.79 | 31.67 | 4,239.94 |
119 | 85.46 | 54.19 | 31.27 | 4,185.75 |
120 | 85.46 | 54.59 | 30.87 | 4,131.17 |
121 | 85.46 | 54.99 | 30.47 | 4,076.18 |
122 | 85.46 | 55.39 | 30.06 | 4,020.79 |
123 | 85.46 | 55.80 | 29.65 | 3,964.98 |
124 | 85.46 | 56.21 | 29.24 | 3,908.77 |
125 | 85.46 | 56.63 | 28.83 | 3,852.14 |
126 | 85.46 | 57.05 | 28.41 | 3,795.10 |
127 | 85.46 | 57.47 | 27.99 | 3,737.63 |
128 | 85.46 | 57.89 | 27.57 | 3,679.74 |
129 | 85.46 | 58.32 | 27.14 | 3,621.42 |
130 | 85.46 | 58.75 | 26.71 | 3,562.67 |
131 | 85.46 | 59.18 | 26.27 | 3,503.49 |
132 | 85.46 | 59.62 | 25.84 | 3,443.87 |
133 | 85.46 | 60.06 | 25.40 | 3,383.82 |
134 | 85.46 | 60.50 | 24.96 | 3,323.32 |
135 | 85.46 | 60.95 | 24.51 | 3,262.37 |
136 | 85.46 | 61.40 | 24.06 | 3,200.97 |
137 | 85.46 | 61.85 | 23.61 | 3,139.12 |
138 | 85.46 | 62.30 | 23.15 | 3,076.82 |
139 | 85.46 | 62.76 | 22.69 | 3,014.06 |
140 | 85.46 | 63.23 | 22.23 | 2,950.83 |
141 | 85.46 | 63.69 | 21.76 | 2,887.13 |
142 | 85.46 | 64.16 | 21.29 | 2,822.97 |
143 | 85.46 | 64.64 | 20.82 | 2,758.33 |
144 | 85.46 | 65.11 | 20.34 | 2,693.22 |
145 | 85.46 | 65.59 | 19.86 | 2,627.63 |
146 | 85.46 | 66.08 | 19.38 | 2,561.55 |
147 | 85.46 | 66.56 | 18.89 | 2,494.99 |
148 | 85.46 | 67.06 | 18.40 | 2,427.93 |
149 | 85.46 | 67.55 | 17.91 | 2,360.38 |
150 | 85.46 | 68.05 | 17.41 | 2,292.33 |
151 | 85.46 | 68.55 | 16.91 | 2,223.78 |
152 | 85.46 | 69.06 | 16.40 | 2,154.73 |
153 | 85.46 | 69.56 | 15.89 | 2,085.16 |
154 | 85.46 | 70.08 | 15.38 | 2,015.09 |
155 | 85.46 | 70.59 | 14.86 | 1,944.49 |
156 | 85.46 | 71.12 | 14.34 | 1,873.38 |
157 | 85.46 | 71.64 | 13.82 | 1,801.74 |
158 | 85.46 | 72.17 | 13.29 | 1,729.57 |
159 | 85.46 | 72.70 | 12.76 | 1,656.87 |
160 | 85.46 | 73.24 | 12.22 | 1,583.63 |
161 | 85.46 | 73.78 | 11.68 | 1,509.86 |
162 | 85.46 | 74.32 | 11.14 | 1,435.53 |
163 | 85.46 | 74.87 | 10.59 | 1,360.67 |
164 | 85.46 | 75.42 | 10.03 | 1,285.24 |
165 | 85.46 | 75.98 | 9.48 | 1,209.27 |
166 | 85.46 | 76.54 | 8.92 | 1,132.73 |
167 | 85.46 | 77.10 | 8.35 | 1,055.63 |
168 | 85.46 | 77.67 | 7.79 | 977.96 |
169 | 85.46 | 78.24 | 7.21 | 899.71 |
170 | 85.46 | 78.82 | 6.64 | 820.89 |
171 | 85.46 | 79.40 | 6.05 | 741.49 |
172 | 85.46 | 79.99 | 5.47 | 661.50 |
173 | 85.46 | 80.58 | 4.88 | 580.93 |
174 | 85.46 | 81.17 | 4.28 | 499.76 |
175 | 85.46 | 81.77 | 3.69 | 417.99 |
176 | 85.46 | 82.37 | 3.08 | 335.61 |
177 | 85.46 | 82.98 | 2.48 | 252.63 |
178 | 85.46 | 83.59 | 1.86 | 169.04 |
179 | 85.46 | 84.21 | 1.25 | 84.83 |
180 | 85.46 | 84.83 | 0.63 | 0.00 |