Mortgage Loan of $8,500 for 15 Years at 8.875%
What's the payment on a 15 year home loan for $8.5k at 8.875% interest?
Results
Monthly payment: $85.58
$1,027 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 8.875 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 | 85.58 | 22.72 | 62.86 | 8,477.28 |
2 | 85.58 | 22.89 | 62.70 | 8,454.40 |
3 | 85.58 | 23.05 | 62.53 | 8,431.34 |
4 | 85.58 | 23.22 | 62.36 | 8,408.12 |
5 | 85.58 | 23.40 | 62.19 | 8,384.72 |
6 | 85.58 | 23.57 | 62.01 | 8,361.15 |
7 | 85.58 | 23.74 | 61.84 | 8,337.41 |
8 | 85.58 | 23.92 | 61.66 | 8,313.49 |
9 | 85.58 | 24.10 | 61.49 | 8,289.39 |
10 | 85.58 | 24.27 | 61.31 | 8,265.12 |
11 | 85.58 | 24.45 | 61.13 | 8,240.66 |
12 | 85.58 | 24.64 | 60.95 | 8,216.03 |
13 | 85.58 | 24.82 | 60.76 | 8,191.21 |
14 | 85.58 | 25.00 | 60.58 | 8,166.21 |
15 | 85.58 | 25.19 | 60.40 | 8,141.02 |
16 | 85.58 | 25.37 | 60.21 | 8,115.65 |
17 | 85.58 | 25.56 | 60.02 | 8,090.09 |
18 | 85.58 | 25.75 | 59.83 | 8,064.34 |
19 | 85.58 | 25.94 | 59.64 | 8,038.40 |
20 | 85.58 | 26.13 | 59.45 | 8,012.27 |
21 | 85.58 | 26.32 | 59.26 | 7,985.95 |
22 | 85.58 | 26.52 | 59.06 | 7,959.43 |
23 | 85.58 | 26.72 | 58.87 | 7,932.71 |
24 | 85.58 | 26.91 | 58.67 | 7,905.80 |
25 | 85.58 | 27.11 | 58.47 | 7,878.69 |
26 | 85.58 | 27.31 | 58.27 | 7,851.38 |
27 | 85.58 | 27.51 | 58.07 | 7,823.86 |
28 | 85.58 | 27.72 | 57.86 | 7,796.14 |
29 | 85.58 | 27.92 | 57.66 | 7,768.22 |
30 | 85.58 | 28.13 | 57.45 | 7,740.09 |
31 | 85.58 | 28.34 | 57.24 | 7,711.76 |
32 | 85.58 | 28.55 | 57.03 | 7,683.21 |
33 | 85.58 | 28.76 | 56.82 | 7,654.45 |
34 | 85.58 | 28.97 | 56.61 | 7,625.48 |
35 | 85.58 | 29.18 | 56.40 | 7,596.30 |
36 | 85.58 | 29.40 | 56.18 | 7,566.89 |
37 | 85.58 | 29.62 | 55.96 | 7,537.28 |
38 | 85.58 | 29.84 | 55.74 | 7,507.44 |
39 | 85.58 | 30.06 | 55.52 | 7,477.38 |
40 | 85.58 | 30.28 | 55.30 | 7,447.10 |
41 | 85.58 | 30.50 | 55.08 | 7,416.60 |
42 | 85.58 | 30.73 | 54.85 | 7,385.87 |
43 | 85.58 | 30.96 | 54.62 | 7,354.91 |
44 | 85.58 | 31.19 | 54.40 | 7,323.72 |
45 | 85.58 | 31.42 | 54.17 | 7,292.31 |
46 | 85.58 | 31.65 | 53.93 | 7,260.66 |
47 | 85.58 | 31.88 | 53.70 | 7,228.77 |
48 | 85.58 | 32.12 | 53.46 | 7,196.66 |
49 | 85.58 | 32.36 | 53.23 | 7,164.30 |
50 | 85.58 | 32.60 | 52.99 | 7,131.70 |
51 | 85.58 | 32.84 | 52.74 | 7,098.87 |
52 | 85.58 | 33.08 | 52.50 | 7,065.79 |
53 | 85.58 | 33.32 | 52.26 | 7,032.46 |
54 | 85.58 | 33.57 | 52.01 | 6,998.89 |
55 | 85.58 | 33.82 | 51.76 | 6,965.07 |
56 | 85.58 | 34.07 | 51.51 | 6,931.00 |
57 | 85.58 | 34.32 | 51.26 | 6,896.68 |
58 | 85.58 | 34.58 | 51.01 | 6,862.11 |
59 | 85.58 | 34.83 | 50.75 | 6,827.28 |
60 | 85.58 | 35.09 | 50.49 | 6,792.19 |
61 | 85.58 | 35.35 | 50.23 | 6,756.84 |
62 | 85.58 | 35.61 | 49.97 | 6,721.23 |
63 | 85.58 | 35.87 | 49.71 | 6,685.36 |
64 | 85.58 | 36.14 | 49.44 | 6,649.22 |
65 | 85.58 | 36.41 | 49.18 | 6,612.81 |
66 | 85.58 | 36.67 | 48.91 | 6,576.14 |
67 | 85.58 | 36.95 | 48.64 | 6,539.19 |
68 | 85.58 | 37.22 | 48.36 | 6,501.98 |
69 | 85.58 | 37.49 | 48.09 | 6,464.48 |
70 | 85.58 | 37.77 | 47.81 | 6,426.71 |
71 | 85.58 | 38.05 | 47.53 | 6,388.66 |
72 | 85.58 | 38.33 | 47.25 | 6,350.33 |
73 | 85.58 | 38.62 | 46.97 | 6,311.71 |
74 | 85.58 | 38.90 | 46.68 | 6,272.81 |
75 | 85.58 | 39.19 | 46.39 | 6,233.62 |
76 | 85.58 | 39.48 | 46.10 | 6,194.14 |
77 | 85.58 | 39.77 | 45.81 | 6,154.37 |
78 | 85.58 | 40.07 | 45.52 | 6,114.31 |
79 | 85.58 | 40.36 | 45.22 | 6,073.94 |
80 | 85.58 | 40.66 | 44.92 | 6,033.28 |
81 | 85.58 | 40.96 | 44.62 | 5,992.32 |
82 | 85.58 | 41.26 | 44.32 | 5,951.06 |
83 | 85.58 | 41.57 | 44.01 | 5,909.49 |
84 | 85.58 | 41.88 | 43.71 | 5,867.62 |
85 | 85.58 | 42.19 | 43.40 | 5,825.43 |
86 | 85.58 | 42.50 | 43.08 | 5,782.93 |
87 | 85.58 | 42.81 | 42.77 | 5,740.12 |
88 | 85.58 | 43.13 | 42.45 | 5,696.99 |
89 | 85.58 | 43.45 | 42.13 | 5,653.54 |
90 | 85.58 | 43.77 | 41.81 | 5,609.77 |
91 | 85.58 | 44.09 | 41.49 | 5,565.68 |
92 | 85.58 | 44.42 | 41.16 | 5,521.26 |
93 | 85.58 | 44.75 | 40.83 | 5,476.51 |
94 | 85.58 | 45.08 | 40.50 | 5,431.44 |
95 | 85.58 | 45.41 | 40.17 | 5,386.02 |
96 | 85.58 | 45.75 | 39.83 | 5,340.28 |
97 | 85.58 | 46.09 | 39.50 | 5,294.19 |
98 | 85.58 | 46.43 | 39.15 | 5,247.76 |
99 | 85.58 | 46.77 | 38.81 | 5,200.99 |
100 | 85.58 | 47.12 | 38.47 | 5,153.88 |
101 | 85.58 | 47.46 | 38.12 | 5,106.41 |
102 | 85.58 | 47.82 | 37.77 | 5,058.60 |
103 | 85.58 | 48.17 | 37.41 | 5,010.43 |
104 | 85.58 | 48.53 | 37.06 | 4,961.90 |
105 | 85.58 | 48.88 | 36.70 | 4,913.02 |
106 | 85.58 | 49.25 | 36.34 | 4,863.77 |
107 | 85.58 | 49.61 | 35.97 | 4,814.16 |
108 | 85.58 | 49.98 | 35.60 | 4,764.19 |
109 | 85.58 | 50.35 | 35.24 | 4,713.84 |
110 | 85.58 | 50.72 | 34.86 | 4,663.12 |
111 | 85.58 | 51.09 | 34.49 | 4,612.03 |
112 | 85.58 | 51.47 | 34.11 | 4,560.55 |
113 | 85.58 | 51.85 | 33.73 | 4,508.70 |
114 | 85.58 | 52.24 | 33.35 | 4,456.47 |
115 | 85.58 | 52.62 | 32.96 | 4,403.84 |
116 | 85.58 | 53.01 | 32.57 | 4,350.83 |
117 | 85.58 | 53.40 | 32.18 | 4,297.43 |
118 | 85.58 | 53.80 | 31.78 | 4,243.63 |
119 | 85.58 | 54.20 | 31.39 | 4,189.43 |
120 | 85.58 | 54.60 | 30.98 | 4,134.84 |
121 | 85.58 | 55.00 | 30.58 | 4,079.83 |
122 | 85.58 | 55.41 | 30.17 | 4,024.43 |
123 | 85.58 | 55.82 | 29.76 | 3,968.61 |
124 | 85.58 | 56.23 | 29.35 | 3,912.38 |
125 | 85.58 | 56.65 | 28.94 | 3,855.73 |
126 | 85.58 | 57.07 | 28.52 | 3,798.67 |
127 | 85.58 | 57.49 | 28.09 | 3,741.18 |
128 | 85.58 | 57.91 | 27.67 | 3,683.27 |
129 | 85.58 | 58.34 | 27.24 | 3,624.92 |
130 | 85.58 | 58.77 | 26.81 | 3,566.15 |
131 | 85.58 | 59.21 | 26.37 | 3,506.95 |
132 | 85.58 | 59.64 | 25.94 | 3,447.30 |
133 | 85.58 | 60.09 | 25.50 | 3,387.21 |
134 | 85.58 | 60.53 | 25.05 | 3,326.68 |
135 | 85.58 | 60.98 | 24.60 | 3,265.71 |
136 | 85.58 | 61.43 | 24.15 | 3,204.28 |
137 | 85.58 | 61.88 | 23.70 | 3,142.39 |
138 | 85.58 | 62.34 | 23.24 | 3,080.05 |
139 | 85.58 | 62.80 | 22.78 | 3,017.25 |
140 | 85.58 | 63.27 | 22.32 | 2,953.98 |
141 | 85.58 | 63.73 | 21.85 | 2,890.25 |
142 | 85.58 | 64.21 | 21.38 | 2,826.04 |
143 | 85.58 | 64.68 | 20.90 | 2,761.36 |
144 | 85.58 | 65.16 | 20.42 | 2,696.20 |
145 | 85.58 | 65.64 | 19.94 | 2,630.56 |
146 | 85.58 | 66.13 | 19.46 | 2,564.43 |
147 | 85.58 | 66.62 | 18.97 | 2,497.82 |
148 | 85.58 | 67.11 | 18.47 | 2,430.71 |
149 | 85.58 | 67.60 | 17.98 | 2,363.11 |
150 | 85.58 | 68.10 | 17.48 | 2,295.00 |
151 | 85.58 | 68.61 | 16.97 | 2,226.39 |
152 | 85.58 | 69.12 | 16.47 | 2,157.28 |
153 | 85.58 | 69.63 | 15.95 | 2,087.65 |
154 | 85.58 | 70.14 | 15.44 | 2,017.51 |
155 | 85.58 | 70.66 | 14.92 | 1,946.85 |
156 | 85.58 | 71.18 | 14.40 | 1,875.67 |
157 | 85.58 | 71.71 | 13.87 | 1,803.96 |
158 | 85.58 | 72.24 | 13.34 | 1,731.72 |
159 | 85.58 | 72.77 | 12.81 | 1,658.94 |
160 | 85.58 | 73.31 | 12.27 | 1,585.63 |
161 | 85.58 | 73.85 | 11.73 | 1,511.77 |
162 | 85.58 | 74.40 | 11.18 | 1,437.37 |
163 | 85.58 | 74.95 | 10.63 | 1,362.42 |
164 | 85.58 | 75.51 | 10.08 | 1,286.92 |
165 | 85.58 | 76.06 | 9.52 | 1,210.85 |
166 | 85.58 | 76.63 | 8.96 | 1,134.23 |
167 | 85.58 | 77.19 | 8.39 | 1,057.03 |
168 | 85.58 | 77.76 | 7.82 | 979.27 |
169 | 85.58 | 78.34 | 7.24 | 900.93 |
170 | 85.58 | 78.92 | 6.66 | 822.01 |
171 | 85.58 | 79.50 | 6.08 | 742.51 |
172 | 85.58 | 80.09 | 5.49 | 662.42 |
173 | 85.58 | 80.68 | 4.90 | 581.74 |
174 | 85.58 | 81.28 | 4.30 | 500.46 |
175 | 85.58 | 81.88 | 3.70 | 418.58 |
176 | 85.58 | 82.49 | 3.10 | 336.09 |
177 | 85.58 | 83.10 | 2.49 | 252.99 |
178 | 85.58 | 83.71 | 1.87 | 169.28 |
179 | 85.58 | 84.33 | 1.25 | 84.95 |
180 | 85.58 | 84.95 | 0.63 | 0.00 |