Mortgage Loan of $245,000 for 15 Years at 8.875%

What's the payment on a 15 year home loan for $245k at 8.875% interest?

Loan Amount

Length

Interest Rate

Results

Monthly payment: $2,466.77

$29,601 per year

What's the monthly payment? Use the loan payment schedule below to view payments each month based on a fixed rate $245k 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 245,000 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	2,466.77	654.79	1,811.98	244,345.21
2	2,466.77	659.63	1,807.14	243,685.58
3	2,466.77	664.51	1,802.26	243,021.07
4	2,466.77	669.42	1,797.34	242,351.64
5	2,466.77	674.38	1,792.39	241,677.27
6	2,466.77	679.36	1,787.40	240,997.91
7	2,466.77	684.39	1,782.38	240,313.52
8	2,466.77	689.45	1,777.32	239,624.07
9	2,466.77	694.55	1,772.22	238,929.52
10	2,466.77	699.69	1,767.08	238,229.84
11	2,466.77	704.86	1,761.91	237,524.98
12	2,466.77	710.07	1,756.70	236,814.90
13	2,466.77	715.32	1,751.44	236,099.58
14	2,466.77	720.61	1,746.15	235,378.96
15	2,466.77	725.94	1,740.82	234,653.02
16	2,466.77	731.31	1,735.45	233,921.71
17	2,466.77	736.72	1,730.05	233,184.98
18	2,466.77	742.17	1,724.60	232,442.81
19	2,466.77	747.66	1,719.11	231,695.15
20	2,466.77	753.19	1,713.58	230,941.96
21	2,466.77	758.76	1,708.01	230,183.20
22	2,466.77	764.37	1,702.40	229,418.83
23	2,466.77	770.02	1,696.74	228,648.81
24	2,466.77	775.72	1,691.05	227,873.09
25	2,466.77	781.46	1,685.31	227,091.63
26	2,466.77	787.24	1,679.53	226,304.40
27	2,466.77	793.06	1,673.71	225,511.34
28	2,466.77	798.92	1,667.84	224,712.41
29	2,466.77	804.83	1,661.94	223,907.58
30	2,466.77	810.78	1,655.98	223,096.80
31	2,466.77	816.78	1,649.99	222,280.02
32	2,466.77	822.82	1,643.95	221,457.19
33	2,466.77	828.91	1,637.86	220,628.29
34	2,466.77	835.04	1,631.73	219,793.25
35	2,466.77	841.21	1,625.55	218,952.03
36	2,466.77	847.44	1,619.33	218,104.60
37	2,466.77	853.70	1,613.07	217,250.90
38	2,466.77	860.02	1,606.75	216,390.88
39	2,466.77	866.38	1,600.39	215,524.50
40	2,466.77	872.78	1,593.98	214,651.72
41	2,466.77	879.24	1,587.53	213,772.48
42	2,466.77	885.74	1,581.03	212,886.74
43	2,466.77	892.29	1,574.47	211,994.44
44	2,466.77	898.89	1,567.88	211,095.55
45	2,466.77	905.54	1,561.23	210,190.01
46	2,466.77	912.24	1,554.53	209,277.77
47	2,466.77	918.98	1,547.78	208,358.79
48	2,466.77	925.78	1,540.99	207,433.01
49	2,466.77	932.63	1,534.14	206,500.38
50	2,466.77	939.53	1,527.24	205,560.85
51	2,466.77	946.47	1,520.29	204,614.38
52	2,466.77	953.47	1,513.29	203,660.90
53	2,466.77	960.53	1,506.24	202,700.38
54	2,466.77	967.63	1,499.14	201,732.75
55	2,466.77	974.79	1,491.98	200,757.96
56	2,466.77	982.00	1,484.77	199,775.97
57	2,466.77	989.26	1,477.51	198,786.71
58	2,466.77	996.57	1,470.19	197,790.13
59	2,466.77	1,003.95	1,462.82	196,786.19
60	2,466.77	1,011.37	1,455.40	195,774.82
61	2,466.77	1,018.85	1,447.92	194,755.97
62	2,466.77	1,026.39	1,440.38	193,729.58
63	2,466.77	1,033.98	1,432.79	192,695.61
64	2,466.77	1,041.62	1,425.14	191,653.98
65	2,466.77	1,049.33	1,417.44	190,604.66
66	2,466.77	1,057.09	1,409.68	189,547.57
67	2,466.77	1,064.91	1,401.86	188,482.66
68	2,466.77	1,072.78	1,393.99	187,409.88
69	2,466.77	1,080.72	1,386.05	186,329.17
70	2,466.77	1,088.71	1,378.06	185,240.46
71	2,466.77	1,096.76	1,370.01	184,143.70
72	2,466.77	1,104.87	1,361.90	183,038.83
73	2,466.77	1,113.04	1,353.72	181,925.78
74	2,466.77	1,121.28	1,345.49	180,804.51
75	2,466.77	1,129.57	1,337.20	179,674.94
76	2,466.77	1,137.92	1,328.85	178,537.02
77	2,466.77	1,146.34	1,320.43	177,390.68
78	2,466.77	1,154.82	1,311.95	176,235.86
79	2,466.77	1,163.36	1,303.41	175,072.51
80	2,466.77	1,171.96	1,294.81	173,900.54
81	2,466.77	1,180.63	1,286.14	172,719.92
82	2,466.77	1,189.36	1,277.41	171,530.56
83	2,466.77	1,198.16	1,268.61	170,332.40
84	2,466.77	1,207.02	1,259.75	169,125.38
85	2,466.77	1,215.94	1,250.82	167,909.44
86	2,466.77	1,224.94	1,241.83	166,684.50
87	2,466.77	1,234.00	1,232.77	165,450.50
88	2,466.77	1,243.12	1,223.64	164,207.38
89	2,466.77	1,252.32	1,214.45	162,955.06
90	2,466.77	1,261.58	1,205.19	161,693.48
91	2,466.77	1,270.91	1,195.86	160,422.57
92	2,466.77	1,280.31	1,186.46	159,142.26
93	2,466.77	1,289.78	1,176.99	157,852.48
94	2,466.77	1,299.32	1,167.45	156,553.17
95	2,466.77	1,308.93	1,157.84	155,244.24
96	2,466.77	1,318.61	1,148.16	153,925.63
97	2,466.77	1,328.36	1,138.41	152,597.27
98	2,466.77	1,338.18	1,128.58	151,259.09
99	2,466.77	1,348.08	1,118.69	149,911.01
100	2,466.77	1,358.05	1,108.72	148,552.96
101	2,466.77	1,368.10	1,098.67	147,184.86
102	2,466.77	1,378.21	1,088.55	145,806.65
103	2,466.77	1,388.41	1,078.36	144,418.24
104	2,466.77	1,398.67	1,068.09	143,019.57
105	2,466.77	1,409.02	1,057.75	141,610.55
106	2,466.77	1,419.44	1,047.33	140,191.11
107	2,466.77	1,429.94	1,036.83	138,761.17
108	2,466.77	1,440.51	1,026.25	137,320.66
109	2,466.77	1,451.17	1,015.60	135,869.49
110	2,466.77	1,461.90	1,004.87	134,407.59
111	2,466.77	1,472.71	994.06	132,934.88
112	2,466.77	1,483.60	983.16	131,451.27
113	2,466.77	1,494.58	972.19	129,956.70
114	2,466.77	1,505.63	961.14	128,451.07
115	2,466.77	1,516.77	950.00	126,934.30
116	2,466.77	1,527.98	938.78	125,406.32
117	2,466.77	1,539.28	927.48	123,867.03
118	2,466.77	1,550.67	916.10	122,316.37
119	2,466.77	1,562.14	904.63	120,754.23
120	2,466.77	1,573.69	893.08	119,180.54
121	2,466.77	1,585.33	881.44	117,595.21
122	2,466.77	1,597.05	869.71	115,998.16
123	2,466.77	1,608.86	857.90	114,389.29
124	2,466.77	1,620.76	846.00	112,768.53
125	2,466.77	1,632.75	834.02	111,135.78
126	2,466.77	1,644.83	821.94	109,490.95
127	2,466.77	1,656.99	809.78	107,833.96
128	2,466.77	1,669.25	797.52	106,164.72
129	2,466.77	1,681.59	785.18	104,483.12
130	2,466.77	1,694.03	772.74	102,789.10
131	2,466.77	1,706.56	760.21	101,082.54
132	2,466.77	1,719.18	747.59	99,363.36
133	2,466.77	1,731.89	734.87	97,631.47
134	2,466.77	1,744.70	722.07	95,886.76
135	2,466.77	1,757.61	709.16	94,129.16
136	2,466.77	1,770.60	696.16	92,358.56
137	2,466.77	1,783.70	683.07	90,574.86
138	2,466.77	1,796.89	669.88	88,777.96
139	2,466.77	1,810.18	656.59	86,967.78
140	2,466.77	1,823.57	643.20	85,144.21
141	2,466.77	1,837.06	629.71	83,307.16
142	2,466.77	1,850.64	616.13	81,456.52
143	2,466.77	1,864.33	602.44	79,592.19
144	2,466.77	1,878.12	588.65	77,714.07
145	2,466.77	1,892.01	574.76	75,822.06
146	2,466.77	1,906.00	560.77	73,916.06
147	2,466.77	1,920.10	546.67	71,995.96
148	2,466.77	1,934.30	532.47	70,061.67
149	2,466.77	1,948.60	518.16	68,113.06
150	2,466.77	1,963.02	503.75	66,150.05
151	2,466.77	1,977.53	489.23	64,172.51
152	2,466.77	1,992.16	474.61	62,180.36
153	2,466.77	2,006.89	459.88	60,173.46
154	2,466.77	2,021.74	445.03	58,151.73
155	2,466.77	2,036.69	430.08	56,115.04
156	2,466.77	2,051.75	415.02	54,063.29
157	2,466.77	2,066.92	399.84	51,996.37
158	2,466.77	2,082.21	384.56	49,914.15
159	2,466.77	2,097.61	369.16	47,816.54
160	2,466.77	2,113.12	353.64	45,703.42
161	2,466.77	2,128.75	338.01	43,574.66
162	2,466.77	2,144.50	322.27	41,430.17
163	2,466.77	2,160.36	306.41	39,269.81
164	2,466.77	2,176.34	290.43	37,093.48
165	2,466.77	2,192.43	274.34	34,901.04
166	2,466.77	2,208.65	258.12	32,692.40
167	2,466.77	2,224.98	241.79	30,467.42
168	2,466.77	2,241.44	225.33	28,225.98
169	2,466.77	2,258.01	208.75	25,967.97
170	2,466.77	2,274.71	192.05	23,693.26
171	2,466.77	2,291.54	175.23	21,401.72
172	2,466.77	2,308.48	158.28	19,093.23
173	2,466.77	2,325.56	141.21	16,767.68
174	2,466.77	2,342.76	124.01	14,424.92
175	2,466.77	2,360.08	106.68	12,064.84
176	2,466.77	2,377.54	89.23	9,687.30
177	2,466.77	2,395.12	71.65	7,292.18
178	2,466.77	2,412.84	53.93	4,879.34
179	2,466.77	2,430.68	36.09	2,448.66
180	2,466.77	2,448.66	18.11	0.00