Mortgage Loan of $5,500 for 15 Years at 8.875%
What's the payment on a 15 year home loan for $5.5k at 8.875% interest?
Results
Monthly payment: $55.38
$665 per year
What's the monthly payment? Use the loan payment schedule below to view payments each month based on a fixed rate $5.5k 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 5,500 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 | 55.38 | 14.70 | 40.68 | 5,485.30 |
2 | 55.38 | 14.81 | 40.57 | 5,470.49 |
3 | 55.38 | 14.92 | 40.46 | 5,455.58 |
4 | 55.38 | 15.03 | 40.35 | 5,440.55 |
5 | 55.38 | 15.14 | 40.24 | 5,425.41 |
6 | 55.38 | 15.25 | 40.13 | 5,410.16 |
7 | 55.38 | 15.36 | 40.01 | 5,394.79 |
8 | 55.38 | 15.48 | 39.90 | 5,379.32 |
9 | 55.38 | 15.59 | 39.78 | 5,363.72 |
10 | 55.38 | 15.71 | 39.67 | 5,348.02 |
11 | 55.38 | 15.82 | 39.55 | 5,332.19 |
12 | 55.38 | 15.94 | 39.44 | 5,316.25 |
13 | 55.38 | 16.06 | 39.32 | 5,300.19 |
14 | 55.38 | 16.18 | 39.20 | 5,284.02 |
15 | 55.38 | 16.30 | 39.08 | 5,267.72 |
16 | 55.38 | 16.42 | 38.96 | 5,251.30 |
17 | 55.38 | 16.54 | 38.84 | 5,234.76 |
18 | 55.38 | 16.66 | 38.72 | 5,218.10 |
19 | 55.38 | 16.78 | 38.59 | 5,201.32 |
20 | 55.38 | 16.91 | 38.47 | 5,184.41 |
21 | 55.38 | 17.03 | 38.34 | 5,167.38 |
22 | 55.38 | 17.16 | 38.22 | 5,150.22 |
23 | 55.38 | 17.29 | 38.09 | 5,132.93 |
24 | 55.38 | 17.41 | 37.96 | 5,115.52 |
25 | 55.38 | 17.54 | 37.83 | 5,097.98 |
26 | 55.38 | 17.67 | 37.70 | 5,080.30 |
27 | 55.38 | 17.80 | 37.57 | 5,062.50 |
28 | 55.38 | 17.94 | 37.44 | 5,044.56 |
29 | 55.38 | 18.07 | 37.31 | 5,026.50 |
30 | 55.38 | 18.20 | 37.18 | 5,008.30 |
31 | 55.38 | 18.34 | 37.04 | 4,989.96 |
32 | 55.38 | 18.47 | 36.90 | 4,971.49 |
33 | 55.38 | 18.61 | 36.77 | 4,952.88 |
34 | 55.38 | 18.75 | 36.63 | 4,934.13 |
35 | 55.38 | 18.88 | 36.49 | 4,915.25 |
36 | 55.38 | 19.02 | 36.35 | 4,896.23 |
37 | 55.38 | 19.16 | 36.21 | 4,877.06 |
38 | 55.38 | 19.31 | 36.07 | 4,857.75 |
39 | 55.38 | 19.45 | 35.93 | 4,838.31 |
40 | 55.38 | 19.59 | 35.78 | 4,818.71 |
41 | 55.38 | 19.74 | 35.64 | 4,798.97 |
42 | 55.38 | 19.88 | 35.49 | 4,779.09 |
43 | 55.38 | 20.03 | 35.35 | 4,759.06 |
44 | 55.38 | 20.18 | 35.20 | 4,738.88 |
45 | 55.38 | 20.33 | 35.05 | 4,718.55 |
46 | 55.38 | 20.48 | 34.90 | 4,698.07 |
47 | 55.38 | 20.63 | 34.75 | 4,677.44 |
48 | 55.38 | 20.78 | 34.59 | 4,656.66 |
49 | 55.38 | 20.94 | 34.44 | 4,635.72 |
50 | 55.38 | 21.09 | 34.29 | 4,614.63 |
51 | 55.38 | 21.25 | 34.13 | 4,593.38 |
52 | 55.38 | 21.40 | 33.97 | 4,571.98 |
53 | 55.38 | 21.56 | 33.81 | 4,550.42 |
54 | 55.38 | 21.72 | 33.65 | 4,528.69 |
55 | 55.38 | 21.88 | 33.49 | 4,506.81 |
56 | 55.38 | 22.04 | 33.33 | 4,484.77 |
57 | 55.38 | 22.21 | 33.17 | 4,462.56 |
58 | 55.38 | 22.37 | 33.00 | 4,440.19 |
59 | 55.38 | 22.54 | 32.84 | 4,417.65 |
60 | 55.38 | 22.70 | 32.67 | 4,394.94 |
61 | 55.38 | 22.87 | 32.50 | 4,372.07 |
62 | 55.38 | 23.04 | 32.34 | 4,349.03 |
63 | 55.38 | 23.21 | 32.16 | 4,325.82 |
64 | 55.38 | 23.38 | 31.99 | 4,302.44 |
65 | 55.38 | 23.56 | 31.82 | 4,278.88 |
66 | 55.38 | 23.73 | 31.65 | 4,255.15 |
67 | 55.38 | 23.91 | 31.47 | 4,231.24 |
68 | 55.38 | 24.08 | 31.29 | 4,207.16 |
69 | 55.38 | 24.26 | 31.12 | 4,182.90 |
70 | 55.38 | 24.44 | 30.94 | 4,158.46 |
71 | 55.38 | 24.62 | 30.76 | 4,133.84 |
72 | 55.38 | 24.80 | 30.57 | 4,109.03 |
73 | 55.38 | 24.99 | 30.39 | 4,084.05 |
74 | 55.38 | 25.17 | 30.20 | 4,058.88 |
75 | 55.38 | 25.36 | 30.02 | 4,033.52 |
76 | 55.38 | 25.55 | 29.83 | 4,007.97 |
77 | 55.38 | 25.73 | 29.64 | 3,982.24 |
78 | 55.38 | 25.92 | 29.45 | 3,956.32 |
79 | 55.38 | 26.12 | 29.26 | 3,930.20 |
80 | 55.38 | 26.31 | 29.07 | 3,903.89 |
81 | 55.38 | 26.50 | 28.87 | 3,877.39 |
82 | 55.38 | 26.70 | 28.68 | 3,850.69 |
83 | 55.38 | 26.90 | 28.48 | 3,823.79 |
84 | 55.38 | 27.10 | 28.28 | 3,796.69 |
85 | 55.38 | 27.30 | 28.08 | 3,769.40 |
86 | 55.38 | 27.50 | 27.88 | 3,741.90 |
87 | 55.38 | 27.70 | 27.67 | 3,714.19 |
88 | 55.38 | 27.91 | 27.47 | 3,686.29 |
89 | 55.38 | 28.11 | 27.26 | 3,658.17 |
90 | 55.38 | 28.32 | 27.06 | 3,629.85 |
91 | 55.38 | 28.53 | 26.85 | 3,601.32 |
92 | 55.38 | 28.74 | 26.63 | 3,572.58 |
93 | 55.38 | 28.95 | 26.42 | 3,543.63 |
94 | 55.38 | 29.17 | 26.21 | 3,514.46 |
95 | 55.38 | 29.38 | 25.99 | 3,485.07 |
96 | 55.38 | 29.60 | 25.78 | 3,455.47 |
97 | 55.38 | 29.82 | 25.56 | 3,425.65 |
98 | 55.38 | 30.04 | 25.34 | 3,395.61 |
99 | 55.38 | 30.26 | 25.11 | 3,365.35 |
100 | 55.38 | 30.49 | 24.89 | 3,334.86 |
101 | 55.38 | 30.71 | 24.66 | 3,304.15 |
102 | 55.38 | 30.94 | 24.44 | 3,273.21 |
103 | 55.38 | 31.17 | 24.21 | 3,242.04 |
104 | 55.38 | 31.40 | 23.98 | 3,210.64 |
105 | 55.38 | 31.63 | 23.75 | 3,179.01 |
106 | 55.38 | 31.86 | 23.51 | 3,147.15 |
107 | 55.38 | 32.10 | 23.28 | 3,115.05 |
108 | 55.38 | 32.34 | 23.04 | 3,082.71 |
109 | 55.38 | 32.58 | 22.80 | 3,050.13 |
110 | 55.38 | 32.82 | 22.56 | 3,017.31 |
111 | 55.38 | 33.06 | 22.32 | 2,984.25 |
112 | 55.38 | 33.31 | 22.07 | 2,950.95 |
113 | 55.38 | 33.55 | 21.82 | 2,917.40 |
114 | 55.38 | 33.80 | 21.58 | 2,883.60 |
115 | 55.38 | 34.05 | 21.33 | 2,849.55 |
116 | 55.38 | 34.30 | 21.07 | 2,815.24 |
117 | 55.38 | 34.56 | 20.82 | 2,780.69 |
118 | 55.38 | 34.81 | 20.57 | 2,745.88 |
119 | 55.38 | 35.07 | 20.31 | 2,710.81 |
120 | 55.38 | 35.33 | 20.05 | 2,675.48 |
121 | 55.38 | 35.59 | 19.79 | 2,639.89 |
122 | 55.38 | 35.85 | 19.52 | 2,604.04 |
123 | 55.38 | 36.12 | 19.26 | 2,567.92 |
124 | 55.38 | 36.38 | 18.99 | 2,531.54 |
125 | 55.38 | 36.65 | 18.72 | 2,494.88 |
126 | 55.38 | 36.92 | 18.45 | 2,457.96 |
127 | 55.38 | 37.20 | 18.18 | 2,420.76 |
128 | 55.38 | 37.47 | 17.90 | 2,383.29 |
129 | 55.38 | 37.75 | 17.63 | 2,345.54 |
130 | 55.38 | 38.03 | 17.35 | 2,307.51 |
131 | 55.38 | 38.31 | 17.07 | 2,269.20 |
132 | 55.38 | 38.59 | 16.78 | 2,230.61 |
133 | 55.38 | 38.88 | 16.50 | 2,191.73 |
134 | 55.38 | 39.17 | 16.21 | 2,152.56 |
135 | 55.38 | 39.46 | 15.92 | 2,113.10 |
136 | 55.38 | 39.75 | 15.63 | 2,073.36 |
137 | 55.38 | 40.04 | 15.33 | 2,033.31 |
138 | 55.38 | 40.34 | 15.04 | 1,992.97 |
139 | 55.38 | 40.64 | 14.74 | 1,952.34 |
140 | 55.38 | 40.94 | 14.44 | 1,911.40 |
141 | 55.38 | 41.24 | 14.14 | 1,870.16 |
142 | 55.38 | 41.55 | 13.83 | 1,828.62 |
143 | 55.38 | 41.85 | 13.52 | 1,786.76 |
144 | 55.38 | 42.16 | 13.21 | 1,744.60 |
145 | 55.38 | 42.47 | 12.90 | 1,702.13 |
146 | 55.38 | 42.79 | 12.59 | 1,659.34 |
147 | 55.38 | 43.10 | 12.27 | 1,616.24 |
148 | 55.38 | 43.42 | 11.95 | 1,572.81 |
149 | 55.38 | 43.74 | 11.63 | 1,529.07 |
150 | 55.38 | 44.07 | 11.31 | 1,485.00 |
151 | 55.38 | 44.39 | 10.98 | 1,440.61 |
152 | 55.38 | 44.72 | 10.65 | 1,395.89 |
153 | 55.38 | 45.05 | 10.32 | 1,350.83 |
154 | 55.38 | 45.39 | 9.99 | 1,305.45 |
155 | 55.38 | 45.72 | 9.65 | 1,259.73 |
156 | 55.38 | 46.06 | 9.32 | 1,213.67 |
157 | 55.38 | 46.40 | 8.98 | 1,167.27 |
158 | 55.38 | 46.74 | 8.63 | 1,120.52 |
159 | 55.38 | 47.09 | 8.29 | 1,073.43 |
160 | 55.38 | 47.44 | 7.94 | 1,026.00 |
161 | 55.38 | 47.79 | 7.59 | 978.21 |
162 | 55.38 | 48.14 | 7.23 | 930.06 |
163 | 55.38 | 48.50 | 6.88 | 881.57 |
164 | 55.38 | 48.86 | 6.52 | 832.71 |
165 | 55.38 | 49.22 | 6.16 | 783.49 |
166 | 55.38 | 49.58 | 5.79 | 733.91 |
167 | 55.38 | 49.95 | 5.43 | 683.96 |
168 | 55.38 | 50.32 | 5.06 | 633.64 |
169 | 55.38 | 50.69 | 4.69 | 582.95 |
170 | 55.38 | 51.06 | 4.31 | 531.89 |
171 | 55.38 | 51.44 | 3.93 | 480.45 |
172 | 55.38 | 51.82 | 3.55 | 428.62 |
173 | 55.38 | 52.21 | 3.17 | 376.42 |
174 | 55.38 | 52.59 | 2.78 | 323.82 |
175 | 55.38 | 52.98 | 2.39 | 270.84 |
176 | 55.38 | 53.37 | 2.00 | 217.47 |
177 | 55.38 | 53.77 | 1.61 | 163.70 |
178 | 55.38 | 54.17 | 1.21 | 109.54 |
179 | 55.38 | 54.57 | 0.81 | 54.97 |
180 | 55.38 | 54.97 | 0.41 | 0.00 |