120.5k Mortgage For 15 Years

What's the monthly mortgage payment for a $120,500 mortgage for 15 years?
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120.5k Mortgage For 15 Years (180 Months). Enter your loan details to view a printable amortization schedule and a payment summary.

  • Loan Amount: Enter total loan amount.
  • Down Payment: Enter the down payment.
  • Interest Rate: Enter the interest rate.
  • Years: Enter the loan length.
Make sure to shop around when choosing a mortgage. A small change in APR can add up to big savings over the course of the loan. For example, the payment of a 15 year fixed 120500 loan at 5.25% is 968.67/month. At 6.25% that mortgage payment jumps to 1,033.19/month. A 15 year fixed loan will have a total of 180 monthly payments. In total, the loan at 6.25% will end up costing $11,614 more than the 5.25% mortgage after 180 payments.

How much is the monthly payment for a 120,500 over 15 years? Browse the table below to view monthly payments based on interest rate.

Monthly Mortgage Payment for a $120,500 Loan over 180 Months

Monthly Payment by Interest Rate (15 Year Loan)
15 Year mortgage Payment
$120,500 mortgage at 1.25%$734.51 per month
$120,500 mortgage at 1.5%$748.00 per month
$120,500 mortgage at 1.75%$761.63 per month
$120,500 mortgage at 2%$775.43 per month
$120,500 mortgage at 2.25%$789.38 per month
$120,500 mortgage at 2.5%$803.48 per month
$120,500 mortgage at 2.75%$817.74 per month
$120,500 mortgage at 3%$832.15 per month
$120,500 mortgage at 3.25%$846.72 per month
$120,500 mortgage at 3.5%$861.43 per month
$120,500 mortgage at 3.75%$876.30 per month
$120,500 mortgage at 4%$891.32 per month
$120,500 mortgage at 4.25%$906.50 per month
$120,500 mortgage at 4.5%$921.82 per month
15 Year mortgage Payment
$120,500 mortgage at 4.75%$937.29 per month
$120,500 mortgage at 5%$952.91 per month
$120,500 mortgage at 5.25%$968.67 per month
$120,500 mortgage at 5.5%$984.59 per month
$120,500 mortgage at 5.75%$1,000.64 per month
$120,500 mortgage at 6%$1,016.85 per month
$120,500 mortgage at 6.25%$1,033.19 per month
$120,500 mortgage at 6.5%$1,049.68 per month
$120,500 mortgage at 6.75%$1,066.32 per month
$120,500 mortgage at 7%$1,083.09 per month
$120,500 mortgage at 7.25%$1,100.00 per month
$120,500 mortgage at 7.5%$1,117.05 per month
$120,500 mortgage at 7.75%$1,134.24 per month
$120,500 mortgage at 8%$1,151.56 per month