120.5k Mortgage For 20 Years

What's the monthly mortgage payment for a $120,500 mortgage for 20 years?
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120.5k Mortgage For 20 Years (240 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 20 year fixed 120500 loan at 5.25% is 811.98/month. At 6.25% that mortgage payment jumps to 880.77/month. A 20 year fixed loan will have a total of 240 monthly payments. In total, the loan at 6.25% will end up costing $16,509 more than the 5.25% mortgage after 240 payments.

How much is the monthly payment for a 120,500 over 20 years? Browse the table below to view monthly payments based on interest rate.

Monthly Mortgage Payment for a $120,500 Loan over 240 Months

Monthly Payment by Interest Rate (20 Year Loan)
20 Year mortgage Payment
$120,500 mortgage at 1.25%$567.72 per month
$120,500 mortgage at 1.5%$581.47 per month
$120,500 mortgage at 1.75%$595.43 per month
$120,500 mortgage at 2%$609.59 per month
$120,500 mortgage at 2.25%$623.96 per month
$120,500 mortgage at 2.5%$638.53 per month
$120,500 mortgage at 2.75%$653.31 per month
$120,500 mortgage at 3%$668.29 per month
$120,500 mortgage at 3.25%$683.47 per month
$120,500 mortgage at 3.5%$698.85 per month
$120,500 mortgage at 3.75%$714.43 per month
$120,500 mortgage at 4%$730.21 per month
$120,500 mortgage at 4.25%$746.18 per month
$120,500 mortgage at 4.5%$762.34 per month
20 Year mortgage Payment
$120,500 mortgage at 4.75%$778.70 per month
$120,500 mortgage at 5%$795.25 per month
$120,500 mortgage at 5.25%$811.98 per month
$120,500 mortgage at 5.5%$828.90 per month
$120,500 mortgage at 5.75%$846.01 per month
$120,500 mortgage at 6%$863.30 per month
$120,500 mortgage at 6.25%$880.77 per month
$120,500 mortgage at 6.5%$898.42 per month
$120,500 mortgage at 6.75%$916.24 per month
$120,500 mortgage at 7%$934.24 per month
$120,500 mortgage at 7.25%$952.40 per month
$120,500 mortgage at 7.5%$970.74 per month
$120,500 mortgage at 7.75%$989.24 per month
$120,500 mortgage at 8%$1,007.91 per month