248k Mortgage For 15 Years

What's the monthly mortgage payment for a $248,000 mortgage for 15 years?
$
$
%

248k 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 248000 loan at 5.25% is 1,993.62/month. At 6.25% that mortgage payment jumps to 2,126.41/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 $23,903 more than the 5.25% mortgage after 180 payments.

How much is the monthly payment for a 248,000 over 15 years? Browse the table below to view monthly payments based on interest rate.

Monthly Mortgage Payment for a $248,000 Loan over 180 Months

Monthly Payment by Interest Rate (15 Year Loan)
15 Year mortgage Payment
$248,000 mortgage at 1.25%$1,511.69 per month
$248,000 mortgage at 1.5%$1,539.44 per month
$248,000 mortgage at 1.75%$1,567.51 per month
$248,000 mortgage at 2%$1,595.90 per month
$248,000 mortgage at 2.25%$1,624.61 per month
$248,000 mortgage at 2.5%$1,653.64 per month
$248,000 mortgage at 2.75%$1,682.98 per month
$248,000 mortgage at 3%$1,712.64 per month
$248,000 mortgage at 3.25%$1,742.62 per month
$248,000 mortgage at 3.5%$1,772.91 per month
$248,000 mortgage at 3.75%$1,803.51 per month
$248,000 mortgage at 4%$1,834.43 per month
$248,000 mortgage at 4.25%$1,865.65 per month
$248,000 mortgage at 4.5%$1,897.18 per month
15 Year mortgage Payment
$248,000 mortgage at 4.75%$1,929.02 per month
$248,000 mortgage at 5%$1,961.17 per month
$248,000 mortgage at 5.25%$1,993.62 per month
$248,000 mortgage at 5.5%$2,026.37 per month
$248,000 mortgage at 5.75%$2,059.42 per month
$248,000 mortgage at 6%$2,092.76 per month
$248,000 mortgage at 6.25%$2,126.41 per month
$248,000 mortgage at 6.5%$2,160.35 per month
$248,000 mortgage at 6.75%$2,194.58 per month
$248,000 mortgage at 7%$2,229.09 per month
$248,000 mortgage at 7.25%$2,263.90 per month
$248,000 mortgage at 7.5%$2,298.99 per month
$248,000 mortgage at 7.75%$2,334.36 per month
$248,000 mortgage at 8%$2,370.02 per month