| What's the payment for a $20,000 mortgage loan at 7%? |
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| How much will my monthly payment be for a 20000 dollar home loan with a 7% APR? Enter your info into the calculator, including the down payment, interest rate, and loan length in years. |
| This can be used for any type of loan, such as a mortgage, car loan, business, real estate, construction, land, credit card debt, or student debt. |
| If interest rates are low, consider getting a refinance. |
| Get multiple quotes when getting a loan. Speak with a local banker, your friends, get a quote online, and compare. Small differences in interest rates can have a huge impact on your total payments. Don't just accept the first offer that you receive. |
| Will I have a lower payment if I have a larger down payment? Yes, try inputting different numbers into the calculator to see the results. |
| Loan Amount Terms | Monthly Payment |
| 20,000 Mortgage Loan at 7% For 1 Year (12 Months) | 1,730.53 |
| 20,000 Mortgage Loan at 7% For 2 Years (24 Months) | 895.45 |
| 20,000 Mortgage Loan at 7% For 3 Years (36 Months) | 617.54 |
| 20,000 Mortgage Loan at 7% For 4 Years (48 Months) | 478.92 |
| 20,000 Mortgage Loan at 7% For 5 Years (60 Months) | 396.02 |
| 20,000 Mortgage Loan at 7% For 6 Years (72 Months) | 340.98 |
| 20,000 Mortgage Loan at 7% For 7 Years (84 Months) | 301.85 |
| 20,000 Mortgage Loan at 7% For 8 Years (96 Months) | 272.67 |
| 20,000 Mortgage Loan at 7% For 9 Years (108 Months) | 250.13 |
| 20,000 Mortgage Loan at 7% For 10 Years (120 Months) | 232.22 |
| 20,000 Mortgage Loan at 7% For 11 Years (132 Months) | 217.68 |
| 20,000 Mortgage Loan at 7% For 12 Years (144 Months) | 205.68 |
| 20,000 Mortgage Loan at 7% For 13 Years (156 Months) | 195.61 |
| 20,000 Mortgage Loan at 7% For 14 Years (168 Months) | 187.08 |
| 20,000 Mortgage Loan at 7% For 15 Years (180 Months) | 179.77 |
| 20,000 Mortgage Loan at 7% For 16 Years (192 Months) | 173.44 |
| 20,000 Mortgage Loan at 7% For 17 Years (204 Months) | 167.93 |
| 20,000 Mortgage Loan at 7% For 18 Years (216 Months) | 163.10 |
| 20,000 Mortgage Loan at 7% For 19 Years (228 Months) | 158.84 |
| 20,000 Mortgage Loan at 7% For 20 Years (240 Months) | 155.06 |
| 20,000 Mortgage Loan at 7% For 21 Years (252 Months) | 151.69 |
| 20,000 Mortgage Loan at 7% For 22 Years (264 Months) | 148.68 |
| 20,000 Mortgage Loan at 7% For 23 Years (276 Months) | 145.98 |
| 20,000 Mortgage Loan at 7% For 24 Years (288 Months) | 143.55 |
| 20,000 Mortgage Loan at 7% For 25 Years (300 Months) | 141.36 |
| 20,000 Mortgage Loan at 7% For 26 Years (312 Months) | 139.37 |
| 20,000 Mortgage Loan at 7% For 27 Years (324 Months) | 137.56 |
| 20,000 Mortgage Loan at 7% For 28 Years (336 Months) | 135.92 |
| 20,000 Mortgage Loan at 7% For 29 Years (348 Months) | 134.43 |
| 20,000 Mortgage Loan at 7% For 30 Years (360 Months) | 133.06 |
| Price | Down Payment | Loan Amount | Rate | Payment |
| 20,000 | 4,000 (20%) | 16,000 | 7.00% | 106.45 |
| 20,000 | 4,000 (20%) | 16,000 | 7.01% | 106.56 |
| 20,000 | 4,000 (20%) | 16,000 | 7.02% | 106.66 |
| 20,000 | 4,000 (20%) | 16,000 | 7.03% | 106.77 |
| 20,000 | 4,000 (20%) | 16,000 | 7.04% | 106.88 |
| 20,000 | 4,000 (20%) | 16,000 | 7.05% | 106.99 |
| 20,000 | 4,000 (20%) | 16,000 | 7.06% | 107.09 |
| 20,000 | 4,000 (20%) | 16,000 | 7.07% | 107.20 |
| 20,000 | 4,000 (20%) | 16,000 | 7.08% | 107.31 |
| 20,000 | 4,000 (20%) | 16,000 | 7.09% | 107.42 |
| 20,000 | 4,000 (20%) | 16,000 | 7.10% | 107.53 |
| 20,000 | 4,000 (20%) | 16,000 | 7.11% | 107.63 |
| 20,000 | 4,000 (20%) | 16,000 | 7.12% | 107.74 |
| 20,000 | 4,000 (20%) | 16,000 | 7.13% | 107.85 |
| 20,000 | 4,000 (20%) | 16,000 | 7.14% | 107.96 |
| 20,000 | 4,000 (20%) | 16,000 | 7.15% | 108.07 |
| 20,000 | 4,000 (20%) | 16,000 | 7.16% | 108.17 |
| 20,000 | 4,000 (20%) | 16,000 | 7.17% | 108.28 |
| 20,000 | 4,000 (20%) | 16,000 | 7.18% | 108.39 |
| 20,000 | 4,000 (20%) | 16,000 | 7.19% | 108.50 |
| 20,000 | 4,000 (20%) | 16,000 | 7.20% | 108.61 |
| 20,000 | 4,000 (20%) | 16,000 | 7.21% | 108.71 |
| 20,000 | 4,000 (20%) | 16,000 | 7.22% | 108.82 |
| 20,000 | 4,000 (20%) | 16,000 | 7.23% | 108.93 |
| 20,000 | 4,000 (20%) | 16,000 | 7.24% | 109.04 |
| 20,000 | 4,000 (20%) | 16,000 | 7.25% | 109.15 |
| 20,000 | 4,000 (20%) | 16,000 | 7.26% | 109.26 |
| 20,000 | 4,000 (20%) | 16,000 | 7.27% | 109.37 |
| 20,000 | 4,000 (20%) | 16,000 | 7.28% | 109.47 |
| 20,000 | 4,000 (20%) | 16,000 | 7.29% | 109.58 |
| 20,000 | 4,000 (20%) | 16,000 | 7.30% | 109.69 |
| 20,000 | 4,000 (20%) | 16,000 | 7.31% | 109.80 |
| 20,000 | 4,000 (20%) | 16,000 | 7.32% | 109.91 |
| 20,000 | 4,000 (20%) | 16,000 | 7.33% | 110.02 |
| 20,000 | 4,000 (20%) | 16,000 | 7.34% | 110.13 |
| 20,000 | 4,000 (20%) | 16,000 | 7.35% | 110.24 |
| 20,000 | 4,000 (20%) | 16,000 | 7.36% | 110.34 |
| 20,000 | 4,000 (20%) | 16,000 | 7.37% | 110.45 |
| 20,000 | 4,000 (20%) | 16,000 | 7.38% | 110.56 |
| 20,000 | 4,000 (20%) | 16,000 | 7.39% | 110.67 |
| 20,000 | 4,000 (20%) | 16,000 | 7.40% | 110.78 |
| 20,000 | 4,000 (20%) | 16,000 | 7.41% | 110.89 |
| 20,000 | 4,000 (20%) | 16,000 | 7.42% | 111.00 |
| 20,000 | 4,000 (20%) | 16,000 | 7.43% | 111.11 |
| 20,000 | 4,000 (20%) | 16,000 | 7.44% | 111.22 |
| 20,000 | 4,000 (20%) | 16,000 | 7.45% | 111.33 |
| 20,000 | 4,000 (20%) | 16,000 | 7.46% | 111.44 |
| 20,000 | 4,000 (20%) | 16,000 | 7.47% | 111.55 |
| 20,000 | 4,000 (20%) | 16,000 | 7.48% | 111.66 |
| 20,000 | 4,000 (20%) | 16,000 | 7.49% | 111.76 |