| What's the payment for a $20,000 mortgage loan at 8%? |
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| How much will my monthly payment be for a 20000 dollar home loan with a 8% 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 8% For 1 Year (12 Months) | 1,739.77 |
| 20,000 Mortgage Loan at 8% For 2 Years (24 Months) | 904.55 |
| 20,000 Mortgage Loan at 8% For 3 Years (36 Months) | 626.73 |
| 20,000 Mortgage Loan at 8% For 4 Years (48 Months) | 488.26 |
| 20,000 Mortgage Loan at 8% For 5 Years (60 Months) | 405.53 |
| 20,000 Mortgage Loan at 8% For 6 Years (72 Months) | 350.66 |
| 20,000 Mortgage Loan at 8% For 7 Years (84 Months) | 311.72 |
| 20,000 Mortgage Loan at 8% For 8 Years (96 Months) | 282.73 |
| 20,000 Mortgage Loan at 8% For 9 Years (108 Months) | 260.37 |
| 20,000 Mortgage Loan at 8% For 10 Years (120 Months) | 242.66 |
| 20,000 Mortgage Loan at 8% For 11 Years (132 Months) | 228.31 |
| 20,000 Mortgage Loan at 8% For 12 Years (144 Months) | 216.49 |
| 20,000 Mortgage Loan at 8% For 13 Years (156 Months) | 206.61 |
| 20,000 Mortgage Loan at 8% For 14 Years (168 Months) | 198.26 |
| 20,000 Mortgage Loan at 8% For 15 Years (180 Months) | 191.13 |
| 20,000 Mortgage Loan at 8% For 16 Years (192 Months) | 184.99 |
| 20,000 Mortgage Loan at 8% For 17 Years (204 Months) | 179.65 |
| 20,000 Mortgage Loan at 8% For 18 Years (216 Months) | 174.99 |
| 20,000 Mortgage Loan at 8% For 19 Years (228 Months) | 170.90 |
| 20,000 Mortgage Loan at 8% For 20 Years (240 Months) | 167.29 |
| 20,000 Mortgage Loan at 8% For 21 Years (252 Months) | 164.09 |
| 20,000 Mortgage Loan at 8% For 22 Years (264 Months) | 161.24 |
| 20,000 Mortgage Loan at 8% For 23 Years (276 Months) | 158.69 |
| 20,000 Mortgage Loan at 8% For 24 Years (288 Months) | 156.41 |
| 20,000 Mortgage Loan at 8% For 25 Years (300 Months) | 154.36 |
| 20,000 Mortgage Loan at 8% For 26 Years (312 Months) | 152.52 |
| 20,000 Mortgage Loan at 8% For 27 Years (324 Months) | 150.86 |
| 20,000 Mortgage Loan at 8% For 28 Years (336 Months) | 149.35 |
| 20,000 Mortgage Loan at 8% For 29 Years (348 Months) | 147.99 |
| 20,000 Mortgage Loan at 8% For 30 Years (360 Months) | 146.75 |
| Price | Down Payment | Loan Amount | Rate | Payment |
| 20,000 | 4,000 (20%) | 16,000 | 8.00% | 117.40 |
| 20,000 | 4,000 (20%) | 16,000 | 8.01% | 117.51 |
| 20,000 | 4,000 (20%) | 16,000 | 8.02% | 117.63 |
| 20,000 | 4,000 (20%) | 16,000 | 8.03% | 117.74 |
| 20,000 | 4,000 (20%) | 16,000 | 8.04% | 117.85 |
| 20,000 | 4,000 (20%) | 16,000 | 8.05% | 117.96 |
| 20,000 | 4,000 (20%) | 16,000 | 8.06% | 118.07 |
| 20,000 | 4,000 (20%) | 16,000 | 8.07% | 118.18 |
| 20,000 | 4,000 (20%) | 16,000 | 8.08% | 118.30 |
| 20,000 | 4,000 (20%) | 16,000 | 8.09% | 118.41 |
| 20,000 | 4,000 (20%) | 16,000 | 8.10% | 118.52 |
| 20,000 | 4,000 (20%) | 16,000 | 8.11% | 118.63 |
| 20,000 | 4,000 (20%) | 16,000 | 8.12% | 118.74 |
| 20,000 | 4,000 (20%) | 16,000 | 8.13% | 118.86 |
| 20,000 | 4,000 (20%) | 16,000 | 8.14% | 118.97 |
| 20,000 | 4,000 (20%) | 16,000 | 8.15% | 119.08 |
| 20,000 | 4,000 (20%) | 16,000 | 8.16% | 119.19 |
| 20,000 | 4,000 (20%) | 16,000 | 8.17% | 119.30 |
| 20,000 | 4,000 (20%) | 16,000 | 8.18% | 119.42 |
| 20,000 | 4,000 (20%) | 16,000 | 8.19% | 119.53 |
| 20,000 | 4,000 (20%) | 16,000 | 8.20% | 119.64 |
| 20,000 | 4,000 (20%) | 16,000 | 8.21% | 119.75 |
| 20,000 | 4,000 (20%) | 16,000 | 8.22% | 119.87 |
| 20,000 | 4,000 (20%) | 16,000 | 8.23% | 119.98 |
| 20,000 | 4,000 (20%) | 16,000 | 8.24% | 120.09 |
| 20,000 | 4,000 (20%) | 16,000 | 8.25% | 120.20 |
| 20,000 | 4,000 (20%) | 16,000 | 8.26% | 120.32 |
| 20,000 | 4,000 (20%) | 16,000 | 8.27% | 120.43 |
| 20,000 | 4,000 (20%) | 16,000 | 8.28% | 120.54 |
| 20,000 | 4,000 (20%) | 16,000 | 8.29% | 120.65 |
| 20,000 | 4,000 (20%) | 16,000 | 8.30% | 120.77 |
| 20,000 | 4,000 (20%) | 16,000 | 8.31% | 120.88 |
| 20,000 | 4,000 (20%) | 16,000 | 8.32% | 120.99 |
| 20,000 | 4,000 (20%) | 16,000 | 8.33% | 121.10 |
| 20,000 | 4,000 (20%) | 16,000 | 8.34% | 121.22 |
| 20,000 | 4,000 (20%) | 16,000 | 8.35% | 121.33 |
| 20,000 | 4,000 (20%) | 16,000 | 8.36% | 121.44 |
| 20,000 | 4,000 (20%) | 16,000 | 8.37% | 121.56 |
| 20,000 | 4,000 (20%) | 16,000 | 8.38% | 121.67 |
| 20,000 | 4,000 (20%) | 16,000 | 8.39% | 121.78 |
| 20,000 | 4,000 (20%) | 16,000 | 8.40% | 121.89 |
| 20,000 | 4,000 (20%) | 16,000 | 8.41% | 122.01 |
| 20,000 | 4,000 (20%) | 16,000 | 8.42% | 122.12 |
| 20,000 | 4,000 (20%) | 16,000 | 8.43% | 122.23 |
| 20,000 | 4,000 (20%) | 16,000 | 8.44% | 122.35 |
| 20,000 | 4,000 (20%) | 16,000 | 8.45% | 122.46 |
| 20,000 | 4,000 (20%) | 16,000 | 8.46% | 122.57 |
| 20,000 | 4,000 (20%) | 16,000 | 8.47% | 122.69 |
| 20,000 | 4,000 (20%) | 16,000 | 8.48% | 122.80 |
| 20,000 | 4,000 (20%) | 16,000 | 8.49% | 122.91 |