| What's the payment for a $20,000 mortgage loan at 8.5%? |
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| How much will my monthly payment be for a 20000 dollar home loan with a 8.5% 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 8.5% For 1 Year (12 Months) | 1,744.40 |
| 20,000 Mortgage Loan at 8.5% For 2 Years (24 Months) | 909.11 |
| 20,000 Mortgage Loan at 8.5% For 3 Years (36 Months) | 631.35 |
| 20,000 Mortgage Loan at 8.5% For 4 Years (48 Months) | 492.97 |
| 20,000 Mortgage Loan at 8.5% For 5 Years (60 Months) | 410.33 |
| 20,000 Mortgage Loan at 8.5% For 6 Years (72 Months) | 355.57 |
| 20,000 Mortgage Loan at 8.5% For 7 Years (84 Months) | 316.73 |
| 20,000 Mortgage Loan at 8.5% For 8 Years (96 Months) | 287.84 |
| 20,000 Mortgage Loan at 8.5% For 9 Years (108 Months) | 265.59 |
| 20,000 Mortgage Loan at 8.5% For 10 Years (120 Months) | 247.97 |
| 20,000 Mortgage Loan at 8.5% For 11 Years (132 Months) | 233.73 |
| 20,000 Mortgage Loan at 8.5% For 12 Years (144 Months) | 222.01 |
| 20,000 Mortgage Loan at 8.5% For 13 Years (156 Months) | 212.24 |
| 20,000 Mortgage Loan at 8.5% For 14 Years (168 Months) | 203.98 |
| 20,000 Mortgage Loan at 8.5% For 15 Years (180 Months) | 196.95 |
| 20,000 Mortgage Loan at 8.5% For 16 Years (192 Months) | 190.90 |
| 20,000 Mortgage Loan at 8.5% For 17 Years (204 Months) | 185.66 |
| 20,000 Mortgage Loan at 8.5% For 18 Years (216 Months) | 181.09 |
| 20,000 Mortgage Loan at 8.5% For 19 Years (228 Months) | 177.09 |
| 20,000 Mortgage Loan at 8.5% For 20 Years (240 Months) | 173.56 |
| 20,000 Mortgage Loan at 8.5% For 21 Years (252 Months) | 170.45 |
| 20,000 Mortgage Loan at 8.5% For 22 Years (264 Months) | 167.68 |
| 20,000 Mortgage Loan at 8.5% For 23 Years (276 Months) | 165.22 |
| 20,000 Mortgage Loan at 8.5% For 24 Years (288 Months) | 163.02 |
| 20,000 Mortgage Loan at 8.5% For 25 Years (300 Months) | 161.05 |
| 20,000 Mortgage Loan at 8.5% For 26 Years (312 Months) | 159.28 |
| 20,000 Mortgage Loan at 8.5% For 27 Years (324 Months) | 157.68 |
| 20,000 Mortgage Loan at 8.5% For 28 Years (336 Months) | 156.25 |
| 20,000 Mortgage Loan at 8.5% For 29 Years (348 Months) | 154.95 |
| 20,000 Mortgage Loan at 8.5% For 30 Years (360 Months) | 153.78 |
| Price | Down Payment | Loan Amount | Rate | Payment |
| 20,000 | 4,000 (20%) | 16,000 | 8.50% | 123.03 |
| 20,000 | 4,000 (20%) | 16,000 | 8.51% | 123.14 |
| 20,000 | 4,000 (20%) | 16,000 | 8.52% | 123.25 |
| 20,000 | 4,000 (20%) | 16,000 | 8.53% | 123.37 |
| 20,000 | 4,000 (20%) | 16,000 | 8.54% | 123.48 |
| 20,000 | 4,000 (20%) | 16,000 | 8.55% | 123.59 |
| 20,000 | 4,000 (20%) | 16,000 | 8.56% | 123.71 |
| 20,000 | 4,000 (20%) | 16,000 | 8.57% | 123.82 |
| 20,000 | 4,000 (20%) | 16,000 | 8.58% | 123.93 |
| 20,000 | 4,000 (20%) | 16,000 | 8.59% | 124.05 |
| 20,000 | 4,000 (20%) | 16,000 | 8.60% | 124.16 |
| 20,000 | 4,000 (20%) | 16,000 | 8.61% | 124.28 |
| 20,000 | 4,000 (20%) | 16,000 | 8.62% | 124.39 |
| 20,000 | 4,000 (20%) | 16,000 | 8.63% | 124.50 |
| 20,000 | 4,000 (20%) | 16,000 | 8.64% | 124.62 |
| 20,000 | 4,000 (20%) | 16,000 | 8.65% | 124.73 |
| 20,000 | 4,000 (20%) | 16,000 | 8.66% | 124.85 |
| 20,000 | 4,000 (20%) | 16,000 | 8.67% | 124.96 |
| 20,000 | 4,000 (20%) | 16,000 | 8.68% | 125.07 |
| 20,000 | 4,000 (20%) | 16,000 | 8.69% | 125.19 |
| 20,000 | 4,000 (20%) | 16,000 | 8.70% | 125.30 |
| 20,000 | 4,000 (20%) | 16,000 | 8.71% | 125.42 |
| 20,000 | 4,000 (20%) | 16,000 | 8.72% | 125.53 |
| 20,000 | 4,000 (20%) | 16,000 | 8.73% | 125.64 |
| 20,000 | 4,000 (20%) | 16,000 | 8.74% | 125.76 |
| 20,000 | 4,000 (20%) | 16,000 | 8.75% | 125.87 |
| 20,000 | 4,000 (20%) | 16,000 | 8.76% | 125.99 |
| 20,000 | 4,000 (20%) | 16,000 | 8.77% | 126.10 |
| 20,000 | 4,000 (20%) | 16,000 | 8.78% | 126.22 |
| 20,000 | 4,000 (20%) | 16,000 | 8.79% | 126.33 |
| 20,000 | 4,000 (20%) | 16,000 | 8.80% | 126.44 |
| 20,000 | 4,000 (20%) | 16,000 | 8.81% | 126.56 |
| 20,000 | 4,000 (20%) | 16,000 | 8.82% | 126.67 |
| 20,000 | 4,000 (20%) | 16,000 | 8.83% | 126.79 |
| 20,000 | 4,000 (20%) | 16,000 | 8.84% | 126.90 |
| 20,000 | 4,000 (20%) | 16,000 | 8.85% | 127.02 |
| 20,000 | 4,000 (20%) | 16,000 | 8.86% | 127.13 |
| 20,000 | 4,000 (20%) | 16,000 | 8.87% | 127.25 |
| 20,000 | 4,000 (20%) | 16,000 | 8.88% | 127.36 |
| 20,000 | 4,000 (20%) | 16,000 | 8.89% | 127.48 |
| 20,000 | 4,000 (20%) | 16,000 | 8.90% | 127.59 |
| 20,000 | 4,000 (20%) | 16,000 | 8.91% | 127.70 |
| 20,000 | 4,000 (20%) | 16,000 | 8.92% | 127.82 |
| 20,000 | 4,000 (20%) | 16,000 | 8.93% | 127.93 |
| 20,000 | 4,000 (20%) | 16,000 | 8.94% | 128.05 |
| 20,000 | 4,000 (20%) | 16,000 | 8.95% | 128.16 |
| 20,000 | 4,000 (20%) | 16,000 | 8.96% | 128.28 |
| 20,000 | 4,000 (20%) | 16,000 | 8.97% | 128.39 |
| 20,000 | 4,000 (20%) | 16,000 | 8.98% | 128.51 |
| 20,000 | 4,000 (20%) | 16,000 | 8.99% | 128.62 |