$245,000 Mortgage at 5.5% Interest

What is the monthly payment of a 245,000 dollar loan at 5.5 percent? (adjust inputs to calculate new loan)
$
$
%
%
years

How much is the monthly payment for a 30 year mortgage at 5.5% interest? This does not include a down payment.
Amount Payment
245,0001,391.08
245,0101,391.14
245,0201,391.20
245,0301,391.25
245,0401,391.31
245,0501,391.37
245,0601,391.42
245,0701,391.48
245,0801,391.54
245,0901,391.59
245,1001,391.65
245,1101,391.71
245,1201,391.76
245,1301,391.82
245,1401,391.88
245,1501,391.93
245,1601,391.99
245,1701,392.05
245,1801,392.11
245,1901,392.16
245,2001,392.22
245,2101,392.28
245,2201,392.33
245,2301,392.39
245,2401,392.45
245,2501,392.50
245,2601,392.56
245,2701,392.62
245,2801,392.67
245,2901,392.73
245,3001,392.79
245,3101,392.84
245,3201,392.90
245,3301,392.96
245,3401,393.01
245,3501,393.07
245,3601,393.13
245,3701,393.18
245,3801,393.24
245,3901,393.30
245,4001,393.35
245,4101,393.41
245,4201,393.47
245,4301,393.52
245,4401,393.58
245,4501,393.64
245,4601,393.69
245,4701,393.75
245,4801,393.81
245,4901,393.87
245,5001,393.92
245,5101,393.98
245,5201,394.04
245,5301,394.09
245,5401,394.15
245,5501,394.21
245,5601,394.26
245,5701,394.32
245,5801,394.38
245,5901,394.43
245,6001,394.49
245,6101,394.55
245,6201,394.60
245,6301,394.66
245,6401,394.72
245,6501,394.77
245,6601,394.83
245,6701,394.89
245,6801,394.94
245,6901,395.00
245,7001,395.06
245,7101,395.11
245,7201,395.17
245,7301,395.23
245,7401,395.28
245,7501,395.34
245,7601,395.40
245,7701,395.46
245,7801,395.51
245,7901,395.57
245,8001,395.63
245,8101,395.68
245,8201,395.74
245,8301,395.80
245,8401,395.85
245,8501,395.91
245,8601,395.97
245,8701,396.02
245,8801,396.08
245,8901,396.14
245,9001,396.19
245,9101,396.25
245,9201,396.31
245,9301,396.36
245,9401,396.42
245,9501,396.48
245,9601,396.53
245,9701,396.59
245,9801,396.65
245,9901,396.70
246,0001,396.76
246,0101,396.82
246,0201,396.87
246,0301,396.93
246,0401,396.99
246,0501,397.04
246,0601,397.10
246,0701,397.16
246,0801,397.22
246,0901,397.27
246,1001,397.33
246,1101,397.39
246,1201,397.44
246,1301,397.50
246,1401,397.56
246,1501,397.61
246,1601,397.67
246,1701,397.73
246,1801,397.78
246,1901,397.84
246,2001,397.90
246,2101,397.95
246,2201,398.01
246,2301,398.07
246,2401,398.12
Amount Payment
246,2501,398.18
246,2601,398.24
246,2701,398.29
246,2801,398.35
246,2901,398.41
246,3001,398.46
246,3101,398.52
246,3201,398.58
246,3301,398.63
246,3401,398.69
246,3501,398.75
246,3601,398.80
246,3701,398.86
246,3801,398.92
246,3901,398.98
246,4001,399.03
246,4101,399.09
246,4201,399.15
246,4301,399.20
246,4401,399.26
246,4501,399.32
246,4601,399.37
246,4701,399.43
246,4801,399.49
246,4901,399.54
246,5001,399.60
246,5101,399.66
246,5201,399.71
246,5301,399.77
246,5401,399.83
246,5501,399.88
246,5601,399.94
246,5701,400.00
246,5801,400.05
246,5901,400.11
246,6001,400.17
246,6101,400.22
246,6201,400.28
246,6301,400.34
246,6401,400.39
246,6501,400.45
246,6601,400.51
246,6701,400.57
246,6801,400.62
246,6901,400.68
246,7001,400.74
246,7101,400.79
246,7201,400.85
246,7301,400.91
246,7401,400.96
246,7501,401.02
246,7601,401.08
246,7701,401.13
246,7801,401.19
246,7901,401.25
246,8001,401.30
246,8101,401.36
246,8201,401.42
246,8301,401.47
246,8401,401.53
246,8501,401.59
246,8601,401.64
246,8701,401.70
246,8801,401.76
246,8901,401.81
246,9001,401.87
246,9101,401.93
246,9201,401.98
246,9301,402.04
246,9401,402.10
246,9501,402.15
246,9601,402.21
246,9701,402.27
246,9801,402.33
246,9901,402.38
247,0001,402.44
247,0101,402.50
247,0201,402.55
247,0301,402.61
247,0401,402.67
247,0501,402.72
247,0601,402.78
247,0701,402.84
247,0801,402.89
247,0901,402.95
247,1001,403.01
247,1101,403.06
247,1201,403.12
247,1301,403.18
247,1401,403.23
247,1501,403.29
247,1601,403.35
247,1701,403.40
247,1801,403.46
247,1901,403.52
247,2001,403.57
247,2101,403.63
247,2201,403.69
247,2301,403.74
247,2401,403.80
247,2501,403.86
247,2601,403.92
247,2701,403.97
247,2801,404.03
247,2901,404.09
247,3001,404.14
247,3101,404.20
247,3201,404.26
247,3301,404.31
247,3401,404.37
247,3501,404.43
247,3601,404.48
247,3701,404.54
247,3801,404.60
247,3901,404.65
247,4001,404.71
247,4101,404.77
247,4201,404.82
247,4301,404.88
247,4401,404.94
247,4501,404.99
247,4601,405.05
247,4701,405.11
247,4801,405.16
247,4901,405.22
Amount Payment
247,5001,405.28
247,5101,405.33
247,5201,405.39
247,5301,405.45
247,5401,405.50
247,5501,405.56
247,5601,405.62
247,5701,405.68
247,5801,405.73
247,5901,405.79
247,6001,405.85
247,6101,405.90
247,6201,405.96
247,6301,406.02
247,6401,406.07
247,6501,406.13
247,6601,406.19
247,6701,406.24
247,6801,406.30
247,6901,406.36
247,7001,406.41
247,7101,406.47
247,7201,406.53
247,7301,406.58
247,7401,406.64
247,7501,406.70
247,7601,406.75
247,7701,406.81
247,7801,406.87
247,7901,406.92
247,8001,406.98
247,8101,407.04
247,8201,407.09
247,8301,407.15
247,8401,407.21
247,8501,407.27
247,8601,407.32
247,8701,407.38
247,8801,407.44
247,8901,407.49
247,9001,407.55
247,9101,407.61
247,9201,407.66
247,9301,407.72
247,9401,407.78
247,9501,407.83
247,9601,407.89
247,9701,407.95
247,9801,408.00
247,9901,408.06
248,0001,408.12
248,0101,408.17
248,0201,408.23
248,0301,408.29
248,0401,408.34
248,0501,408.40
248,0601,408.46
248,0701,408.51
248,0801,408.57
248,0901,408.63
248,1001,408.68
248,1101,408.74
248,1201,408.80
248,1301,408.85
248,1401,408.91
248,1501,408.97
248,1601,409.03
248,1701,409.08
248,1801,409.14
248,1901,409.20
248,2001,409.25
248,2101,409.31
248,2201,409.37
248,2301,409.42
248,2401,409.48
248,2501,409.54
248,2601,409.59
248,2701,409.65
248,2801,409.71
248,2901,409.76
248,3001,409.82
248,3101,409.88
248,3201,409.93
248,3301,409.99
248,3401,410.05
248,3501,410.10
248,3601,410.16
248,3701,410.22
248,3801,410.27
248,3901,410.33
248,4001,410.39
248,4101,410.44
248,4201,410.50
248,4301,410.56
248,4401,410.61
248,4501,410.67
248,4601,410.73
248,4701,410.79
248,4801,410.84
248,4901,410.90
248,5001,410.96
248,5101,411.01
248,5201,411.07
248,5301,411.13
248,5401,411.18
248,5501,411.24
248,5601,411.30
248,5701,411.35
248,5801,411.41
248,5901,411.47
248,6001,411.52
248,6101,411.58
248,6201,411.64
248,6301,411.69
248,6401,411.75
248,6501,411.81
248,6601,411.86
248,6701,411.92
248,6801,411.98
248,6901,412.03
248,7001,412.09
248,7101,412.15
248,7201,412.20
248,7301,412.26
248,7401,412.32
Amount Payment
248,7501,412.38
248,7601,412.43
248,7701,412.49
248,7801,412.55
248,7901,412.60
248,8001,412.66
248,8101,412.72
248,8201,412.77
248,8301,412.83
248,8401,412.89
248,8501,412.94
248,8601,413.00
248,8701,413.06
248,8801,413.11
248,8901,413.17
248,9001,413.23
248,9101,413.28
248,9201,413.34
248,9301,413.40
248,9401,413.45
248,9501,413.51
248,9601,413.57
248,9701,413.62
248,9801,413.68
248,9901,413.74
249,0001,413.79
249,0101,413.85
249,0201,413.91
249,0301,413.96
249,0401,414.02
249,0501,414.08
249,0601,414.14
249,0701,414.19
249,0801,414.25
249,0901,414.31
249,1001,414.36
249,1101,414.42
249,1201,414.48
249,1301,414.53
249,1401,414.59
249,1501,414.65
249,1601,414.70
249,1701,414.76
249,1801,414.82
249,1901,414.87
249,2001,414.93
249,2101,414.99
249,2201,415.04
249,2301,415.10
249,2401,415.16
249,2501,415.21
249,2601,415.27
249,2701,415.33
249,2801,415.38
249,2901,415.44
249,3001,415.50
249,3101,415.55
249,3201,415.61
249,3301,415.67
249,3401,415.73
249,3501,415.78
249,3601,415.84
249,3701,415.90
249,3801,415.95
249,3901,416.01
249,4001,416.07
249,4101,416.12
249,4201,416.18
249,4301,416.24
249,4401,416.29
249,4501,416.35
249,4601,416.41
249,4701,416.46
249,4801,416.52
249,4901,416.58
249,5001,416.63
249,5101,416.69
249,5201,416.75
249,5301,416.80
249,5401,416.86
249,5501,416.92
249,5601,416.97
249,5701,417.03
249,5801,417.09
249,5901,417.14
249,6001,417.20
249,6101,417.26
249,6201,417.31
249,6301,417.37
249,6401,417.43
249,6501,417.49
249,6601,417.54
249,6701,417.60
249,6801,417.66
249,6901,417.71
249,7001,417.77
249,7101,417.83
249,7201,417.88
249,7301,417.94
249,7401,418.00
249,7501,418.05
249,7601,418.11
249,7701,418.17
249,7801,418.22
249,7901,418.28
249,8001,418.34
249,8101,418.39
249,8201,418.45
249,8301,418.51
249,8401,418.56
249,8501,418.62
249,8601,418.68
249,8701,418.73
249,8801,418.79
249,8901,418.85
249,9001,418.90
249,9101,418.96
249,9201,419.02
249,9301,419.08
249,9401,419.13
249,9501,419.19
249,9601,419.25
249,9701,419.30
249,9801,419.36
249,9901,419.42
Think about refinancing if your interest rate is higher than the current rates. Sometimes a local lender will charge more than an online lender, but they might sell your mortgage. This results in higher rates with little benefit.

Get multiple quotes to understand the different rates available. Depending on your goals, a 15 year loan might be a better option than a 30 year. A higher down payment will result in a lower monthly payment. Consider all your costs when purchasing a home, such as property taxes, home maintenance, mortgage points or PMI, and insurance.

This calculator can be used to calculate a loan for anything, such as a car, business, home, RV, motor home, manufactured home, real estate, land, education, etc.