$245,000 Mortgage at 8% Interest

What is the monthly payment of a 245,000 dollar loan at 8 percent? (adjust inputs to calculate new loan)
$
$
%
%
years

How much is the monthly payment for a 30 year mortgage at 8% interest? This does not include a down payment.
Amount Payment
245,0001,797.72
245,0101,797.80
245,0201,797.87
245,0301,797.94
245,0401,798.02
245,0501,798.09
245,0601,798.16
245,0701,798.24
245,0801,798.31
245,0901,798.38
245,1001,798.46
245,1101,798.53
245,1201,798.60
245,1301,798.68
245,1401,798.75
245,1501,798.82
245,1601,798.90
245,1701,798.97
245,1801,799.04
245,1901,799.12
245,2001,799.19
245,2101,799.26
245,2201,799.34
245,2301,799.41
245,2401,799.48
245,2501,799.56
245,2601,799.63
245,2701,799.70
245,2801,799.78
245,2901,799.85
245,3001,799.92
245,3101,800.00
245,3201,800.07
245,3301,800.14
245,3401,800.22
245,3501,800.29
245,3601,800.36
245,3701,800.44
245,3801,800.51
245,3901,800.58
245,4001,800.66
245,4101,800.73
245,4201,800.81
245,4301,800.88
245,4401,800.95
245,4501,801.03
245,4601,801.10
245,4701,801.17
245,4801,801.25
245,4901,801.32
245,5001,801.39
245,5101,801.47
245,5201,801.54
245,5301,801.61
245,5401,801.69
245,5501,801.76
245,5601,801.83
245,5701,801.91
245,5801,801.98
245,5901,802.05
245,6001,802.13
245,6101,802.20
245,6201,802.27
245,6301,802.35
245,6401,802.42
245,6501,802.49
245,6601,802.57
245,6701,802.64
245,6801,802.71
245,6901,802.79
245,7001,802.86
245,7101,802.93
245,7201,803.01
245,7301,803.08
245,7401,803.15
245,7501,803.23
245,7601,803.30
245,7701,803.37
245,7801,803.45
245,7901,803.52
245,8001,803.59
245,8101,803.67
245,8201,803.74
245,8301,803.81
245,8401,803.89
245,8501,803.96
245,8601,804.03
245,8701,804.11
245,8801,804.18
245,8901,804.25
245,9001,804.33
245,9101,804.40
245,9201,804.47
245,9301,804.55
245,9401,804.62
245,9501,804.69
245,9601,804.77
245,9701,804.84
245,9801,804.91
245,9901,804.99
246,0001,805.06
246,0101,805.13
246,0201,805.21
246,0301,805.28
246,0401,805.35
246,0501,805.43
246,0601,805.50
246,0701,805.57
246,0801,805.65
246,0901,805.72
246,1001,805.79
246,1101,805.87
246,1201,805.94
246,1301,806.01
246,1401,806.09
246,1501,806.16
246,1601,806.23
246,1701,806.31
246,1801,806.38
246,1901,806.46
246,2001,806.53
246,2101,806.60
246,2201,806.68
246,2301,806.75
246,2401,806.82
Amount Payment
246,2501,806.90
246,2601,806.97
246,2701,807.04
246,2801,807.12
246,2901,807.19
246,3001,807.26
246,3101,807.34
246,3201,807.41
246,3301,807.48
246,3401,807.56
246,3501,807.63
246,3601,807.70
246,3701,807.78
246,3801,807.85
246,3901,807.92
246,4001,808.00
246,4101,808.07
246,4201,808.14
246,4301,808.22
246,4401,808.29
246,4501,808.36
246,4601,808.44
246,4701,808.51
246,4801,808.58
246,4901,808.66
246,5001,808.73
246,5101,808.80
246,5201,808.88
246,5301,808.95
246,5401,809.02
246,5501,809.10
246,5601,809.17
246,5701,809.24
246,5801,809.32
246,5901,809.39
246,6001,809.46
246,6101,809.54
246,6201,809.61
246,6301,809.68
246,6401,809.76
246,6501,809.83
246,6601,809.90
246,6701,809.98
246,6801,810.05
246,6901,810.12
246,7001,810.20
246,7101,810.27
246,7201,810.34
246,7301,810.42
246,7401,810.49
246,7501,810.56
246,7601,810.64
246,7701,810.71
246,7801,810.78
246,7901,810.86
246,8001,810.93
246,8101,811.00
246,8201,811.08
246,8301,811.15
246,8401,811.22
246,8501,811.30
246,8601,811.37
246,8701,811.44
246,8801,811.52
246,8901,811.59
246,9001,811.66
246,9101,811.74
246,9201,811.81
246,9301,811.88
246,9401,811.96
246,9501,812.03
246,9601,812.10
246,9701,812.18
246,9801,812.25
246,9901,812.33
247,0001,812.40
247,0101,812.47
247,0201,812.55
247,0301,812.62
247,0401,812.69
247,0501,812.77
247,0601,812.84
247,0701,812.91
247,0801,812.99
247,0901,813.06
247,1001,813.13
247,1101,813.21
247,1201,813.28
247,1301,813.35
247,1401,813.43
247,1501,813.50
247,1601,813.57
247,1701,813.65
247,1801,813.72
247,1901,813.79
247,2001,813.87
247,2101,813.94
247,2201,814.01
247,2301,814.09
247,2401,814.16
247,2501,814.23
247,2601,814.31
247,2701,814.38
247,2801,814.45
247,2901,814.53
247,3001,814.60
247,3101,814.67
247,3201,814.75
247,3301,814.82
247,3401,814.89
247,3501,814.97
247,3601,815.04
247,3701,815.11
247,3801,815.19
247,3901,815.26
247,4001,815.33
247,4101,815.41
247,4201,815.48
247,4301,815.55
247,4401,815.63
247,4501,815.70
247,4601,815.77
247,4701,815.85
247,4801,815.92
247,4901,815.99
Amount Payment
247,5001,816.07
247,5101,816.14
247,5201,816.21
247,5301,816.29
247,5401,816.36
247,5501,816.43
247,5601,816.51
247,5701,816.58
247,5801,816.65
247,5901,816.73
247,6001,816.80
247,6101,816.87
247,6201,816.95
247,6301,817.02
247,6401,817.09
247,6501,817.17
247,6601,817.24
247,6701,817.31
247,6801,817.39
247,6901,817.46
247,7001,817.53
247,7101,817.61
247,7201,817.68
247,7301,817.75
247,7401,817.83
247,7501,817.90
247,7601,817.98
247,7701,818.05
247,7801,818.12
247,7901,818.20
247,8001,818.27
247,8101,818.34
247,8201,818.42
247,8301,818.49
247,8401,818.56
247,8501,818.64
247,8601,818.71
247,8701,818.78
247,8801,818.86
247,8901,818.93
247,9001,819.00
247,9101,819.08
247,9201,819.15
247,9301,819.22
247,9401,819.30
247,9501,819.37
247,9601,819.44
247,9701,819.52
247,9801,819.59
247,9901,819.66
248,0001,819.74
248,0101,819.81
248,0201,819.88
248,0301,819.96
248,0401,820.03
248,0501,820.10
248,0601,820.18
248,0701,820.25
248,0801,820.32
248,0901,820.40
248,1001,820.47
248,1101,820.54
248,1201,820.62
248,1301,820.69
248,1401,820.76
248,1501,820.84
248,1601,820.91
248,1701,820.98
248,1801,821.06
248,1901,821.13
248,2001,821.20
248,2101,821.28
248,2201,821.35
248,2301,821.42
248,2401,821.50
248,2501,821.57
248,2601,821.64
248,2701,821.72
248,2801,821.79
248,2901,821.86
248,3001,821.94
248,3101,822.01
248,3201,822.08
248,3301,822.16
248,3401,822.23
248,3501,822.30
248,3601,822.38
248,3701,822.45
248,3801,822.52
248,3901,822.60
248,4001,822.67
248,4101,822.74
248,4201,822.82
248,4301,822.89
248,4401,822.96
248,4501,823.04
248,4601,823.11
248,4701,823.18
248,4801,823.26
248,4901,823.33
248,5001,823.40
248,5101,823.48
248,5201,823.55
248,5301,823.63
248,5401,823.70
248,5501,823.77
248,5601,823.85
248,5701,823.92
248,5801,823.99
248,5901,824.07
248,6001,824.14
248,6101,824.21
248,6201,824.29
248,6301,824.36
248,6401,824.43
248,6501,824.51
248,6601,824.58
248,6701,824.65
248,6801,824.73
248,6901,824.80
248,7001,824.87
248,7101,824.95
248,7201,825.02
248,7301,825.09
248,7401,825.17
Amount Payment
248,7501,825.24
248,7601,825.31
248,7701,825.39
248,7801,825.46
248,7901,825.53
248,8001,825.61
248,8101,825.68
248,8201,825.75
248,8301,825.83
248,8401,825.90
248,8501,825.97
248,8601,826.05
248,8701,826.12
248,8801,826.19
248,8901,826.27
248,9001,826.34
248,9101,826.41
248,9201,826.49
248,9301,826.56
248,9401,826.63
248,9501,826.71
248,9601,826.78
248,9701,826.85
248,9801,826.93
248,9901,827.00
249,0001,827.07
249,0101,827.15
249,0201,827.22
249,0301,827.29
249,0401,827.37
249,0501,827.44
249,0601,827.51
249,0701,827.59
249,0801,827.66
249,0901,827.73
249,1001,827.81
249,1101,827.88
249,1201,827.95
249,1301,828.03
249,1401,828.10
249,1501,828.17
249,1601,828.25
249,1701,828.32
249,1801,828.39
249,1901,828.47
249,2001,828.54
249,2101,828.61
249,2201,828.69
249,2301,828.76
249,2401,828.83
249,2501,828.91
249,2601,828.98
249,2701,829.05
249,2801,829.13
249,2901,829.20
249,3001,829.28
249,3101,829.35
249,3201,829.42
249,3301,829.50
249,3401,829.57
249,3501,829.64
249,3601,829.72
249,3701,829.79
249,3801,829.86
249,3901,829.94
249,4001,830.01
249,4101,830.08
249,4201,830.16
249,4301,830.23
249,4401,830.30
249,4501,830.38
249,4601,830.45
249,4701,830.52
249,4801,830.60
249,4901,830.67
249,5001,830.74
249,5101,830.82
249,5201,830.89
249,5301,830.96
249,5401,831.04
249,5501,831.11
249,5601,831.18
249,5701,831.26
249,5801,831.33
249,5901,831.40
249,6001,831.48
249,6101,831.55
249,6201,831.62
249,6301,831.70
249,6401,831.77
249,6501,831.84
249,6601,831.92
249,6701,831.99
249,6801,832.06
249,6901,832.14
249,7001,832.21
249,7101,832.28
249,7201,832.36
249,7301,832.43
249,7401,832.50
249,7501,832.58
249,7601,832.65
249,7701,832.72
249,7801,832.80
249,7901,832.87
249,8001,832.94
249,8101,833.02
249,8201,833.09
249,8301,833.16
249,8401,833.24
249,8501,833.31
249,8601,833.38
249,8701,833.46
249,8801,833.53
249,8901,833.60
249,9001,833.68
249,9101,833.75
249,9201,833.82
249,9301,833.90
249,9401,833.97
249,9501,834.04
249,9601,834.12
249,9701,834.19
249,9801,834.26
249,9901,834.34
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.