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What is the monthly payment for a 175000 home with a 5 percent interest rate calculated monthly on a 15 year term loan?

Kaitlin Dean

in Student Loans

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Kyle Mckinney on November 23, 2019

I always go to bankrate.com for this kind of response. They have a cool calculator and you can plug all sorts of numbers and even look at what happens when you pay an extra $100/month. Once on the site, click on calculators and then choose mortgage calculator.. The monthly payment would be $1097.75 but do not include insurance and taxes which could add $200-300/month depending on taxes and insurance premiums.


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