120k Amortization Schedule

Create an amortization schedule for a 120,000 mortgage.

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Create an amortization schedule for a $120,000 mortgage.

Enter your home loan details and click Calculate. The payment details and amortization schedule will be shown. Click the download link to access a printable PDF amortization schedule.

How to use
Enter your loan details above to create an amortization table. It will show a breakdown of mortgage payments and loan balance over time. Click the "Download Amortization Schedule" option to see an easy to print version.
What's the monthly payment on a $120,000 mortgage?
The payment is based on the loan term, loan amount, and APR. For example, here's a few different monthly payments for a 120,000 mortgage over 30 years.
Rate Payment
120k at 2% for 30 Years 443.54
120k at 3% for 30 Years 505.92
120k at 4% for 30 Years 572.90
120k at 5% for 30 Years 644.19
120k at 6% for 30 Years 719.46
How does the loan length affect the payment on a 120k mortgage?
While the 30 year mortgage is the most common, other people opt for a 15 year mortgage or an ARM. See below to see how the payment changes for a 120k loan amount based on the APR and loan length.
Rate 30 Years 15 Years 10 Years 5 Years
120k at 2% 443.54 772.21 1,104.16 2,103.33
120k at 3% 505.92 828.70 1,158.73 2,156.24
120k at 4% 572.90 887.63 1,214.94 2,209.98
120k at 5% 644.19 948.95 1,272.79 2,264.55
120k at 6% 719.46 1,012.63 1,332.25 2,319.94
What is an amortization schedule?
An amortization schedule shows the breakdown of a loan over time. It shows how much of each payment is paid as interest and how much goes towards the balance.

For example, let's say that you have a 30 year loan for 120,000 with a 6% APR. The monthly payment of this loan is 719.46. This stays constant throughout the term of this fixed rate 30 year loan.

We then need to calculate the monthly rate, so 6% divided by 12 equals .5% per month in interest. Take a look at the chart below to see how the first few payments of the loan are calculated.
Starting Balance Payment Towards Interest Towards Balance Remaining Balance
120,000.00 719.46 600.00 119.46 119,880.54
119,880.54 719.46 599.40 120.06 119,760.48
119,760.48 719.46 598.80 120.66 119,639.82
119,639.82 719.46 598.20 121.26 119,518.56
119,518.56 719.46 597.59 121.87 119,396.69
This continues until the loan is paid off. For interest rates higher than 0%, more of the payment goes towards the balance every month.
Monthly Mortgage Payment Table By Rate For a $120,000 Loan for 30 Years
Rate Payment
120k at 3% for 30 Years 505.92
120k at 3.05% for 30 Years 509.17
120k at 3.1% for 30 Years 512.42
120k at 3.15% for 30 Years 515.68
120k at 3.2% for 30 Years 518.96
120k at 3.25% for 30 Years 522.25
120k at 3.3% for 30 Years 525.55
120k at 3.35% for 30 Years 528.86
120k at 3.4% for 30 Years 532.18
120k at 3.45% for 30 Years 535.51
120k at 3.5% for 30 Years 538.85
120k at 3.55% for 30 Years 542.21
120k at 3.6% for 30 Years 545.57
120k at 3.65% for 30 Years 548.95
120k at 3.7% for 30 Years 552.34
120k at 3.75% for 30 Years 555.74
120k at 3.8% for 30 Years 559.15
120k at 3.85% for 30 Years 562.57
120k at 3.9% for 30 Years 566.00
120k at 3.95% for 30 Years 569.44
120k at 4% for 30 Years 572.90
120k at 4.05% for 30 Years 576.36
120k at 4.1% for 30 Years 579.84
120k at 4.15% for 30 Years 583.32
120k at 4.2% for 30 Years 586.82
120k at 4.25% for 30 Years 590.33
120k at 4.3% for 30 Years 593.85
120k at 4.35% for 30 Years 597.37
120k at 4.4% for 30 Years 600.91
120k at 4.45% for 30 Years 604.46
120k at 4.5% for 30 Years 608.02
120k at 4.55% for 30 Years 611.59
120k at 4.6% for 30 Years 615.17
120k at 4.65% for 30 Years 618.76
120k at 4.7% for 30 Years 622.37
120k at 4.75% for 30 Years 625.98
120k at 4.8% for 30 Years 629.60
120k at 4.85% for 30 Years 633.23
120k at 4.9% for 30 Years 636.87
120k at 4.95% for 30 Years 640.52
120k at 5% for 30 Years 644.19
120k at 5.05% for 30 Years 647.86
120k at 5.1% for 30 Years 651.54
120k at 5.15% for 30 Years 655.23
120k at 5.2% for 30 Years 658.93
120k at 5.25% for 30 Years 662.64
120k at 5.3% for 30 Years 666.37
120k at 5.35% for 30 Years 670.10
120k at 5.4% for 30 Years 673.84
120k at 5.45% for 30 Years 677.59
120k at 5.5% for 30 Years 681.35
Rate Payment
120k at 5.55% for 30 Years 685.12
120k at 5.6% for 30 Years 688.89
120k at 5.65% for 30 Years 692.68
120k at 5.7% for 30 Years 696.48
120k at 5.75% for 30 Years 700.29
120k at 5.8% for 30 Years 704.10
120k at 5.85% for 30 Years 707.93
120k at 5.9% for 30 Years 711.76
120k at 5.95% for 30 Years 715.61
120k at 6% for 30 Years 719.46
120k at 6.05% for 30 Years 723.32
120k at 6.1% for 30 Years 727.19
120k at 6.15% for 30 Years 731.07
120k at 6.2% for 30 Years 734.96
120k at 6.25% for 30 Years 738.86
120k at 6.3% for 30 Years 742.77
120k at 6.35% for 30 Years 746.68
120k at 6.4% for 30 Years 750.61
120k at 6.45% for 30 Years 754.54
120k at 6.5% for 30 Years 758.48
120k at 6.55% for 30 Years 762.43
120k at 6.6% for 30 Years 766.39
120k at 6.65% for 30 Years 770.36
120k at 6.7% for 30 Years 774.33
120k at 6.75% for 30 Years 778.32
120k at 6.8% for 30 Years 782.31
120k at 6.85% for 30 Years 786.31
120k at 6.9% for 30 Years 790.32
120k at 6.95% for 30 Years 794.34
120k at 7% for 30 Years 798.36
120k at 7.05% for 30 Years 802.40
120k at 7.1% for 30 Years 806.44
120k at 7.15% for 30 Years 810.49
120k at 7.2% for 30 Years 814.55
120k at 7.25% for 30 Years 818.61
120k at 7.3% for 30 Years 822.69
120k at 7.35% for 30 Years 826.77
120k at 7.4% for 30 Years 830.86
120k at 7.45% for 30 Years 834.95
120k at 7.5% for 30 Years 839.06
120k at 7.55% for 30 Years 843.17
120k at 7.6% for 30 Years 847.29
120k at 7.65% for 30 Years 851.42
120k at 7.7% for 30 Years 855.55
120k at 7.75% for 30 Years 859.69
120k at 7.8% for 30 Years 863.84
120k at 7.85% for 30 Years 868.00
120k at 7.9% for 30 Years 872.17
120k at 7.95% for 30 Years 876.34
120k at 8% for 30 Years 880.52
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