Twenty Year Mortgage Calculator.

20 Year Fixed Rate Mortgage Calculator

Use this free tool to figure your monthly payments on a 20-year FRM for a given loan amount. Current 20-year home loan rates are shown beneath the calculator.


Loan Information Amount
Total home loan amount: $
20-yr Interest Rates: %
Term of the loan: years
Loan Summary

$1,328.01

Monthly Payment

$230,000.00

Loan Amount

3.45%

Interest Rate

20 years

Term of Loan

Current 20-Year Mortgage Rates

The following table highlights locally available current 20-year mortgage rates. By default the table is selected to show refinancing offers. If you click on the "purchase" tab it will show purchase money mortgage loans.

Amortization Schedule for a $230,000 20-Year FRM Refi Home Loan @ 3.45% APR

Year Month Interest Principal Balance
1 1 $661.25 $666.76 $229,333.24
1 2 $659.33 $668.67 $228,664.57
1 3 $657.41 $670.59 $227,993.98
1 4 $655.48 $672.52 $227,321.45
1 5 $653.55 $674.46 $226,647.00
1 6 $651.61 $676.40 $225,970.60
1 7 $649.67 $678.34 $225,292.26
1 8 $647.72 $680.29 $224,611.97
1 9 $645.76 $682.25 $223,929.73
1 10 $643.80 $684.21 $223,245.52
1 11 $641.83 $686.17 $222,559.34
1 12 $639.86 $688.15 $221,871.20
Totals for year 1 $7,807.26 $8,128.80 $221,871.20
2 1 $637.88 $690.13 $221,181.07
2 2 $635.90 $692.11 $220,488.96
2 3 $633.91 $694.10 $219,794.86
2 4 $631.91 $696.10 $219,098.77
2 5 $629.91 $698.10 $218,400.67
2 6 $627.90 $700.10 $217,700.57
2 7 $625.89 $702.12 $216,998.45
2 8 $623.87 $704.14 $216,294.31
2 9 $621.85 $706.16 $215,588.15
2 10 $619.82 $708.19 $214,879.96
2 11 $617.78 $710.23 $214,169.74
2 12 $615.74 $712.27 $213,457.47
Totals for year 2 $7,522.34 $8,413.72 $213,457.47
3 1 $613.69 $714.32 $212,743.16
3 2 $611.64 $716.37 $212,026.79
3 3 $609.58 $718.43 $211,308.36
3 4 $607.51 $720.49 $210,587.86
3 5 $605.44 $722.57 $209,865.30
3 6 $603.36 $724.64 $209,140.66
3 7 $601.28 $726.73 $208,413.93
3 8 $599.19 $728.82 $207,685.11
3 9 $597.09 $730.91 $206,954.20
3 10 $594.99 $733.01 $206,221.19
3 11 $592.89 $735.12 $205,486.07
3 12 $590.77 $737.23 $204,748.84
Totals for year 3 $7,227.43 $8,708.63 $204,748.84
4 1 $588.65 $739.35 $204,009.49
4 2 $586.53 $741.48 $203,268.01
4 3 $584.40 $743.61 $202,524.40
4 4 $582.26 $745.75 $201,778.65
4 5 $580.11 $747.89 $201,030.76
4 6 $577.96 $750.04 $200,280.72
4 7 $575.81 $752.20 $199,528.52
4 8 $573.64 $754.36 $198,774.16
4 9 $571.48 $756.53 $198,017.63
4 10 $569.30 $758.70 $197,258.92
4 11 $567.12 $760.89 $196,498.04
4 12 $564.93 $763.07 $195,734.96
Totals for year 4 $6,922.19 $9,013.88 $195,734.96
5 1 $562.74 $765.27 $194,969.69
5 2 $560.54 $767.47 $194,202.23
5 3 $558.33 $769.67 $193,432.55
5 4 $556.12 $771.89 $192,660.67
5 5 $553.90 $774.11 $191,886.56
5 6 $551.67 $776.33 $191,110.23
5 7 $549.44 $778.56 $190,331.66
5 8 $547.20 $780.80 $189,550.86
5 9 $544.96 $783.05 $188,767.82
5 10 $542.71 $785.30 $187,982.52
5 11 $540.45 $787.56 $187,194.96
5 12 $538.19 $789.82 $186,405.14
Totals for year 5 $6,606.25 $9,329.82 $186,405.14
6 1 $535.91 $792.09 $185,613.05
6 2 $533.64 $794.37 $184,818.68
6 3 $531.35 $796.65 $184,022.03
6 4 $529.06 $798.94 $183,223.09
6 5 $526.77 $801.24 $182,421.85
6 6 $524.46 $803.54 $181,618.31
6 7 $522.15 $805.85 $180,812.45
6 8 $519.84 $808.17 $180,004.28
6 9 $517.51 $810.49 $179,193.79
6 10 $515.18 $812.82 $178,380.97
6 11 $512.85 $815.16 $177,565.81
6 12 $510.50 $817.50 $176,748.30
Totals for year 6 $6,279.23 $9,656.84 $176,748.30
7 1 $508.15 $819.85 $175,928.45
7 2 $505.79 $822.21 $175,106.24
7 3 $503.43 $824.58 $174,281.66
7 4 $501.06 $826.95 $173,454.72
7 5 $498.68 $829.32 $172,625.39
7 6 $496.30 $831.71 $171,793.69
7 7 $493.91 $834.10 $170,959.59
7 8 $491.51 $836.50 $170,123.09
7 9 $489.10 $838.90 $169,284.19
7 10 $486.69 $841.31 $168,442.88
7 11 $484.27 $843.73 $167,599.14
7 12 $481.85 $846.16 $166,752.99
Totals for year 7 $5,940.75 $9,995.32 $166,752.99
8 1 $479.41 $848.59 $165,904.39
8 2 $476.98 $851.03 $165,053.36
8 3 $474.53 $853.48 $164,199.89
8 4 $472.07 $855.93 $163,343.96
8 5 $469.61 $858.39 $162,485.56
8 6 $467.15 $860.86 $161,624.70
8 7 $464.67 $863.33 $160,761.37
8 8 $462.19 $865.82 $159,895.55
8 9 $459.70 $868.31 $159,027.25
8 10 $457.20 $870.80 $158,156.45
8 11 $454.70 $873.31 $157,283.14
8 12 $452.19 $875.82 $156,407.32
Totals for year 8 $5,590.40 $10,345.66 $156,407.32
9 1 $449.67 $878.33 $155,528.99
9 2 $447.15 $880.86 $154,648.13
9 3 $444.61 $883.39 $153,764.74
9 4 $442.07 $885.93 $152,878.80
9 5 $439.53 $888.48 $151,990.33
9 6 $436.97 $891.03 $151,099.29
9 7 $434.41 $893.60 $150,205.70
9 8 $431.84 $896.16 $149,309.53
9 9 $429.26 $898.74 $148,410.79
9 10 $426.68 $901.32 $147,509.47
9 11 $424.09 $903.92 $146,605.55
9 12 $421.49 $906.51 $145,699.04
Totals for year 9 $5,227.78 $10,708.29 $145,699.04
10 1 $418.88 $909.12 $144,789.92
10 2 $416.27 $911.73 $143,878.18
10 3 $413.65 $914.36 $142,963.83
10 4 $411.02 $916.98 $142,046.84
10 5 $408.38 $919.62 $141,127.22
10 6 $405.74 $922.26 $140,204.96
10 7 $403.09 $924.92 $139,280.04
10 8 $400.43 $927.58 $138,352.46
10 9 $397.76 $930.24 $137,422.22
10 10 $395.09 $932.92 $136,489.31
10 11 $392.41 $935.60 $135,553.71
10 12 $389.72 $938.29 $134,615.42
Totals for year 10 $4,852.45 $11,083.62 $134,615.42
11 1 $387.02 $940.99 $133,674.43
11 2 $384.31 $943.69 $132,730.74
11 3 $381.60 $946.40 $131,784.34
11 4 $378.88 $949.13 $130,835.21
11 5 $376.15 $951.85 $129,883.36
11 6 $373.41 $954.59 $128,928.77
11 7 $370.67 $957.34 $127,971.43
11 8 $367.92 $960.09 $127,011.34
11 9 $365.16 $962.85 $126,048.49
11 10 $362.39 $965.62 $125,082.88
11 11 $359.61 $968.39 $124,114.49
11 12 $356.83 $971.18 $123,143.31
Totals for year 11 $4,463.96 $11,472.11 $123,143.31
12 1 $354.04 $973.97 $122,169.34
12 2 $351.24 $976.77 $121,192.57
12 3 $348.43 $979.58 $120,213.00
12 4 $345.61 $982.39 $119,230.60
12 5 $342.79 $985.22 $118,245.38
12 6 $339.96 $988.05 $117,257.33
12 7 $337.11 $990.89 $116,266.44
12 8 $334.27 $993.74 $115,272.70
12 9 $331.41 $996.60 $114,276.11
12 10 $328.54 $999.46 $113,276.65
12 11 $325.67 $1,002.34 $112,274.31
12 12 $322.79 $1,005.22 $111,269.09
Totals for year 12 $4,061.85 $11,874.22 $111,269.09
13 1 $319.90 $1,008.11 $110,260.99
13 2 $317.00 $1,011.01 $109,249.98
13 3 $314.09 $1,013.91 $108,236.07
13 4 $311.18 $1,016.83 $107,219.24
13 5 $308.26 $1,019.75 $106,199.49
13 6 $305.32 $1,022.68 $105,176.81
13 7 $302.38 $1,025.62 $104,151.19
13 8 $299.43 $1,028.57 $103,122.62
13 9 $296.48 $1,031.53 $102,091.09
13 10 $293.51 $1,034.49 $101,056.60
13 11 $290.54 $1,037.47 $100,019.13
13 12 $287.55 $1,040.45 $98,978.68
Totals for year 13 $3,645.65 $12,290.42 $98,978.68
14 1 $284.56 $1,043.44 $97,935.24
14 2 $281.56 $1,046.44 $96,888.79
14 3 $278.56 $1,049.45 $95,839.34
14 4 $275.54 $1,052.47 $94,786.88
14 5 $272.51 $1,055.49 $93,731.38
14 6 $269.48 $1,058.53 $92,672.85
14 7 $266.43 $1,061.57 $91,611.28
14 8 $263.38 $1,064.62 $90,546.66
14 9 $260.32 $1,067.68 $89,478.98
14 10 $257.25 $1,070.75 $88,408.22
14 11 $254.17 $1,073.83 $87,334.39
14 12 $251.09 $1,076.92 $86,257.47
Totals for year 14 $3,214.86 $12,721.21 $86,257.47
15 1 $247.99 $1,080.02 $85,177.46
15 2 $244.89 $1,083.12 $84,094.34
15 3 $241.77 $1,086.23 $83,008.10
15 4 $238.65 $1,089.36 $81,918.75
15 5 $235.52 $1,092.49 $80,826.26
15 6 $232.38 $1,095.63 $79,730.63
15 7 $229.23 $1,098.78 $78,631.85
15 8 $226.07 $1,101.94 $77,529.91
15 9 $222.90 $1,105.11 $76,424.80
15 10 $219.72 $1,108.28 $75,316.52
15 11 $216.53 $1,111.47 $74,205.04
15 12 $213.34 $1,114.67 $73,090.38
Totals for year 15 $2,768.97 $13,167.09 $73,090.38
16 1 $210.13 $1,117.87 $71,972.51
16 2 $206.92 $1,121.08 $70,851.42
16 3 $203.70 $1,124.31 $69,727.12
16 4 $200.47 $1,127.54 $68,599.58
16 5 $197.22 $1,130.78 $67,468.79
16 6 $193.97 $1,134.03 $66,334.76
16 7 $190.71 $1,137.29 $65,197.47
16 8 $187.44 $1,140.56 $64,056.91
16 9 $184.16 $1,143.84 $62,913.06
16 10 $180.88 $1,147.13 $61,765.93
16 11 $177.58 $1,150.43 $60,615.50
16 12 $174.27 $1,153.74 $59,461.77
Totals for year 16 $2,307.46 $13,628.61 $59,461.77
17 1 $170.95 $1,157.05 $58,304.72
17 2 $167.63 $1,160.38 $57,144.34
17 3 $164.29 $1,163.72 $55,980.62
17 4 $160.94 $1,167.06 $54,813.56
17 5 $157.59 $1,170.42 $53,643.14
17 6 $154.22 $1,173.78 $52,469.36
17 7 $150.85 $1,177.16 $51,292.20
17 8 $147.47 $1,180.54 $50,111.66
17 9 $144.07 $1,183.93 $48,927.73
17 10 $140.67 $1,187.34 $47,740.39
17 11 $137.25 $1,190.75 $46,549.64
17 12 $133.83 $1,194.18 $45,355.46
Totals for year 17 $1,829.76 $14,106.30 $45,355.46
18 1 $130.40 $1,197.61 $44,157.86
18 2 $126.95 $1,201.05 $42,956.80
18 3 $123.50 $1,204.50 $41,752.30
18 4 $120.04 $1,207.97 $40,544.33
18 5 $116.56 $1,211.44 $39,332.89
18 6 $113.08 $1,214.92 $38,117.97
18 7 $109.59 $1,218.42 $36,899.55
18 8 $106.09 $1,221.92 $35,677.63
18 9 $102.57 $1,225.43 $34,452.20
18 10 $99.05 $1,228.96 $33,223.24
18 11 $95.52 $1,232.49 $31,990.76
18 12 $91.97 $1,236.03 $30,754.72
Totals for year 18 $1,335.33 $14,600.74 $30,754.72
19 1 $88.42 $1,239.59 $29,515.14
19 2 $84.86 $1,243.15 $28,271.99
19 3 $81.28 $1,246.72 $27,025.26
19 4 $77.70 $1,250.31 $25,774.96
19 5 $74.10 $1,253.90 $24,521.05
19 6 $70.50 $1,257.51 $23,263.55
19 7 $66.88 $1,261.12 $22,002.42
19 8 $63.26 $1,264.75 $20,737.67
19 9 $59.62 $1,268.38 $19,469.29
19 10 $55.97 $1,272.03 $18,197.26
19 11 $52.32 $1,275.69 $16,921.57
19 12 $48.65 $1,279.36 $15,642.21
Totals for year 19 $823.56 $15,112.51 $15,642.21
20 1 $44.97 $1,283.03 $14,359.18
20 2 $41.28 $1,286.72 $13,072.46
20 3 $37.58 $1,290.42 $11,782.03
20 4 $33.87 $1,294.13 $10,487.90
20 5 $30.15 $1,297.85 $9,190.05
20 6 $26.42 $1,301.58 $7,888.47
20 7 $22.68 $1,305.33 $6,583.14
20 8 $18.93 $1,309.08 $5,274.06
20 9 $15.16 $1,312.84 $3,961.22
20 10 $11.39 $1,316.62 $2,644.60
20 11 $7.60 $1,320.40 $1,324.20
20 12 $3.81 $1,324.20 $0.00
Totals for year 20 $293.85 $15,642.21 $0.00

About 20 Year Home Refinancing Loans

In low interest rate environments consumers typically prefer the certainty of fixed-rate loans over adjustable-rates. In high or rising interest rate environments consumers may see a larger relative discount in ARM loans which can help shift their preference across. Currently interest rates across the global economy are near 5,000 year lows, thus most home buyers try to lock in fixed payments over the longest duration possible - which is a 30-year FRM.

Abstract Twisted Clock Face.

Some homeowners who have built up equity in their homes & have rising incomes see how long it takes to pay off a 30-year loan & decide to switch to refinance into a shorter duration loan. When people choose to refinance a 30-year loan into a shorter loan they typically choose a 15-year loan, though 10-year & 20-year options are also available. The following table compares monthly payments, interest rates & total interest due over the life of a $230,000 loan. These payments presume a 20% down payment on the home and cover principal + interest on the loan. Insurance, property taxes, HOA fees & property taxes are not included.

Loan Term 10YR 15YR 20YR 30YR
Interest Rate (APR) 2.871% 2.877% 3.343% 3.545%
Monthly P&I Payment $2,207.23 $1,574.77 $1,315.43 $1,038.59
Total Interest Expense $34,867 $53,458 $85,702 $143,892