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$100,000 mortgage at 5% for 15 years
Fixed-rate amortized payment. Results below are exact for the given inputs.
$790.79
monthly payment
Total interest$42,342.85
Total paid$142,342.85
Interest share29.7%
Payments180
| Month | Principal | Interest | Balance |
|---|---|---|---|
| 1 | $374.13 | $416.67 | $99,625.87 |
| 2 | $375.69 | $415.11 | $99,250.19 |
| 3 | $377.25 | $413.54 | $98,872.94 |
| 4 | $378.82 | $411.97 | $98,494.11 |
| 5 | $380.40 | $410.39 | $98,113.71 |
| 6 | $381.99 | $408.81 | $97,731.72 |
| 7 | $383.58 | $407.22 | $97,348.15 |
| 8 | $385.18 | $405.62 | $96,962.97 |
| 9 | $386.78 | $404.01 | $96,576.19 |
| 10 | $388.39 | $402.40 | $96,187.80 |
| 11 | $390.01 | $400.78 | $95,797.79 |
| 12 | $391.64 | $399.16 | $95,406.15 |
Frequently asked questions
What is the monthly payment on $100,000 mortgage at 5% for 15 years?
The fixed monthly payment is $790.79 (180 payments), assuming standard amortization with no fees, taxes or insurance.
How much interest do I pay in total?
Total interest over 15 years is $42,342.85, so the total of all payments is $142,342.85.
What income is needed for this payment?
Using the common 28% front-end debt-to-income guideline, a gross monthly income of about $2,824 ($33,891 per year) keeps this payment within budget. Lenders may apply different rules.
How much of the first payment is interest?
The first payment includes $416.67 of interest and $374.13 of principal — early payments are interest-heavy because the balance is highest.
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Change the numbers yourself
Open the interactive mortgage calculator — every field is editable.