What is the monthly payment on a $100,000 mortgage at 5.75% for 15 years?
Answer
$830/month
Principal & interest onlyTotal interest over 15 years: $49,474Total cost: $149,474
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How We Calculated This
M = P × [r(1+r)^n] / [(1+r)^n - 1]
P=$100,000, r=5.75%/12=0.4792n=180. M = $830
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Calculated using verified formulas. Last updated March 2026.