$101,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $101k home. Change the numbers to see different options. This calc can be used for car loans, debt, real estate, home purchase, etc.
Can I afford a 101,000 dollar house? It depends. In addition to the mortgage payment, a home also has insurance, maintenance, and taxes. Taxes can vary drastically by area. A very rough estimate is to not spend more than 30% of your income on housing.
How do I get a mortgage? A simple first step is to talk to a local banker and fill out a mortgage application. Then consider other offers, either local or online.
How much of a down payment should I make? Here's a little chart that shows monthly payments based on down payment for a $101,000 house.
2% interest
0% down$373.32/mo
5% down$354.65/mo
10% down$335.98/mo
15% down$317.32/mo
20% down$298.65/mo
25% down$279.99/mo
30% down$261.32/mo
35% down$242.66/mo
40% down$223.99/mo
45% down$205.32/mo
50% down$186.66/mo
4% interest
0% down$482.19/mo
5% down$458.08/mo
10% down$433.97/mo
15% down$409.86/mo
20% down$385.75/mo
25% down$361.64/mo
30% down$337.53/mo
35% down$313.42/mo
40% down$289.31/mo
45% down$265.20/mo
50% down$241.09/mo
6% interest
0% down$605.55/mo
5% down$575.27/mo
10% down$544.99/mo
15% down$514.71/mo
20% down$484.44/mo
25% down$454.16/mo
30% down$423.88/mo
35% down$393.60/mo
40% down$363.33/mo
45% down$333.05/mo
50% down$302.77/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 101,000 house with a 20% down payment?
($80,800 loan. 30 year mortgage)
0.25%$232.99
0.50%$241.75
0.75%$250.71
1.00%$259.88
1.25%$269.27
1.50%$278.86
1.75%$288.65
2.00%$298.65
2.25%$308.85
2.50%$319.26
2.75%$329.86
3.00%$340.66
3.25%$351.65
3.50%$362.83
3.75%$374.20
4.00%$385.75
4.25%$397.49
4.50%$409.40
4.75%$421.49
5.00%$433.75
5.25%$446.18
5.50%$458.77
5.75%$471.53
6.00%$484.44
6.25%$497.50
6.50%$510.71
6.75%$524.07
7.00%$537.56
7.25%$551.20
7.50%$564.97
7.75%$578.86
8.00%$592.88
8.25%$607.02
8.50%$621.28
8.75%$635.65
9.00%$650.14
9.25%$664.72
9.50%$679.41
9.75%$694.20
10.00%$709.08
10.25%$724.05
10.50%$739.11
10.75%$754.25
11.00%$769.48
11.25%$784.78
11.50%$800.16
11.75%$815.60
12.00%$831.12