$102,000 Mortgage Loan Payments and Costs

$
$
%
years
%

Loan Summary


Use the mortgage calculator to calculate the cost of buying a $102k 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 102,000 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 $102,000 house.
2% interest
0% down$377.01/mo
5% down$358.16/mo
10% down$339.31/mo
15% down$320.46/mo
20% down$301.61/mo
25% down$282.76/mo
30% down$263.91/mo
35% down$245.06/mo
40% down$226.21/mo
45% down$207.36/mo
50% down$188.51/mo
4% interest
0% down$486.96/mo
5% down$462.62/mo
10% down$438.27/mo
15% down$413.92/mo
20% down$389.57/mo
25% down$365.22/mo
30% down$340.87/mo
35% down$316.53/mo
40% down$292.18/mo
45% down$267.83/mo
50% down$243.48/mo
6% interest
0% down$611.54/mo
5% down$580.96/mo
10% down$550.39/mo
15% down$519.81/mo
20% down$489.23/mo
25% down$458.66/mo
30% down$428.08/mo
35% down$397.50/mo
40% down$366.92/mo
45% down$336.35/mo
50% down$305.77/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 102,000 house with a 20% down payment?
($81,600 loan. 30 year mortgage)
0.25%$235.30
0.50%$244.14
0.75%$253.19
1.00%$262.46
1.25%$271.93
1.50%$281.62
1.75%$291.51
2.00%$301.61
2.25%$311.91
2.50%$322.42
2.75%$333.12
3.00%$344.03
3.25%$355.13
3.50%$366.42
3.75%$377.90
4.00%$389.57
4.25%$401.42
4.50%$413.46
4.75%$425.66
5.00%$438.05
5.25%$450.60
5.50%$463.32
5.75%$476.20
6.00%$489.23
6.25%$502.43
6.50%$515.77
6.75%$529.26
7.00%$542.89
7.25%$556.66
7.50%$570.56
7.75%$584.59
8.00%$598.75
8.25%$613.03
8.50%$627.43
8.75%$641.95
9.00%$656.57
9.25%$671.30
9.50%$686.14
9.75%$701.07
10.00%$716.10
10.25%$731.22
10.50%$746.43
10.75%$761.72
11.00%$777.10
11.25%$792.55
11.50%$808.08
11.75%$823.68
12.00%$839.35