$103,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $103k 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 103,000 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 $103,000 house.
2% interest
0% down$380.71/mo
5% down$361.67/mo
10% down$342.64/mo
15% down$323.60/mo
20% down$304.57/mo
25% down$285.53/mo
30% down$266.50/mo
35% down$247.46/mo
40% down$228.42/mo
45% down$209.39/mo
50% down$190.35/mo
4% interest
0% down$491.74/mo
5% down$467.15/mo
10% down$442.56/mo
15% down$417.98/mo
20% down$393.39/mo
25% down$368.80/mo
30% down$344.22/mo
35% down$319.63/mo
40% down$295.04/mo
45% down$270.46/mo
50% down$245.87/mo
6% interest
0% down$617.54/mo
5% down$586.66/mo
10% down$555.78/mo
15% down$524.91/mo
20% down$494.03/mo
25% down$463.15/mo
30% down$432.28/mo
35% down$401.40/mo
40% down$370.52/mo
45% down$339.65/mo
50% down$308.77/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 103,000 house with a 20% down payment?
($82,400 loan. 30 year mortgage)
0.25%$237.60
0.50%$246.53
0.75%$255.67
1.00%$265.03
1.25%$274.60
1.50%$284.38
1.75%$294.37
2.00%$304.57
2.25%$314.97
2.50%$325.58
2.75%$336.39
3.00%$347.40
3.25%$358.61
3.50%$370.01
3.75%$381.61
4.00%$393.39
4.25%$405.36
4.50%$417.51
4.75%$429.84
5.00%$442.34
5.25%$455.02
5.50%$467.86
5.75%$480.86
6.00%$494.03
6.25%$507.35
6.50%$520.82
6.75%$534.44
7.00%$548.21
7.25%$562.11
7.50%$576.15
7.75%$590.32
8.00%$604.62
8.25%$619.04
8.50%$633.58
8.75%$648.24
9.00%$663.01
9.25%$677.88
9.50%$692.86
9.75%$707.94
10.00%$723.12
10.25%$738.39
10.50%$753.75
10.75%$769.19
11.00%$784.71
11.25%$800.32
11.50%$816.00
11.75%$831.75
12.00%$847.58