$104,000 Mortgage Loan Payments and Costs

$
$
%
years
%

Loan Summary


Use the mortgage calculator to calculate the cost of buying a $104k 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 104,000 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 $104,000 house.
2% interest
0% down$384.40/mo
5% down$365.18/mo
10% down$345.96/mo
15% down$326.74/mo
20% down$307.52/mo
25% down$288.30/mo
30% down$269.08/mo
35% down$249.86/mo
40% down$230.64/mo
45% down$211.42/mo
50% down$192.20/mo
4% interest
0% down$496.51/mo
5% down$471.69/mo
10% down$446.86/mo
15% down$422.04/mo
20% down$397.21/mo
25% down$372.38/mo
30% down$347.56/mo
35% down$322.73/mo
40% down$297.91/mo
45% down$273.08/mo
50% down$248.26/mo
6% interest
0% down$623.53/mo
5% down$592.36/mo
10% down$561.18/mo
15% down$530.00/mo
20% down$498.83/mo
25% down$467.65/mo
30% down$436.47/mo
35% down$405.30/mo
40% down$374.12/mo
45% down$342.94/mo
50% down$311.77/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 104,000 house with a 20% down payment?
($83,200 loan. 30 year mortgage)
0.25%$239.91
0.50%$248.93
0.75%$258.16
1.00%$267.60
1.25%$277.27
1.50%$287.14
1.75%$297.23
2.00%$307.52
2.25%$318.03
2.50%$328.74
2.75%$339.66
3.00%$350.77
3.25%$362.09
3.50%$373.61
3.75%$385.31
4.00%$397.21
4.25%$409.29
4.50%$421.56
4.75%$434.01
5.00%$446.64
5.25%$459.43
5.50%$472.40
5.75%$485.53
6.00%$498.83
6.25%$512.28
6.50%$525.88
6.75%$539.63
7.00%$553.53
7.25%$567.57
7.50%$581.75
7.75%$596.05
8.00%$610.49
8.25%$625.05
8.50%$639.74
8.75%$654.53
9.00%$669.45
9.25%$684.47
9.50%$699.59
9.75%$714.82
10.00%$730.14
10.25%$745.56
10.50%$761.06
10.75%$776.66
11.00%$792.33
11.25%$808.09
11.50%$823.92
11.75%$839.83
12.00%$855.81