$106,000 Mortgage Loan Payments and Costs

$
$
%
years
%

Loan Summary


Use the mortgage calculator to calculate the cost of buying a $106k 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 106,000 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 $106,000 house.
2% interest
0% down$391.80/mo
5% down$372.21/mo
10% down$352.62/mo
15% down$333.03/mo
20% down$313.44/mo
25% down$293.85/mo
30% down$274.26/mo
35% down$254.67/mo
40% down$235.08/mo
45% down$215.49/mo
50% down$195.90/mo
4% interest
0% down$506.06/mo
5% down$480.76/mo
10% down$455.45/mo
15% down$430.15/mo
20% down$404.85/mo
25% down$379.55/mo
30% down$354.24/mo
35% down$328.94/mo
40% down$303.64/mo
45% down$278.33/mo
50% down$253.03/mo
6% interest
0% down$635.52/mo
5% down$603.75/mo
10% down$571.97/mo
15% down$540.20/mo
20% down$508.42/mo
25% down$476.64/mo
30% down$444.87/mo
35% down$413.09/mo
40% down$381.31/mo
45% down$349.54/mo
50% down$317.76/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 106,000 house with a 20% down payment?
($84,800 loan. 30 year mortgage)
0.25%$244.52
0.50%$253.71
0.75%$263.12
1.00%$272.75
1.25%$282.60
1.50%$292.66
1.75%$302.94
2.00%$313.44
2.25%$324.14
2.50%$335.06
2.75%$346.19
3.00%$357.52
3.25%$369.05
3.50%$380.79
3.75%$392.72
4.00%$404.85
4.25%$417.17
4.50%$429.67
4.75%$442.36
5.00%$455.22
5.25%$468.27
5.50%$481.49
5.75%$494.87
6.00%$508.42
6.25%$522.13
6.50%$535.99
6.75%$550.01
7.00%$564.18
7.25%$578.49
7.50%$592.93
7.75%$607.52
8.00%$622.23
8.25%$637.07
8.50%$652.04
8.75%$667.12
9.00%$682.32
9.25%$697.63
9.50%$713.04
9.75%$728.56
10.00%$744.18
10.25%$759.89
10.50%$775.70
10.75%$791.59
11.00%$807.57
11.25%$823.63
11.50%$839.77
11.75%$855.98
12.00%$872.26