$108,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $108k 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 108,000 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 $108,000 house.
2% interest
0% down$399.19/mo
5% down$379.23/mo
10% down$359.27/mo
15% down$339.31/mo
20% down$319.35/mo
25% down$299.39/mo
30% down$279.43/mo
35% down$259.47/mo
40% down$239.51/mo
45% down$219.55/mo
50% down$199.59/mo
4% interest
0% down$515.61/mo
5% down$489.83/mo
10% down$464.05/mo
15% down$438.27/mo
20% down$412.49/mo
25% down$386.71/mo
30% down$360.93/mo
35% down$335.15/mo
40% down$309.37/mo
45% down$283.58/mo
50% down$257.80/mo
6% interest
0% down$647.51/mo
5% down$615.14/mo
10% down$582.76/mo
15% down$550.39/mo
20% down$518.01/mo
25% down$485.64/mo
30% down$453.26/mo
35% down$420.88/mo
40% down$388.51/mo
45% down$356.13/mo
50% down$323.76/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 108,000 house with a 20% down payment?
($86,400 loan. 30 year mortgage)
0.25%$249.14
0.50%$258.50
0.75%$268.09
1.00%$277.90
1.25%$287.93
1.50%$298.18
1.75%$308.66
2.00%$319.35
2.25%$330.26
2.50%$341.38
2.75%$352.72
3.00%$364.27
3.25%$376.02
3.50%$387.97
3.75%$400.13
4.00%$412.49
4.25%$425.04
4.50%$437.78
4.75%$450.70
5.00%$463.81
5.25%$477.10
5.50%$490.57
5.75%$504.21
6.00%$518.01
6.25%$531.98
6.50%$546.11
6.75%$560.39
7.00%$574.82
7.25%$589.40
7.50%$604.12
7.75%$618.98
8.00%$633.97
8.25%$649.09
8.50%$664.34
8.75%$679.71
9.00%$695.19
9.25%$710.79
9.50%$726.50
9.75%$742.31
10.00%$758.22
10.25%$774.23
10.50%$790.33
10.75%$806.53
11.00%$822.81
11.25%$839.17
11.50%$855.61
11.75%$872.13
12.00%$888.72