$109,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $109k 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 109,000 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 $109,000 house.
2% interest
0% down$402.89/mo
5% down$382.74/mo
10% down$362.60/mo
15% down$342.45/mo
20% down$322.31/mo
25% down$302.16/mo
30% down$282.02/mo
35% down$261.88/mo
40% down$241.73/mo
45% down$221.59/mo
50% down$201.44/mo
4% interest
0% down$520.38/mo
5% down$494.36/mo
10% down$468.34/mo
15% down$442.33/mo
20% down$416.31/mo
25% down$390.29/mo
30% down$364.27/mo
35% down$338.25/mo
40% down$312.23/mo
45% down$286.21/mo
50% down$260.19/mo
6% interest
0% down$653.51/mo
5% down$620.83/mo
10% down$588.16/mo
15% down$555.48/mo
20% down$522.81/mo
25% down$490.13/mo
30% down$457.46/mo
35% down$424.78/mo
40% down$392.11/mo
45% down$359.43/mo
50% down$326.76/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 109,000 house with a 20% down payment?
($87,200 loan. 30 year mortgage)
0.25%$251.44
0.50%$260.89
0.75%$270.57
1.00%$280.47
1.25%$290.60
1.50%$300.94
1.75%$311.52
2.00%$322.31
2.25%$333.32
2.50%$344.55
2.75%$355.99
3.00%$367.64
3.25%$379.50
3.50%$391.57
3.75%$403.84
4.00%$416.31
4.25%$428.97
4.50%$441.83
4.75%$454.88
5.00%$468.11
5.25%$481.52
5.50%$495.11
5.75%$508.88
6.00%$522.81
6.25%$536.91
6.50%$551.16
6.75%$565.58
7.00%$580.14
7.25%$594.86
7.50%$609.72
7.75%$624.71
8.00%$639.84
8.25%$655.10
8.50%$670.49
8.75%$686.00
9.00%$701.63
9.25%$717.37
9.50%$733.22
9.75%$749.18
10.00%$765.24
10.25%$781.40
10.50%$797.65
10.75%$814.00
11.00%$830.43
11.25%$846.94
11.50%$863.53
11.75%$880.21
12.00%$896.95