$114,000 Mortgage Loan Payments and Costs

$
$
%
years
%

Loan Summary


Use the mortgage calculator to calculate the cost of buying a $114k 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 114,000 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 $114,000 house.
2% interest
0% down$421.37/mo
5% down$400.30/mo
10% down$379.23/mo
15% down$358.16/mo
20% down$337.09/mo
25% down$316.02/mo
30% down$294.96/mo
35% down$273.89/mo
40% down$252.82/mo
45% down$231.75/mo
50% down$210.68/mo
4% interest
0% down$544.25/mo
5% down$517.04/mo
10% down$489.83/mo
15% down$462.62/mo
20% down$435.40/mo
25% down$408.19/mo
30% down$380.98/mo
35% down$353.76/mo
40% down$326.55/mo
45% down$299.34/mo
50% down$272.13/mo
6% interest
0% down$683.49/mo
5% down$649.31/mo
10% down$615.14/mo
15% down$580.96/mo
20% down$546.79/mo
25% down$512.62/mo
30% down$478.44/mo
35% down$444.27/mo
40% down$410.09/mo
45% down$375.92/mo
50% down$341.74/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 114,000 house with a 20% down payment?
($91,200 loan. 30 year mortgage)
0.25%$262.98
0.50%$272.86
0.75%$282.98
1.00%$293.34
1.25%$303.93
1.50%$314.75
1.75%$325.81
2.00%$337.09
2.25%$348.61
2.50%$360.35
2.75%$372.32
3.00%$384.50
3.25%$396.91
3.50%$409.53
3.75%$422.36
4.00%$435.40
4.25%$448.65
4.50%$462.10
4.75%$475.74
5.00%$489.58
5.25%$503.61
5.50%$517.82
5.75%$532.22
6.00%$546.79
6.25%$561.53
6.50%$576.45
6.75%$591.52
7.00%$606.76
7.25%$622.14
7.50%$637.68
7.75%$653.37
8.00%$669.19
8.25%$685.16
8.50%$701.25
8.75%$717.47
9.00%$733.82
9.25%$750.28
9.50%$766.86
9.75%$783.55
10.00%$800.35
10.25%$817.24
10.50%$834.24
10.75%$851.34
11.00%$868.52
11.25%$885.79
11.50%$903.15
11.75%$920.58
12.00%$938.09