$115,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $115k 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 115,000 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 $115,000 house.
2% interest
0% down$425.06/mo
5% down$403.81/mo
10% down$382.56/mo
15% down$361.30/mo
20% down$340.05/mo
25% down$318.80/mo
30% down$297.54/mo
35% down$276.29/mo
40% down$255.04/mo
45% down$233.78/mo
50% down$212.53/mo
4% interest
0% down$549.03/mo
5% down$521.58/mo
10% down$494.12/mo
15% down$466.67/mo
20% down$439.22/mo
25% down$411.77/mo
30% down$384.32/mo
35% down$356.87/mo
40% down$329.42/mo
45% down$301.97/mo
50% down$274.51/mo
6% interest
0% down$689.48/mo
5% down$655.01/mo
10% down$620.53/mo
15% down$586.06/mo
20% down$551.59/mo
25% down$517.11/mo
30% down$482.64/mo
35% down$448.16/mo
40% down$413.69/mo
45% down$379.22/mo
50% down$344.74/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 115,000 house with a 20% down payment?
($92,000 loan. 30 year mortgage)
0.25%$265.29
0.50%$275.25
0.75%$285.46
1.00%$295.91
1.25%$306.59
1.50%$317.51
1.75%$328.66
2.00%$340.05
2.25%$351.67
2.50%$363.51
2.75%$375.58
3.00%$387.88
3.25%$400.39
3.50%$413.12
3.75%$426.07
4.00%$439.22
4.25%$452.58
4.50%$466.15
4.75%$479.92
5.00%$493.88
5.25%$508.03
5.50%$522.37
5.75%$536.89
6.00%$551.59
6.25%$566.46
6.50%$581.50
6.75%$596.71
7.00%$612.08
7.25%$627.60
7.50%$643.28
7.75%$659.10
8.00%$675.06
8.25%$691.17
8.50%$707.40
8.75%$723.76
9.00%$740.25
9.25%$756.86
9.50%$773.59
9.75%$790.42
10.00%$807.37
10.25%$824.41
10.50%$841.56
10.75%$858.80
11.00%$876.14
11.25%$893.56
11.50%$911.07
11.75%$928.66
12.00%$946.32