$117,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $117k 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 117,000 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 $117,000 house.
2% interest
0% down$432.45/mo
5% down$410.83/mo
10% down$389.21/mo
15% down$367.59/mo
20% down$345.96/mo
25% down$324.34/mo
30% down$302.72/mo
35% down$281.10/mo
40% down$259.47/mo
45% down$237.85/mo
50% down$216.23/mo
4% interest
0% down$558.58/mo
5% down$530.65/mo
10% down$502.72/mo
15% down$474.79/mo
20% down$446.86/mo
25% down$418.93/mo
30% down$391.00/mo
35% down$363.07/mo
40% down$335.15/mo
45% down$307.22/mo
50% down$279.29/mo
6% interest
0% down$701.47/mo
5% down$666.40/mo
10% down$631.33/mo
15% down$596.25/mo
20% down$561.18/mo
25% down$526.11/mo
30% down$491.03/mo
35% down$455.96/mo
40% down$420.88/mo
45% down$385.81/mo
50% down$350.74/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 117,000 house with a 20% down payment?
($93,600 loan. 30 year mortgage)
0.25%$269.90
0.50%$280.04
0.75%$290.43
1.00%$301.05
1.25%$311.92
1.50%$323.03
1.75%$334.38
2.00%$345.96
2.25%$357.78
2.50%$369.83
2.75%$382.11
3.00%$394.62
3.25%$407.35
3.50%$420.31
3.75%$433.48
4.00%$446.86
4.25%$460.46
4.50%$474.26
4.75%$488.26
5.00%$502.47
5.25%$516.86
5.50%$531.45
5.75%$546.22
6.00%$561.18
6.25%$576.31
6.50%$591.62
6.75%$607.09
7.00%$622.72
7.25%$638.52
7.50%$654.46
7.75%$670.56
8.00%$686.80
8.25%$703.19
8.50%$719.70
8.75%$736.35
9.00%$753.13
9.25%$770.02
9.50%$787.04
9.75%$804.17
10.00%$821.41
10.25%$838.75
10.50%$856.20
10.75%$873.74
11.00%$891.37
11.25%$909.10
11.50%$926.91
11.75%$944.81
12.00%$962.78