$121,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $121k 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 121,000 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 $121,000 house.
2% interest
0% down$447.24/mo
5% down$424.88/mo
10% down$402.52/mo
15% down$380.15/mo
20% down$357.79/mo
25% down$335.43/mo
30% down$313.07/mo
35% down$290.71/mo
40% down$268.34/mo
45% down$245.98/mo
50% down$223.62/mo
4% interest
0% down$577.67/mo
5% down$548.79/mo
10% down$519.91/mo
15% down$491.02/mo
20% down$462.14/mo
25% down$433.25/mo
30% down$404.37/mo
35% down$375.49/mo
40% down$346.60/mo
45% down$317.72/mo
50% down$288.84/mo
6% interest
0% down$725.46/mo
5% down$689.18/mo
10% down$652.91/mo
15% down$616.64/mo
20% down$580.36/mo
25% down$544.09/mo
30% down$507.82/mo
35% down$471.55/mo
40% down$435.27/mo
45% down$399.00/mo
50% down$362.73/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 121,000 house with a 20% down payment?
($96,800 loan. 30 year mortgage)
0.25%$279.13
0.50%$289.62
0.75%$300.36
1.00%$311.35
1.25%$322.59
1.50%$334.08
1.75%$345.81
2.00%$357.79
2.25%$370.01
2.50%$382.48
2.75%$395.18
3.00%$408.11
3.25%$421.28
3.50%$434.68
3.75%$448.30
4.00%$462.14
4.25%$476.20
4.50%$490.47
4.75%$504.95
5.00%$519.64
5.25%$534.53
5.50%$549.62
5.75%$564.90
6.00%$580.36
6.25%$596.01
6.50%$611.84
6.75%$627.84
7.00%$644.01
7.25%$660.35
7.50%$676.84
7.75%$693.49
8.00%$710.28
8.25%$727.23
8.50%$744.31
8.75%$761.53
9.00%$778.87
9.25%$796.35
9.50%$813.95
9.75%$831.66
10.00%$849.49
10.25%$867.43
10.50%$885.47
10.75%$903.61
11.00%$921.85
11.25%$940.18
11.50%$958.60
11.75%$977.11
12.00%$995.70