$122,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $122k 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 122,000 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 $122,000 house.
2% interest
0% down$450.94/mo
5% down$428.39/mo
10% down$405.84/mo
15% down$383.30/mo
20% down$360.75/mo
25% down$338.20/mo
30% down$315.66/mo
35% down$293.11/mo
40% down$270.56/mo
45% down$248.01/mo
50% down$225.47/mo
4% interest
0% down$582.45/mo
5% down$553.32/mo
10% down$524.20/mo
15% down$495.08/mo
20% down$465.96/mo
25% down$436.83/mo
30% down$407.71/mo
35% down$378.59/mo
40% down$349.47/mo
45% down$320.35/mo
50% down$291.22/mo
6% interest
0% down$731.45/mo
5% down$694.88/mo
10% down$658.31/mo
15% down$621.73/mo
20% down$585.16/mo
25% down$548.59/mo
30% down$512.02/mo
35% down$475.44/mo
40% down$438.87/mo
45% down$402.30/mo
50% down$365.73/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 122,000 house with a 20% down payment?
($97,600 loan. 30 year mortgage)
0.25%$281.43
0.50%$292.01
0.75%$302.84
1.00%$313.92
1.25%$325.25
1.50%$336.84
1.75%$348.67
2.00%$360.75
2.25%$373.07
2.50%$385.64
2.75%$398.44
3.00%$411.49
3.25%$424.76
3.50%$438.27
3.75%$452.00
4.00%$465.96
4.25%$480.13
4.50%$494.52
4.75%$509.13
5.00%$523.94
5.25%$538.95
5.50%$554.16
5.75%$569.57
6.00%$585.16
6.25%$600.94
6.50%$616.90
6.75%$633.03
7.00%$649.34
7.25%$665.80
7.50%$682.43
7.75%$699.22
8.00%$716.15
8.25%$733.24
8.50%$750.46
8.75%$767.82
9.00%$785.31
9.25%$802.93
9.50%$820.67
9.75%$838.53
10.00%$856.51
10.25%$874.59
10.50%$892.79
10.75%$911.08
11.00%$929.47
11.25%$947.95
11.50%$966.52
11.75%$985.18
12.00%$1,003.93