$123,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $123k 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 123,000 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 $123,000 house.
2% interest
0% down$454.63/mo
5% down$431.90/mo
10% down$409.17/mo
15% down$386.44/mo
20% down$363.71/mo
25% down$340.97/mo
30% down$318.24/mo
35% down$295.51/mo
40% down$272.78/mo
45% down$250.05/mo
50% down$227.32/mo
4% interest
0% down$587.22/mo
5% down$557.86/mo
10% down$528.50/mo
15% down$499.14/mo
20% down$469.78/mo
25% down$440.42/mo
30% down$411.05/mo
35% down$381.69/mo
40% down$352.33/mo
45% down$322.97/mo
50% down$293.61/mo
6% interest
0% down$737.45/mo
5% down$700.57/mo
10% down$663.70/mo
15% down$626.83/mo
20% down$589.96/mo
25% down$553.09/mo
30% down$516.21/mo
35% down$479.34/mo
40% down$442.47/mo
45% down$405.60/mo
50% down$368.72/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 123,000 house with a 20% down payment?
($98,400 loan. 30 year mortgage)
0.25%$283.74
0.50%$294.40
0.75%$305.32
1.00%$316.49
1.25%$327.92
1.50%$339.60
1.75%$351.53
2.00%$363.71
2.25%$376.13
2.50%$388.80
2.75%$401.71
3.00%$414.86
3.25%$428.24
3.50%$441.86
3.75%$455.71
4.00%$469.78
4.25%$484.07
4.50%$498.58
4.75%$513.30
5.00%$528.23
5.25%$543.37
5.50%$558.70
5.75%$574.24
6.00%$589.96
6.25%$605.87
6.50%$621.95
6.75%$638.22
7.00%$654.66
7.25%$671.26
7.50%$688.03
7.75%$704.95
8.00%$722.02
8.25%$739.25
8.50%$756.61
8.75%$774.11
9.00%$791.75
9.25%$809.51
9.50%$827.40
9.75%$845.41
10.00%$863.53
10.25%$881.76
10.50%$900.10
10.75%$918.55
11.00%$937.09
11.25%$955.72
11.50%$974.45
11.75%$993.26
12.00%$1,012.15