$124,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $124k 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 124,000 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 $124,000 house.
2% interest
0% down$458.33/mo
5% down$435.41/mo
10% down$412.50/mo
15% down$389.58/mo
20% down$366.66/mo
25% down$343.75/mo
30% down$320.83/mo
35% down$297.91/mo
40% down$275.00/mo
45% down$252.08/mo
50% down$229.16/mo
4% interest
0% down$591.99/mo
5% down$562.40/mo
10% down$532.80/mo
15% down$503.20/mo
20% down$473.60/mo
25% down$444.00/mo
30% down$414.40/mo
35% down$384.80/mo
40% down$355.20/mo
45% down$325.60/mo
50% down$296.00/mo
6% interest
0% down$743.44/mo
5% down$706.27/mo
10% down$669.10/mo
15% down$631.93/mo
20% down$594.75/mo
25% down$557.58/mo
30% down$520.41/mo
35% down$483.24/mo
40% down$446.07/mo
45% down$408.89/mo
50% down$371.72/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 124,000 house with a 20% down payment?
($99,200 loan. 30 year mortgage)
0.25%$286.05
0.50%$296.80
0.75%$307.80
1.00%$319.07
1.25%$330.59
1.50%$342.36
1.75%$354.39
2.00%$366.66
2.25%$379.19
2.50%$391.96
2.75%$404.98
3.00%$418.23
3.25%$431.72
3.50%$445.45
3.75%$459.41
4.00%$473.60
4.25%$488.00
4.50%$502.63
4.75%$517.47
5.00%$532.53
5.25%$547.79
5.50%$563.25
5.75%$578.90
6.00%$594.75
6.25%$610.79
6.50%$627.01
6.75%$643.41
7.00%$659.98
7.25%$676.72
7.50%$693.62
7.75%$710.68
8.00%$727.89
8.25%$745.26
8.50%$762.76
8.75%$780.41
9.00%$798.19
9.25%$816.09
9.50%$834.13
9.75%$852.28
10.00%$870.55
10.25%$888.93
10.50%$907.42
10.75%$926.01
11.00%$944.70
11.25%$963.49
11.50%$982.37
11.75%$1,001.33
12.00%$1,020.38