$128,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $128k 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 128,000 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 $128,000 house.
2% interest
0% down$473.11/mo
5% down$449.46/mo
10% down$425.80/mo
15% down$402.15/mo
20% down$378.49/mo
25% down$354.83/mo
30% down$331.18/mo
35% down$307.52/mo
40% down$283.87/mo
45% down$260.21/mo
50% down$236.56/mo
4% interest
0% down$611.09/mo
5% down$580.54/mo
10% down$549.98/mo
15% down$519.43/mo
20% down$488.87/mo
25% down$458.32/mo
30% down$427.76/mo
35% down$397.21/mo
40% down$366.65/mo
45% down$336.10/mo
50% down$305.55/mo
6% interest
0% down$767.42/mo
5% down$729.05/mo
10% down$690.68/mo
15% down$652.31/mo
20% down$613.94/mo
25% down$575.57/mo
30% down$537.20/mo
35% down$498.83/mo
40% down$460.45/mo
45% down$422.08/mo
50% down$383.71/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 128,000 house with a 20% down payment?
($102,400 loan. 30 year mortgage)
0.25%$295.27
0.50%$306.37
0.75%$317.73
1.00%$329.36
1.25%$341.25
1.50%$353.40
1.75%$365.82
2.00%$378.49
2.25%$391.42
2.50%$404.60
2.75%$418.04
3.00%$431.72
3.25%$445.65
3.50%$459.82
3.75%$474.23
4.00%$488.87
4.25%$503.75
4.50%$518.85
4.75%$534.17
5.00%$549.71
5.25%$565.46
5.50%$581.42
5.75%$597.58
6.00%$613.94
6.25%$630.49
6.50%$647.24
6.75%$664.16
7.00%$681.27
7.25%$698.55
7.50%$716.00
7.75%$733.61
8.00%$751.37
8.25%$769.30
8.50%$787.37
8.75%$805.58
9.00%$823.93
9.25%$842.42
9.50%$861.03
9.75%$879.77
10.00%$898.63
10.25%$917.61
10.50%$936.69
10.75%$955.88
11.00%$975.18
11.25%$994.57
11.50%$1,014.06
11.75%$1,033.64
12.00%$1,053.30