$130,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $130k 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 130,000 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 $130,000 house.
2% interest
0% down$480.51/mo
5% down$456.48/mo
10% down$432.45/mo
15% down$408.43/mo
20% down$384.40/mo
25% down$360.38/mo
30% down$336.35/mo
35% down$312.33/mo
40% down$288.30/mo
45% down$264.28/mo
50% down$240.25/mo
4% interest
0% down$620.64/mo
5% down$589.61/mo
10% down$558.58/mo
15% down$527.54/mo
20% down$496.51/mo
25% down$465.48/mo
30% down$434.45/mo
35% down$403.42/mo
40% down$372.38/mo
45% down$341.35/mo
50% down$310.32/mo
6% interest
0% down$779.42/mo
5% down$740.44/mo
10% down$701.47/mo
15% down$662.50/mo
20% down$623.53/mo
25% down$584.56/mo
30% down$545.59/mo
35% down$506.62/mo
40% down$467.65/mo
45% down$428.68/mo
50% down$389.71/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 130,000 house with a 20% down payment?
($104,000 loan. 30 year mortgage)
0.25%$299.89
0.50%$311.16
0.75%$322.70
1.00%$334.51
1.25%$346.58
1.50%$358.93
1.75%$371.53
2.00%$384.40
2.25%$397.54
2.50%$410.93
2.75%$424.57
3.00%$438.47
3.25%$452.61
3.50%$467.01
3.75%$481.64
4.00%$496.51
4.25%$511.62
4.50%$526.95
4.75%$542.51
5.00%$558.29
5.25%$574.29
5.50%$590.50
5.75%$606.92
6.00%$623.53
6.25%$640.35
6.50%$657.35
6.75%$674.54
7.00%$691.91
7.25%$709.46
7.50%$727.18
7.75%$745.07
8.00%$763.12
8.25%$781.32
8.50%$799.67
8.75%$818.17
9.00%$836.81
9.25%$855.58
9.50%$874.49
9.75%$893.52
10.00%$912.67
10.25%$931.95
10.50%$951.33
10.75%$970.82
11.00%$990.42
11.25%$1,010.11
11.50%$1,029.90
11.75%$1,049.79
12.00%$1,069.76