$131,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $131k 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 131,000 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 $131,000 house.
2% interest
0% down$484.20/mo
5% down$459.99/mo
10% down$435.78/mo
15% down$411.57/mo
20% down$387.36/mo
25% down$363.15/mo
30% down$338.94/mo
35% down$314.73/mo
40% down$290.52/mo
45% down$266.31/mo
50% down$242.10/mo
4% interest
0% down$625.41/mo
5% down$594.14/mo
10% down$562.87/mo
15% down$531.60/mo
20% down$500.33/mo
25% down$469.06/mo
30% down$437.79/mo
35% down$406.52/mo
40% down$375.25/mo
45% down$343.98/mo
50% down$312.71/mo
6% interest
0% down$785.41/mo
5% down$746.14/mo
10% down$706.87/mo
15% down$667.60/mo
20% down$628.33/mo
25% down$589.06/mo
30% down$549.79/mo
35% down$510.52/mo
40% down$471.25/mo
45% down$431.98/mo
50% down$392.71/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 131,000 house with a 20% down payment?
($104,800 loan. 30 year mortgage)
0.25%$302.19
0.50%$313.55
0.75%$325.18
1.00%$337.08
1.25%$349.25
1.50%$361.69
1.75%$374.39
2.00%$387.36
2.25%$400.59
2.50%$414.09
2.75%$427.84
3.00%$441.84
3.25%$456.10
3.50%$470.60
3.75%$485.35
4.00%$500.33
4.25%$515.55
4.50%$531.01
4.75%$546.69
5.00%$562.59
5.25%$578.71
5.50%$595.04
5.75%$611.58
6.00%$628.33
6.25%$645.27
6.50%$662.41
6.75%$679.73
7.00%$697.24
7.25%$714.92
7.50%$732.78
7.75%$750.80
8.00%$768.99
8.25%$787.33
8.50%$805.82
8.75%$824.46
9.00%$843.24
9.25%$862.16
9.50%$881.22
9.75%$900.39
10.00%$919.70
10.25%$939.11
10.50%$958.65
10.75%$978.29
11.00%$998.03
11.25%$1,017.88
11.50%$1,037.83
11.75%$1,057.86
12.00%$1,077.99