$187,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $187k 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 187,000 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 $187,000 house.
2% interest
0% down$691.19/mo
5% down$656.63/mo
10% down$622.07/mo
15% down$587.51/mo
20% down$552.95/mo
25% down$518.39/mo
30% down$483.83/mo
35% down$449.27/mo
40% down$414.71/mo
45% down$380.15/mo
50% down$345.59/mo
4% interest
0% down$892.77/mo
5% down$848.13/mo
10% down$803.49/mo
15% down$758.85/mo
20% down$714.21/mo
25% down$669.57/mo
30% down$624.94/mo
35% down$580.30/mo
40% down$535.66/mo
45% down$491.02/mo
50% down$446.38/mo
6% interest
0% down$1,121.16/mo
5% down$1,065.10/mo
10% down$1,009.04/mo
15% down$952.99/mo
20% down$896.93/mo
25% down$840.87/mo
30% down$784.81/mo
35% down$728.75/mo
40% down$672.70/mo
45% down$616.64/mo
50% down$560.58/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 187,000 house with a 20% down payment?
($149,600 loan. 30 year mortgage)
0.25%$431.38
0.50%$447.59
0.75%$464.19
1.00%$481.17
1.25%$498.54
1.50%$516.30
1.75%$534.44
2.00%$552.95
2.25%$571.84
2.50%$591.10
2.75%$610.73
3.00%$630.72
3.25%$651.07
3.50%$671.77
3.75%$692.82
4.00%$714.21
4.25%$735.94
4.50%$758.00
4.75%$780.38
5.00%$803.09
5.25%$826.10
5.50%$849.41
5.75%$873.02
6.00%$896.93
6.25%$921.11
6.50%$945.57
6.75%$970.30
7.00%$995.29
7.25%$1,020.54
7.50%$1,046.02
7.75%$1,071.75
8.00%$1,097.71
8.25%$1,123.89
8.50%$1,150.29
8.75%$1,176.90
9.00%$1,203.72
9.25%$1,230.72
9.50%$1,257.92
9.75%$1,285.30
10.00%$1,312.85
10.25%$1,340.57
10.50%$1,368.45
10.75%$1,396.49
11.00%$1,424.68
11.25%$1,453.01
11.50%$1,481.48
11.75%$1,510.08
12.00%$1,538.80