$80,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $80k 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 80,000 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 $80,000 house.
2% interest
0% down$295.70/mo
5% down$280.91/mo
10% down$266.13/mo
15% down$251.34/mo
20% down$236.56/mo
25% down$221.77/mo
30% down$206.99/mo
35% down$192.20/mo
40% down$177.42/mo
45% down$162.63/mo
50% down$147.85/mo
4% interest
0% down$381.93/mo
5% down$362.84/mo
10% down$343.74/mo
15% down$324.64/mo
20% down$305.55/mo
25% down$286.45/mo
30% down$267.35/mo
35% down$248.26/mo
40% down$229.16/mo
45% down$210.06/mo
50% down$190.97/mo
6% interest
0% down$479.64/mo
5% down$455.66/mo
10% down$431.68/mo
15% down$407.69/mo
20% down$383.71/mo
25% down$359.73/mo
30% down$335.75/mo
35% down$311.77/mo
40% down$287.78/mo
45% down$263.80/mo
50% down$239.82/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 80,000 house with a 20% down payment?
($64,000 loan. 30 year mortgage)
0.25%$184.55
0.50%$191.48
0.75%$198.58
1.00%$205.85
1.25%$213.28
1.50%$220.88
1.75%$228.64
2.00%$236.56
2.25%$244.64
2.50%$252.88
2.75%$261.27
3.00%$269.83
3.25%$278.53
3.50%$287.39
3.75%$296.39
4.00%$305.55
4.25%$314.84
4.50%$324.28
4.75%$333.85
5.00%$343.57
5.25%$353.41
5.50%$363.38
5.75%$373.49
6.00%$383.71
6.25%$394.06
6.50%$404.52
6.75%$415.10
7.00%$425.79
7.25%$436.59
7.50%$447.50
7.75%$458.50
8.00%$469.61
8.25%$480.81
8.50%$492.10
8.75%$503.49
9.00%$514.96
9.25%$526.51
9.50%$538.15
9.75%$549.86
10.00%$561.65
10.25%$573.50
10.50%$585.43
10.75%$597.43
11.00%$609.49
11.25%$621.61
11.50%$633.79
11.75%$646.02
12.00%$658.31