$83,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $83k 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 83,000 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 $83,000 house.
2% interest
0% down$306.78/mo
5% down$291.44/mo
10% down$276.11/mo
15% down$260.77/mo
20% down$245.43/mo
25% down$230.09/mo
30% down$214.75/mo
35% down$199.41/mo
40% down$184.07/mo
45% down$168.73/mo
50% down$153.39/mo
4% interest
0% down$396.25/mo
5% down$376.44/mo
10% down$356.63/mo
15% down$336.82/mo
20% down$317.00/mo
25% down$297.19/mo
30% down$277.38/mo
35% down$257.57/mo
40% down$237.75/mo
45% down$217.94/mo
50% down$198.13/mo
6% interest
0% down$497.63/mo
5% down$472.75/mo
10% down$447.86/mo
15% down$422.98/mo
20% down$398.10/mo
25% down$373.22/mo
30% down$348.34/mo
35% down$323.46/mo
40% down$298.58/mo
45% down$273.69/mo
50% down$248.81/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 83,000 house with a 20% down payment?
($66,400 loan. 30 year mortgage)
0.25%$191.47
0.50%$198.66
0.75%$206.03
1.00%$213.57
1.25%$221.28
1.50%$229.16
1.75%$237.21
2.00%$245.43
2.25%$253.81
2.50%$262.36
2.75%$271.07
3.00%$279.95
3.25%$288.98
3.50%$298.17
3.75%$307.51
4.00%$317.00
4.25%$326.65
4.50%$336.44
4.75%$346.37
5.00%$356.45
5.25%$366.66
5.50%$377.01
5.75%$387.49
6.00%$398.10
6.25%$408.84
6.50%$419.69
6.75%$430.67
7.00%$441.76
7.25%$452.97
7.50%$464.28
7.75%$475.70
8.00%$487.22
8.25%$498.84
8.50%$510.56
8.75%$522.37
9.00%$534.27
9.25%$546.26
9.50%$558.33
9.75%$570.48
10.00%$582.71
10.25%$595.01
10.50%$607.39
10.75%$619.83
11.00%$632.34
11.25%$644.92
11.50%$657.55
11.75%$670.25
12.00%$683.00