$85,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $85k 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 85,000 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 $85,000 house.
2% interest
0% down$314.18/mo
5% down$298.47/mo
10% down$282.76/mo
15% down$267.05/mo
20% down$251.34/mo
25% down$235.63/mo
30% down$219.92/mo
35% down$204.21/mo
40% down$188.51/mo
45% down$172.80/mo
50% down$157.09/mo
4% interest
0% down$405.80/mo
5% down$385.51/mo
10% down$365.22/mo
15% down$344.93/mo
20% down$324.64/mo
25% down$304.35/mo
30% down$284.06/mo
35% down$263.77/mo
40% down$243.48/mo
45% down$223.19/mo
50% down$202.90/mo
6% interest
0% down$509.62/mo
5% down$484.14/mo
10% down$458.66/mo
15% down$433.18/mo
20% down$407.69/mo
25% down$382.21/mo
30% down$356.73/mo
35% down$331.25/mo
40% down$305.77/mo
45% down$280.29/mo
50% down$254.81/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 85,000 house with a 20% down payment?
($68,000 loan. 30 year mortgage)
0.25%$196.08
0.50%$203.45
0.75%$210.99
1.00%$218.71
1.25%$226.61
1.50%$234.68
1.75%$242.93
2.00%$251.34
2.25%$259.93
2.50%$268.68
2.75%$277.60
3.00%$286.69
3.25%$295.94
3.50%$305.35
3.75%$314.92
4.00%$324.64
4.25%$334.52
4.50%$344.55
4.75%$354.72
5.00%$365.04
5.25%$375.50
5.50%$386.10
5.75%$396.83
6.00%$407.69
6.25%$418.69
6.50%$429.81
6.75%$441.05
7.00%$452.41
7.25%$463.88
7.50%$475.47
7.75%$487.16
8.00%$498.96
8.25%$510.86
8.50%$522.86
8.75%$534.96
9.00%$547.14
9.25%$559.42
9.50%$571.78
9.75%$584.23
10.00%$596.75
10.25%$609.35
10.50%$622.02
10.75%$634.77
11.00%$647.58
11.25%$660.46
11.50%$673.40
11.75%$686.40
12.00%$699.46