$89,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $89k 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 89,000 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 $89,000 house.
2% interest
0% down$328.96/mo
5% down$312.51/mo
10% down$296.07/mo
15% down$279.62/mo
20% down$263.17/mo
25% down$246.72/mo
30% down$230.27/mo
35% down$213.82/mo
40% down$197.38/mo
45% down$180.93/mo
50% down$164.48/mo
4% interest
0% down$424.90/mo
5% down$403.65/mo
10% down$382.41/mo
15% down$361.16/mo
20% down$339.92/mo
25% down$318.67/mo
30% down$297.43/mo
35% down$276.18/mo
40% down$254.94/mo
45% down$233.69/mo
50% down$212.45/mo
6% interest
0% down$533.60/mo
5% down$506.92/mo
10% down$480.24/mo
15% down$453.56/mo
20% down$426.88/mo
25% down$400.20/mo
30% down$373.52/mo
35% down$346.84/mo
40% down$320.16/mo
45% down$293.48/mo
50% down$266.80/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 89,000 house with a 20% down payment?
($71,200 loan. 30 year mortgage)
0.25%$205.31
0.50%$213.02
0.75%$220.92
1.00%$229.01
1.25%$237.28
1.50%$245.73
1.75%$254.36
2.00%$263.17
2.25%$272.16
2.50%$281.33
2.75%$290.67
3.00%$300.18
3.25%$309.87
3.50%$319.72
3.75%$329.74
4.00%$339.92
4.25%$350.26
4.50%$360.76
4.75%$371.41
5.00%$382.22
5.25%$393.17
5.50%$404.27
5.75%$415.50
6.00%$426.88
6.25%$438.39
6.50%$450.03
6.75%$461.80
7.00%$473.70
7.25%$485.71
7.50%$497.84
7.75%$510.09
8.00%$522.44
8.25%$534.90
8.50%$547.47
8.75%$560.13
9.00%$572.89
9.25%$585.74
9.50%$598.69
9.75%$611.72
10.00%$624.83
10.25%$638.02
10.50%$651.29
10.75%$664.64
11.00%$678.05
11.25%$691.54
11.50%$705.09
11.75%$718.70
12.00%$732.37