$96,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $96k 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 96,000 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 $96,000 house.
2% interest
0% down$354.83/mo
5% down$337.09/mo
10% down$319.35/mo
15% down$301.61/mo
20% down$283.87/mo
25% down$266.13/mo
30% down$248.38/mo
35% down$230.64/mo
40% down$212.90/mo
45% down$195.16/mo
50% down$177.42/mo
4% interest
0% down$458.32/mo
5% down$435.40/mo
10% down$412.49/mo
15% down$389.57/mo
20% down$366.65/mo
25% down$343.74/mo
30% down$320.82/mo
35% down$297.91/mo
40% down$274.99/mo
45% down$252.08/mo
50% down$229.16/mo
6% interest
0% down$575.57/mo
5% down$546.79/mo
10% down$518.01/mo
15% down$489.23/mo
20% down$460.45/mo
25% down$431.68/mo
30% down$402.90/mo
35% down$374.12/mo
40% down$345.34/mo
45% down$316.56/mo
50% down$287.78/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 96,000 house with a 20% down payment?
($76,800 loan. 30 year mortgage)
0.25%$221.46
0.50%$229.78
0.75%$238.30
1.00%$247.02
1.25%$255.94
1.50%$265.05
1.75%$274.36
2.00%$283.87
2.25%$293.57
2.50%$303.45
2.75%$313.53
3.00%$323.79
3.25%$334.24
3.50%$344.87
3.75%$355.67
4.00%$366.65
4.25%$377.81
4.50%$389.13
4.75%$400.63
5.00%$412.28
5.25%$424.09
5.50%$436.06
5.75%$448.18
6.00%$460.45
6.25%$472.87
6.50%$485.43
6.75%$498.12
7.00%$510.95
7.25%$523.91
7.50%$537.00
7.75%$550.20
8.00%$563.53
8.25%$576.97
8.50%$590.53
8.75%$604.19
9.00%$617.95
9.25%$631.81
9.50%$645.78
9.75%$659.83
10.00%$673.97
10.25%$688.21
10.50%$702.52
10.75%$716.91
11.00%$731.38
11.25%$745.93
11.50%$760.54
11.75%$775.23
12.00%$789.97