Mortgage Payment on a $125,000 House
What's the payment on a $125,000 house? Calculate the monthly mortgage on a house, condo, or apartment which costs $125k.
After a 20% down payment, your loan amount will be $100,000. With a 30-year loan loan at 6.75% interest:
Monthly payment = $649
Total yearly payments = $7,783
Payments by Interest Rate
Payments by Amount Down
| % Down |
Amount |
Payment |
| 3.5% |
$4,375 |
$782 |
| 5.0% |
$6,250 |
$770 |
| 7.5% |
$9,375 |
$750 |
| 10% |
$12,500 |
$730 |
| 15% |
$18,750 |
$689 |
| 20% |
$25,000 |
$649 |
| 25% |
$31,250 |
$608 |
| 30% |
$37,500 |
$568 |
| 50% |
$62,500 |
$405 |
Payments by Loan Length
| Length |
Payment |
| 10 years |
$1,148 |
| 15 years |
$885 |
| 20 years |
$760 |
| 30 years |
$649 |
| 40 years |
$603 |
| Interest only |
$563 |
Can I afford a $125,000 house?
Traditionally, the "28% rule" means a person should not spend more than 28% of their pre-tax income on total housing costs.
Let's assume that taxes and insurance are 2% of the house price annually. Here's how much you'd have to make to afford a house that costs $125,000 with a 6.75% loan:
| % Down |
Down Payment |
Income Needed |
| 3.5% |
$4,375 |
$42,459 |
| 5.0% |
$6,250 |
$41,938 |
| 7.5% |
$9,375 |
$41,069 |
| 10% |
$12,500 |
$40,200 |
| 15% |
$18,750 |
$38,463 |
| 20% |
$25,000 |
$36,726 |
| 25% |
$31,250 |
$34,988 |
| 30% |
$37,500 |
$33,251 |
| 50% |
$62,500 |
$26,302 |