Mortgage Payment on a $133,000 House
What's the payment on a $133,000 house? Calculate the monthly mortgage on a house, condo, or apartment which costs $133k.
After a 20% down payment, your loan amount will be $106,400. With a 30-year loan loan at 6.75% interest:
Monthly payment = $690
Total yearly payments = $8,281
Payments by Interest Rate
Payments by Amount Down
| % Down |
Amount |
Payment |
| 3.5% |
$4,655 |
$832 |
| 5.0% |
$6,650 |
$820 |
| 7.5% |
$9,975 |
$798 |
| 10% |
$13,300 |
$776 |
| 15% |
$19,950 |
$733 |
| 20% |
$26,600 |
$690 |
| 25% |
$33,250 |
$647 |
| 30% |
$39,900 |
$604 |
| 50% |
$66,500 |
$431 |
Payments by Loan Length
| Length |
Payment |
| 10 years |
$1,222 |
| 15 years |
$942 |
| 20 years |
$809 |
| 30 years |
$690 |
| 40 years |
$642 |
| Interest only |
$599 |
Can I afford a $133,000 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 $133,000 with a 6.75% loan:
| % Down |
Down Payment |
Income Needed |
| 3.5% |
$4,655 |
$45,176 |
| 5.0% |
$6,650 |
$44,622 |
| 7.5% |
$9,975 |
$43,697 |
| 10% |
$13,300 |
$42,773 |
| 15% |
$19,950 |
$40,925 |
| 20% |
$26,600 |
$39,076 |
| 25% |
$33,250 |
$37,228 |
| 30% |
$39,900 |
$35,379 |
| 50% |
$66,500 |
$27,985 |