Mortgage Payment on a $139,000 House
What's the payment on a $139,000 house? Calculate the monthly mortgage on a house, condo, or apartment which costs $139k.
After a 20% down payment, your loan amount will be $111,200. With a 30-year loan loan at 6.75% interest:
Monthly payment = $721
Total yearly payments = $8,655
Payments by Interest Rate
Payments by Amount Down
| % Down |
Amount |
Payment |
| 3.5% |
$4,865 |
$870 |
| 5.0% |
$6,950 |
$856 |
| 7.5% |
$10,425 |
$834 |
| 10% |
$13,900 |
$811 |
| 15% |
$20,850 |
$766 |
| 20% |
$27,800 |
$721 |
| 25% |
$34,750 |
$676 |
| 30% |
$41,700 |
$631 |
| 50% |
$69,500 |
$451 |
Payments by Loan Length
| Length |
Payment |
| 10 years |
$1,277 |
| 15 years |
$984 |
| 20 years |
$846 |
| 30 years |
$721 |
| 40 years |
$671 |
| Interest only |
$626 |
Can I afford a $139,000 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 $139,000 with a 6.75% loan:
| % Down |
Down Payment |
Income Needed |
| 3.5% |
$4,865 |
$47,214 |
| 5.0% |
$6,950 |
$46,635 |
| 7.5% |
$10,425 |
$45,669 |
| 10% |
$13,900 |
$44,703 |
| 15% |
$20,850 |
$42,771 |
| 20% |
$27,800 |
$40,839 |
| 25% |
$34,750 |
$38,907 |
| 30% |
$41,700 |
$36,975 |
| 50% |
$69,500 |
$29,248 |