Mortgage Payment on a $141,000 House
What's the payment on a $141,000 house? Calculate the monthly mortgage on a house, condo, or apartment which costs $141k.
After a 20% down payment, your loan amount will be $112,800. With a 30-year loan loan at 6.75% interest:
Monthly payment = $732
Total yearly payments = $8,779
Payments by Interest Rate
Payments by Amount Down
| % Down |
Amount |
Payment |
| 3.5% |
$4,935 |
$883 |
| 5.0% |
$7,050 |
$869 |
| 7.5% |
$10,575 |
$846 |
| 10% |
$14,100 |
$823 |
| 15% |
$21,150 |
$777 |
| 20% |
$28,200 |
$732 |
| 25% |
$35,250 |
$686 |
| 30% |
$42,300 |
$640 |
| 50% |
$70,500 |
$457 |
Payments by Loan Length
| Length |
Payment |
| 10 years |
$1,295 |
| 15 years |
$998 |
| 20 years |
$858 |
| 30 years |
$732 |
| 40 years |
$681 |
| Interest only |
$635 |
Can I afford a $141,000 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 $141,000 with a 6.75% loan:
| % Down |
Down Payment |
Income Needed |
| 3.5% |
$4,935 |
$47,894 |
| 5.0% |
$7,050 |
$47,306 |
| 7.5% |
$10,575 |
$46,326 |
| 10% |
$14,100 |
$45,346 |
| 15% |
$21,150 |
$43,386 |
| 20% |
$28,200 |
$41,427 |
| 25% |
$35,250 |
$39,467 |
| 30% |
$42,300 |
$37,507 |
| 50% |
$70,500 |
$29,668 |