Mortgage Payment on a $143,000 House
What's the payment on a $143,000 house? Calculate the monthly mortgage on a house, condo, or apartment which costs $143k.
After a 20% down payment, your loan amount will be $114,400. With a 30-year loan loan at 6.75% interest:
Monthly payment = $742
Total yearly payments = $8,904
Payments by Interest Rate
Payments by Amount Down
| % Down |
Amount |
Payment |
| 3.5% |
$5,005 |
$895 |
| 5.0% |
$7,150 |
$881 |
| 7.5% |
$10,725 |
$858 |
| 10% |
$14,300 |
$835 |
| 15% |
$21,450 |
$788 |
| 20% |
$28,600 |
$742 |
| 25% |
$35,750 |
$696 |
| 30% |
$42,900 |
$649 |
| 50% |
$71,500 |
$464 |
Payments by Loan Length
| Length |
Payment |
| 10 years |
$1,314 |
| 15 years |
$1,012 |
| 20 years |
$870 |
| 30 years |
$742 |
| 40 years |
$690 |
| Interest only |
$644 |
Can I afford a $143,000 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 $143,000 with a 6.75% loan:
| % Down |
Down Payment |
Income Needed |
| 3.5% |
$5,005 |
$48,573 |
| 5.0% |
$7,150 |
$47,977 |
| 7.5% |
$10,725 |
$46,983 |
| 10% |
$14,300 |
$45,989 |
| 15% |
$21,450 |
$44,002 |
| 20% |
$28,600 |
$42,014 |
| 25% |
$35,750 |
$40,027 |
| 30% |
$42,900 |
$38,039 |
| 50% |
$71,500 |
$30,089 |