Mortgage Payment on a $148,000 House
What's the payment on a $148,000 house? Calculate the monthly mortgage on a house, condo, or apartment which costs $148k.
After a 20% down payment, your loan amount will be $118,400. With a 30-year loan loan at 6.75% interest:
Monthly payment = $768
Total yearly payments = $9,215
Payments by Interest Rate
Payments by Amount Down
| % Down |
Amount |
Payment |
| 3.5% |
$5,180 |
$926 |
| 5.0% |
$7,400 |
$912 |
| 7.5% |
$11,100 |
$888 |
| 10% |
$14,800 |
$864 |
| 15% |
$22,200 |
$816 |
| 20% |
$29,600 |
$768 |
| 25% |
$37,000 |
$720 |
| 30% |
$44,400 |
$672 |
| 50% |
$74,000 |
$480 |
Payments by Loan Length
| Length |
Payment |
| 10 years |
$1,360 |
| 15 years |
$1,048 |
| 20 years |
$900 |
| 30 years |
$768 |
| 40 years |
$714 |
| Interest only |
$666 |
Can I afford a $148,000 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 $148,000 with a 6.75% loan:
| % Down |
Down Payment |
Income Needed |
| 3.5% |
$5,180 |
$50,271 |
| 5.0% |
$7,400 |
$49,654 |
| 7.5% |
$11,100 |
$48,626 |
| 10% |
$14,800 |
$47,597 |
| 15% |
$22,200 |
$45,540 |
| 20% |
$29,600 |
$43,483 |
| 25% |
$37,000 |
$41,426 |
| 30% |
$44,400 |
$39,369 |
| 50% |
$74,000 |
$31,141 |