Mortgage Payment on a $183,000 House
What's the payment on a $183,000 house? Calculate the monthly mortgage on a house, condo, or apartment which costs $183k.
After a 20% down payment, your loan amount will be $146,400. With a 30-year loan loan at 6.75% interest:
Monthly payment = $950
Total yearly payments = $11,395
Payments by Interest Rate
Payments by Amount Down
| % Down |
Amount |
Payment |
| 3.5% |
$6,405 |
$1,145 |
| 5.0% |
$9,150 |
$1,128 |
| 7.5% |
$13,725 |
$1,098 |
| 10% |
$18,300 |
$1,068 |
| 15% |
$27,450 |
$1,009 |
| 20% |
$36,600 |
$950 |
| 25% |
$45,750 |
$890 |
| 30% |
$54,900 |
$831 |
| 50% |
$91,500 |
$593 |
Payments by Loan Length
| Length |
Payment |
| 10 years |
$1,681 |
| 15 years |
$1,296 |
| 20 years |
$1,113 |
| 30 years |
$950 |
| 40 years |
$883 |
| Interest only |
$824 |
Can I afford a $183,000 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 $183,000 with a 6.75% loan:
| % Down |
Down Payment |
Income Needed |
| 3.5% |
$6,405 |
$62,160 |
| 5.0% |
$9,150 |
$61,397 |
| 7.5% |
$13,725 |
$60,125 |
| 10% |
$18,300 |
$58,853 |
| 15% |
$27,450 |
$56,310 |
| 20% |
$36,600 |
$53,766 |
| 25% |
$45,750 |
$51,223 |
| 30% |
$54,900 |
$48,679 |
| 50% |
$91,500 |
$38,506 |