Mortgage Payment on a $184,000 House
What's the payment on a $184,000 house? Calculate the monthly mortgage on a house, condo, or apartment which costs $184k.
After a 20% down payment, your loan amount will be $147,200. With a 30-year loan loan at 6.75% interest:
Monthly payment = $955
Total yearly payments = $11,457
Payments by Interest Rate
Payments by Amount Down
| % Down |
Amount |
Payment |
| 3.5% |
$6,440 |
$1,152 |
| 5.0% |
$9,200 |
$1,134 |
| 7.5% |
$13,800 |
$1,104 |
| 10% |
$18,400 |
$1,074 |
| 15% |
$27,600 |
$1,014 |
| 20% |
$36,800 |
$955 |
| 25% |
$46,000 |
$895 |
| 30% |
$55,200 |
$835 |
| 50% |
$92,000 |
$597 |
Payments by Loan Length
| Length |
Payment |
| 10 years |
$1,690 |
| 15 years |
$1,303 |
| 20 years |
$1,119 |
| 30 years |
$955 |
| 40 years |
$888 |
| Interest only |
$828 |
Can I afford a $184,000 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 $184,000 with a 6.75% loan:
| % Down |
Down Payment |
Income Needed |
| 3.5% |
$6,440 |
$62,499 |
| 5.0% |
$9,200 |
$61,732 |
| 7.5% |
$13,800 |
$60,453 |
| 10% |
$18,400 |
$59,175 |
| 15% |
$27,600 |
$56,617 |
| 20% |
$36,800 |
$54,060 |
| 25% |
$46,000 |
$51,503 |
| 30% |
$55,200 |
$48,945 |
| 50% |
$92,000 |
$38,716 |