Mortgage Payment on a $210,000 House
What's the payment on a $210,000 house? Calculate the monthly mortgage on a house, condo, or apartment which costs $210k.
After a 20% down payment, your loan amount will be $168,000. With a 30-year loan loan at 6.75% interest:
Monthly payment = $1,090
Total yearly payments = $13,076
Payments by Interest Rate
| Interest Rate |
Payment |
| 5.000% |
$902 |
| 5.500% |
$954 |
| 6.000% |
$1,007 |
| 6.250% |
$1,034 |
| 6.500% |
$1,062 |
| 6.750% |
$1,090 |
| 6.875% |
$1,104 |
| 7.000% |
$1,118 |
| 7.250% |
$1,146 |
| 7.500% |
$1,175 |
| 7.625% |
$1,189 |
| 7.750% |
$1,204 |
| 8.000% |
$1,233 |
Payments by Amount Down
| % Down |
Amount |
Payment |
| 3.5% |
$7,350 |
$1,314 |
| 5.0% |
$10,500 |
$1,294 |
| 7.5% |
$15,750 |
$1,260 |
| 10% |
$21,000 |
$1,226 |
| 15% |
$31,500 |
$1,158 |
| 20% |
$42,000 |
$1,090 |
| 25% |
$52,500 |
$1,022 |
| 30% |
$63,000 |
$953 |
| 50% |
$105,000 |
$681 |
Payments by Loan Length
| Length |
Payment |
| 10 years |
$1,929 |
| 15 years |
$1,487 |
| 20 years |
$1,277 |
| 30 years |
$1,090 |
| 40 years |
$1,014 |
| Interest only |
$945 |
Can I afford a $210,000 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 $210,000 with a 6.75% loan:
| % Down |
Down Payment |
Income Needed |
| 3.5% |
$7,350 |
$71,331 |
| 5.0% |
$10,500 |
$70,455 |
| 7.5% |
$15,750 |
$68,996 |
| 10% |
$21,000 |
$67,536 |
| 15% |
$31,500 |
$64,618 |
| 20% |
$42,000 |
$61,699 |
| 25% |
$52,500 |
$58,780 |
| 30% |
$63,000 |
$55,862 |
| 50% |
$105,000 |
$44,187 |