Mortgage Payment on a $213,000 House
What's the payment on a $213,000 house? Calculate the monthly mortgage on a house, condo, or apartment which costs $213k.
After a 20% down payment, your loan amount will be $170,400. With a 30-year loan loan at 6.75% interest:
Monthly payment = $1,105
Total yearly payments = $13,263
Payments by Interest Rate
| Interest Rate |
Payment |
| 5.000% |
$915 |
| 5.500% |
$968 |
| 6.000% |
$1,022 |
| 6.250% |
$1,049 |
| 6.500% |
$1,077 |
| 6.750% |
$1,105 |
| 6.875% |
$1,119 |
| 7.000% |
$1,134 |
| 7.250% |
$1,162 |
| 7.500% |
$1,191 |
| 7.625% |
$1,206 |
| 7.750% |
$1,221 |
| 8.000% |
$1,250 |
Payments by Amount Down
| % Down |
Amount |
Payment |
| 3.5% |
$7,455 |
$1,333 |
| 5.0% |
$10,650 |
$1,312 |
| 7.5% |
$15,975 |
$1,278 |
| 10% |
$21,300 |
$1,243 |
| 15% |
$31,950 |
$1,174 |
| 20% |
$42,600 |
$1,105 |
| 25% |
$53,250 |
$1,036 |
| 30% |
$63,900 |
$967 |
| 50% |
$106,500 |
$691 |
Payments by Loan Length
| Length |
Payment |
| 10 years |
$1,957 |
| 15 years |
$1,508 |
| 20 years |
$1,296 |
| 30 years |
$1,105 |
| 40 years |
$1,028 |
| Interest only |
$959 |
Can I afford a $213,000 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 $213,000 with a 6.75% loan:
| % Down |
Down Payment |
Income Needed |
| 3.5% |
$7,455 |
$72,350 |
| 5.0% |
$10,650 |
$71,462 |
| 7.5% |
$15,975 |
$69,981 |
| 10% |
$21,300 |
$68,501 |
| 15% |
$31,950 |
$65,541 |
| 20% |
$42,600 |
$62,580 |
| 25% |
$53,250 |
$59,620 |
| 30% |
$63,900 |
$56,660 |
| 50% |
$106,500 |
$44,818 |