Mortgage Payment on a $82,000 House
What's the payment on a $82,000 house? Calculate the monthly mortgage on a house, condo, or apartment which costs $82k.
After a 20% down payment, your loan amount will be $65,600. With a 30-year loan loan at 6.75% interest:
Monthly payment = $425
Total yearly payments = $5,106
Payments by Interest Rate
Payments by Amount Down
| % Down |
Amount |
Payment |
| 3.5% |
$2,870 |
$513 |
| 5.0% |
$4,100 |
$505 |
| 7.5% |
$6,150 |
$492 |
| 10% |
$8,200 |
$479 |
| 15% |
$12,300 |
$452 |
| 20% |
$16,400 |
$425 |
| 25% |
$20,500 |
$399 |
| 30% |
$24,600 |
$372 |
| 50% |
$41,000 |
$266 |
Payments by Loan Length
| Length |
Payment |
| 10 years |
$753 |
| 15 years |
$581 |
| 20 years |
$499 |
| 30 years |
$425 |
| 40 years |
$396 |
| Interest only |
$369 |
Can I afford a $82,000 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 $82,000 with a 6.75% loan:
| % Down |
Down Payment |
Income Needed |
| 3.5% |
$2,870 |
$27,853 |
| 5.0% |
$4,100 |
$27,511 |
| 7.5% |
$6,150 |
$26,941 |
| 10% |
$8,200 |
$26,371 |
| 15% |
$12,300 |
$25,232 |
| 20% |
$16,400 |
$24,092 |
| 25% |
$20,500 |
$22,952 |
| 30% |
$24,600 |
$21,813 |
| 50% |
$41,000 |
$17,254 |