Monthly payment on $100,000 by rate and term
Principal and interest on the $80,000 borrowed after a 20% deposit of $20,000. The rate is the single biggest lever, which is why it is worth shopping.
| Rate | 30 years | 20 years | 15 years |
|---|---|---|---|
| 5.50% | $454.23 | $550.31 | $653.67 |
| 6.00% | $479.64 | $573.14 | $675.09 |
| 6.50% | $505.65 | $596.46 | $696.89 |
| 7.00% | $532.24 | $620.24 | $719.06 |
| 7.50% | $559.37 | $644.47 | $741.61 |
| 8.00% | $587.01 | $669.15 | $764.52 |
Principal and interest only, before taxes, insurance and any PMI.
How the deposit changes it
| Down payment | Loan | P&I | PMI | PMI ends |
|---|---|---|---|---|
| 5% ($5,000) | $95,000 | $600.46 | $43.54 | month 135 |
| 10% ($10,000) | $90,000 | $568.86 | $41.25 | month 109 |
| 20% ($20,000) | $80,000 | $505.65 | — | not charged |
At 6.5% over 30 years. PMI applies above 80% loan-to-value and is cancelled automatically at 78%.
Frequently asked questions
What is the monthly payment on a $100,000 house?
With 20% down at 6.5% over 30 years, principal and interest are $505.65 a month. Adding property tax and insurance brings the full payment to about $747.32.
How much do I need to put down on a $100,000 home?
20% is $20,000, which avoids PMI. At 5% down ($5,000) you would borrow $95,000 and pay an extra $43.54 a month in PMI until month 135.
How much interest does a $100,000 mortgage cost?
On the $80,000 borrowed at 6.5% over 30 years, total interest is $102,039 — about 128% of the amount borrowed. A 15-year term cuts that to $45,439.
Nearby prices
Related tools
- Amortization schedule — every payment on this loan, with CSV export
- Mortgage calculator — any price, rate, term and deposit
- Paycheck calculator — the take-home pay this payment comes out of