Monthly payment on $125,000 by rate and term
Principal and interest on the $100,000 borrowed after a 20% deposit of $25,000. The rate is the single biggest lever, which is why it is worth shopping.
| Rate | 30 years | 20 years | 15 years |
|---|---|---|---|
| 5.50% | $567.79 | $687.89 | $817.08 |
| 6.00% | $599.55 | $716.43 | $843.86 |
| 6.50% | $632.07 | $745.57 | $871.11 |
| 7.00% | $665.30 | $775.30 | $898.83 |
| 7.50% | $699.21 | $805.59 | $927.01 |
| 8.00% | $733.76 | $836.44 | $955.65 |
Principal and interest only, before taxes, insurance and any PMI.
How the deposit changes it
| Down payment | Loan | P&I | PMI | PMI ends |
|---|---|---|---|---|
| 5% ($6,250) | $118,750 | $750.58 | $54.43 | month 135 |
| 10% ($12,500) | $112,500 | $711.08 | $51.56 | month 109 |
| 20% ($25,000) | $100,000 | $632.07 | — | 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 $125,000 house?
With 20% down at 6.5% over 30 years, principal and interest are $632.07 a month. Adding property tax and insurance brings the full payment to about $896.65.
How much do I need to put down on a $125,000 home?
20% is $25,000, which avoids PMI. At 5% down ($6,250) you would borrow $118,750 and pay an extra $54.43 a month in PMI until month 135.
How much interest does a $125,000 mortgage cost?
On the $100,000 borrowed at 6.5% over 30 years, total interest is $127,543 — about 128% of the amount borrowed. A 15-year term cuts that to $56,799.
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