What Are Typical Mortgage Payments

Just wanted to go thru a couple of typical monthly mortgage payments at different amounts…

Here’s a simple mortgage calculator if you want to play around. All the calculations I did are at 8% interest, a 30 year term and a 10% down payment.

Home price: 100,000
Down Payment: 10,000
Financed: 90,000
Principal & Interest Monthly Payment: $660
Principal, Interest & PMI Monthly Payment: $710
Principal, Interest, PMI, & Taxes Monthly Payment: $809

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Home price: 200,000
Down Payment: 20,000
Financed: 180,000
Principal & Interest Monthly Payment: $1321
Principal, Interest & PMI Monthly Payment: $1420
Principal, Interest, PMI, & Taxes Monthly Payment: $1620

———————————————–

Home price: 300,000
Down Payment: 30,000
Financed: 270,000
Principal & Interest Monthly Payment: $1981
Principal, Interest & PMI Monthly Payment: $2130
Principal, Interest, PMI, & Taxes Monthly Payment: $2430

———————————————-

Home price: 400,000
Down Payment: 40,000
Financed: 360,000
Principal & Interest Monthly Payment: $2641
Principal, Interest & PMI Monthly Payment: $2840
Principal, Interest, PMI, & Taxes Monthly Payment: $3236

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