Monthly Payment on a $100K Mortgage
See exactly what you'd pay monthly on a $100K home, including principal, interest, taxes, and insurance.
$100K Mortgage: Rate Comparison
Monthly PITI payment at different rates and down payments for a $100K home.
| Rate | 5% Down | 10% Down | 20% Down |
|---|---|---|---|
| 5.5% | $836 | $805 | $696 |
| 6.0% | $867 | $834 | $721 |
| 6.5% | $898 | $863 | $747 |
| 7.0% | $929 | $893 | $774 |
| 7.5% | $961 | $923 | $801 |
| 8.0% | $994 | $955 | $829 |
States Where $100K Buys You a Home
In these states, the median home price is at or below $100K — your budget goes further here.
No states have a median home price at or below $100K.
What to Know About a $100K Mortgage
A $100K home is an affordable entry point into homeownership, well below the national median. With 10% down ($10,000), your loan amount would be $90,000, resulting in a monthly payment of approximately $863 including taxes and insurance.
To comfortably afford this payment, you'd generally need a household income of around $36,987 per year, following the standard guideline that housing costs should stay below 28% of gross income. At 10% down, you'll also pay private mortgage insurance (PMI) of about $53/month until you reach 20% equity.
Over the full 30-year term, you'll pay approximately $114,790 in total interest. Even a small rate reduction can save tens of thousands — for example, dropping from 7.0% to 6.5% on this loan saves about $10,768 over the life of the loan.
Property taxes and insurance vary significantly by state. Use the rate comparison table above to see how different down payments and rates affect your payment, and explore the state links below to find where your $100K budget goes furthest.