Mortgage payment on a $175K house
$1,161 a month with 20% down at 7.11% — including property tax and insurance. You'd need an income of about $49,700.
On a $175,000 home with $35,000 (20%) down, you borrow $140,000. At 7.11% (30-year fixed, Freddie Mac average for the week of Nov 12, 2026), principal and interest come to $942 a month. Adding property tax at the U.S. average of 0.9% ($131) and insurance ($88) gives $1,161. Over 30 years you would pay $199,044 in interest.
Payment by down payment
Putting less than 20% down means a bigger loan and mortgage insurance, so the monthly payment rises:
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $35,000 | $140,000 | $942 | $0 | $219 | $1,161 | $49,700 |
| 10% down | $17,500 | $157,500 | $1,060 | $66 | $219 | $1,344 | $57,600 |
| 5% down | $8,750 | $166,250 | $1,118 | $69 | $219 | $1,407 | $60,300 |
| 3.5% down (FHA) | $6,125 | $171,830 | $1,156 | $77 | $219 | $1,452 | $62,200 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.9% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Payment at different interest rates
| Rate | Principal + interest | Total / month | Total interest |
|---|---|---|---|
| 5.61% | $805 | $1,024 | $149,654 |
| 6.11% | $849 | $1,068 | $165,747 |
| 6.61% | $895 | $1,114 | $182,217 |
| 7.11% | $942 | $1,161 | $199,044 |
| 7.61% | $989 | $1,208 | $216,208 |
| 8.11% | $1,038 | $1,257 | $233,689 |
15 vs 20 vs 30-year mortgage
| Term | Principal + interest | Total / month | Total interest |
|---|---|---|---|
| 30 years at 7.11% | $942 | $1,161 | $199,044 |
| 20 years at 7.11% | $1,095 | $1,314 | $122,724 |
| 15 years at 6.45% | $1,216 | $1,435 | $78,827 |
A shorter loan costs more each month but saves a lot of interest — and 15-year loans carry a lower rate (6.45% this week).
Mortgage on a $175K house in each state
Property tax changes the payment a lot from state to state (20% down):
| State | Tax rate | Tax / month | Total / month | Income needed |
|---|---|---|---|---|
| Alabama | 0.38% | $56 | $1,085 | $46,500 |
| Alaska | 1.06% | $154 | $1,183 | $50,700 |
| Arizona | 0.44% | $65 | $1,094 | $46,900 |
| Arkansas | 0.5% | $73 | $1,102 | $47,200 |
| California | 0.72% | $105 | $1,134 | $48,600 |
| Colorado | 0.52% | $76 | $1,105 | $47,400 |
| Connecticut | 1.59% | $231 | $1,261 | $54,000 |
| Delaware | 0.49% | $71 | $1,100 | $47,200 |
| District of Columbia | 0.67% | $98 | $1,127 | $48,300 |
| Florida | 0.8% | $117 | $1,146 | $49,100 |
| Georgia | 0.77% | $113 | $1,142 | $48,900 |
| Hawaii | 0.26% | $39 | $1,068 | $45,800 |
| Idaho | 0.42% | $61 | $1,091 | $46,700 |
| Illinois | 1.92% | $280 | $1,309 | $56,100 |
| Indiana | 0.74% | $108 | $1,137 | $48,700 |
| Iowa | 1.27% | $185 | $1,215 | $52,100 |
| Kansas | 1.24% | $182 | $1,211 | $51,900 |
| Kentucky | 0.72% | $104 | $1,134 | $48,600 |
| Louisiana | 0.55% | $80 | $1,109 | $47,500 |
| Maine | 0.92% | $134 | $1,163 | $49,900 |
| Maryland | 0.98% | $143 | $1,172 | $50,200 |
| Massachusetts | 1.01% | $148 | $1,177 | $50,400 |
| Michigan | 1.17% | $171 | $1,200 | $51,400 |
| Minnesota | 1.04% | $152 | $1,181 | $50,600 |
| Mississippi | 0.65% | $94 | $1,124 | $48,200 |
| Missouri | 0.79% | $115 | $1,145 | $49,100 |
| Montana | 0.69% | $101 | $1,130 | $48,400 |
| Nebraska | 1.31% | $191 | $1,221 | $52,300 |
| Nevada | 0.47% | $69 | $1,098 | $47,100 |
| New Hampshire | 1.43% | $209 | $1,238 | $53,100 |
| New Jersey | 1.82% | $265 | $1,294 | $55,500 |
| New Mexico | 0.63% | $92 | $1,122 | $48,100 |
| New York | 1.42% | $208 | $1,237 | $53,000 |
| North Carolina | 0.64% | $93 | $1,122 | $48,100 |
| North Dakota | 0.92% | $135 | $1,164 | $49,900 |
| Ohio | 1.22% | $178 | $1,208 | $51,800 |
| Oklahoma | 0.76% | $111 | $1,140 | $48,900 |
| Oregon | 0.79% | $115 | $1,144 | $49,000 |
| Pennsylvania | 1.12% | $164 | $1,193 | $51,100 |
| Rhode Island | 1.02% | $149 | $1,179 | $50,500 |
| South Carolina | 0.45% | $65 | $1,094 | $46,900 |
| South Dakota | 1.04% | $151 | $1,180 | $50,600 |
| Tennessee | 0.46% | $67 | $1,096 | $47,000 |
| Texas | 1.32% | $193 | $1,222 | $52,400 |
| Utah | 0.5% | $73 | $1,103 | $47,300 |
| Vermont | 1.51% | $220 | $1,249 | $53,500 |
| Virginia | 0.71% | $104 | $1,133 | $48,600 |
| Washington | 0.81% | $118 | $1,148 | $49,200 |
| West Virginia | 0.51% | $75 | $1,104 | $47,300 |
| Wisconsin | 1.2% | $176 | $1,205 | $51,600 |
| Wyoming | 0.56% | $81 | $1,110 | $47,600 |
Other home prices
Frequently asked questions
What is the monthly payment on a $175K house?
With 20% down and a 30-year fixed rate of 7.11%, the payment on a $175,000 house is about $942 for principal and interest, or $1,161 including average property tax and insurance.
How much income do I need for a $175K house?
Lenders generally want housing costs under 28% of gross income. A $1,161 monthly payment needs about $49,700 a year, assuming no other large debts.
How much do I need to put down on a $175K house?
20% is $35,000 and avoids PMI. Conventional loans allow as little as 3–5% ($5,250–$8,750) and FHA loans 3.5% ($6,125), but the monthly payment is higher.