Use the mortgage calculator to calculate the cost of buying a $129k home. Change the numbers to see different options.
This calc can be used for car loans, debt, real estate, home purchase, etc.
Can I afford a 129,000 dollar house? It depends.
In addition to the mortgage payment, a home also has insurance, maintenance, and taxes.
Taxes can vary drastically by area. A very rough estimate is to not spend more than 30% of your income
on housing.
How do I get a mortgage? A simple first step is to talk to a local banker and fill out a mortgage application. Then consider other offers, either local or online.
How much of a down payment should I make? Here's a little chart that shows monthly payments based on down payment for a $129,000 house.
$129,000 Home at 2%
| 0% down | $476.81/mo |
| 5% down | $452.97/mo |
| 10% down | $429.13/mo |
| 15% down | $405.29/mo |
| 20% down | $381.45/mo |
| 25% down | $357.61/mo |
| 30% down | $333.77/mo |
| 35% down | $309.93/mo |
| 40% down | $286.09/mo |
| 45% down | $262.25/mo |
| 50% down | $238.40/mo |
$129,000 Home at 4%
| 0% down | $615.87/mo |
| 5% down | $585.07/mo |
| 10% down | $554.28/mo |
| 15% down | $523.49/mo |
| 20% down | $492.69/mo |
| 25% down | $461.90/mo |
| 30% down | $431.11/mo |
| 35% down | $400.31/mo |
| 40% down | $369.52/mo |
| 45% down | $338.73/mo |
| 50% down | $307.93/mo |
$129,000 Home at 6%
| 0% down | $773.42/mo |
| 5% down | $734.75/mo |
| 10% down | $696.08/mo |
| 15% down | $657.41/mo |
| 20% down | $618.74/mo |
| 25% down | $580.07/mo |
| 30% down | $541.39/mo |
| 35% down | $502.72/mo |
| 40% down | $464.05/mo |
| 45% down | $425.38/mo |
| 50% down | $386.71/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.