Use the mortgage calculator to calculate the cost of buying a $144k 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 144,000 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 $144,000 house.
$144,000 Home at 2%
| 0% down | $532.25/mo |
| 5% down | $505.64/mo |
| 10% down | $479.03/mo |
| 15% down | $452.41/mo |
| 20% down | $425.80/mo |
| 25% down | $399.19/mo |
| 30% down | $372.58/mo |
| 35% down | $345.96/mo |
| 40% down | $319.35/mo |
| 45% down | $292.74/mo |
| 50% down | $266.13/mo |
$144,000 Home at 4%
| 0% down | $687.48/mo |
| 5% down | $653.10/mo |
| 10% down | $618.73/mo |
| 15% down | $584.36/mo |
| 20% down | $549.98/mo |
| 25% down | $515.61/mo |
| 30% down | $481.23/mo |
| 35% down | $446.86/mo |
| 40% down | $412.49/mo |
| 45% down | $378.11/mo |
| 50% down | $343.74/mo |
$144,000 Home at 6%
| 0% down | $863.35/mo |
| 5% down | $820.19/mo |
| 10% down | $777.02/mo |
| 15% down | $733.85/mo |
| 20% down | $690.68/mo |
| 25% down | $647.51/mo |
| 30% down | $604.35/mo |
| 35% down | $561.18/mo |
| 40% down | $518.01/mo |
| 45% down | $474.84/mo |
| 50% down | $431.68/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.