Use the mortgage calculator to calculate the cost of buying a $148k 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 148,000 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 $148,000 house.
$148,000 Home at 2%
| 0% down | $547.04/mo |
| 5% down | $519.68/mo |
| 10% down | $492.33/mo |
| 15% down | $464.98/mo |
| 20% down | $437.63/mo |
| 25% down | $410.28/mo |
| 30% down | $382.93/mo |
| 35% down | $355.57/mo |
| 40% down | $328.22/mo |
| 45% down | $300.87/mo |
| 50% down | $273.52/mo |
$148,000 Home at 4%
| 0% down | $706.57/mo |
| 5% down | $671.25/mo |
| 10% down | $635.92/mo |
| 15% down | $600.59/mo |
| 20% down | $565.26/mo |
| 25% down | $529.93/mo |
| 30% down | $494.60/mo |
| 35% down | $459.27/mo |
| 40% down | $423.94/mo |
| 45% down | $388.62/mo |
| 50% down | $353.29/mo |
$148,000 Home at 6%
| 0% down | $887.33/mo |
| 5% down | $842.97/mo |
| 10% down | $798.60/mo |
| 15% down | $754.23/mo |
| 20% down | $709.87/mo |
| 25% down | $665.50/mo |
| 30% down | $621.13/mo |
| 35% down | $576.77/mo |
| 40% down | $532.40/mo |
| 45% down | $488.03/mo |
| 50% down | $443.67/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.