Use the mortgage calculator to calculate the cost of buying a $154k 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 154,000 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 $154,000 house.
$154,000 Home at 2%
| 0% down | $569.21/mo |
| 5% down | $540.75/mo |
| 10% down | $512.29/mo |
| 15% down | $483.83/mo |
| 20% down | $455.37/mo |
| 25% down | $426.91/mo |
| 30% down | $398.45/mo |
| 35% down | $369.99/mo |
| 40% down | $341.53/mo |
| 45% down | $313.07/mo |
| 50% down | $284.61/mo |
$154,000 Home at 4%
| 0% down | $735.22/mo |
| 5% down | $698.46/mo |
| 10% down | $661.70/mo |
| 15% down | $624.94/mo |
| 20% down | $588.18/mo |
| 25% down | $551.41/mo |
| 30% down | $514.65/mo |
| 35% down | $477.89/mo |
| 40% down | $441.13/mo |
| 45% down | $404.37/mo |
| 50% down | $367.61/mo |
$154,000 Home at 6%
| 0% down | $923.31/mo |
| 5% down | $877.14/mo |
| 10% down | $830.98/mo |
| 15% down | $784.81/mo |
| 20% down | $738.65/mo |
| 25% down | $692.48/mo |
| 30% down | $646.32/mo |
| 35% down | $600.15/mo |
| 40% down | $553.98/mo |
| 45% down | $507.82/mo |
| 50% down | $461.65/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.