Use the mortgage calculator to calculate the cost of buying a $158k 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 158,000 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 $158,000 house.
$158,000 Home at 2%
| 0% down | $584.00/mo |
| 5% down | $554.80/mo |
| 10% down | $525.60/mo |
| 15% down | $496.40/mo |
| 20% down | $467.20/mo |
| 25% down | $438.00/mo |
| 30% down | $408.80/mo |
| 35% down | $379.60/mo |
| 40% down | $350.40/mo |
| 45% down | $321.20/mo |
| 50% down | $292.00/mo |
$158,000 Home at 4%
| 0% down | $754.32/mo |
| 5% down | $716.60/mo |
| 10% down | $678.88/mo |
| 15% down | $641.17/mo |
| 20% down | $603.45/mo |
| 25% down | $565.74/mo |
| 30% down | $528.02/mo |
| 35% down | $490.31/mo |
| 40% down | $452.59/mo |
| 45% down | $414.87/mo |
| 50% down | $377.16/mo |
$158,000 Home at 6%
| 0% down | $947.29/mo |
| 5% down | $899.93/mo |
| 10% down | $852.56/mo |
| 15% down | $805.20/mo |
| 20% down | $757.83/mo |
| 25% down | $710.47/mo |
| 30% down | $663.10/mo |
| 35% down | $615.74/mo |
| 40% down | $568.37/mo |
| 45% down | $521.01/mo |
| 50% down | $473.64/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.