Use the mortgage calculator to calculate the cost of buying a $177k 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 177,000 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 $177,000 house.
$177,000 Home at 2%
| 0% down | $654.23/mo |
| 5% down | $621.52/mo |
| 10% down | $588.80/mo |
| 15% down | $556.09/mo |
| 20% down | $523.38/mo |
| 25% down | $490.67/mo |
| 30% down | $457.96/mo |
| 35% down | $425.25/mo |
| 40% down | $392.54/mo |
| 45% down | $359.82/mo |
| 50% down | $327.11/mo |
$177,000 Home at 4%
| 0% down | $845.03/mo |
| 5% down | $802.77/mo |
| 10% down | $760.52/mo |
| 15% down | $718.27/mo |
| 20% down | $676.02/mo |
| 25% down | $633.77/mo |
| 30% down | $591.52/mo |
| 35% down | $549.27/mo |
| 40% down | $507.02/mo |
| 45% down | $464.76/mo |
| 50% down | $422.51/mo |
$177,000 Home at 6%
| 0% down | $1,061.20/mo |
| 5% down | $1,008.14/mo |
| 10% down | $955.08/mo |
| 15% down | $902.02/mo |
| 20% down | $848.96/mo |
| 25% down | $795.90/mo |
| 30% down | $742.84/mo |
| 35% down | $689.78/mo |
| 40% down | $636.72/mo |
| 45% down | $583.66/mo |
| 50% down | $530.60/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.