Use the mortgage calculator to calculate the cost of buying a $113k 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 113,000 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 $113,000 house.
$113,000 Home at 2%
| 0% down | $417.67/mo |
| 5% down | $396.79/mo |
| 10% down | $375.90/mo |
| 15% down | $355.02/mo |
| 20% down | $334.14/mo |
| 25% down | $313.25/mo |
| 30% down | $292.37/mo |
| 35% down | $271.49/mo |
| 40% down | $250.60/mo |
| 45% down | $229.72/mo |
| 50% down | $208.84/mo |
$113,000 Home at 4%
| 0% down | $539.48/mo |
| 5% down | $512.51/mo |
| 10% down | $485.53/mo |
| 15% down | $458.56/mo |
| 20% down | $431.58/mo |
| 25% down | $404.61/mo |
| 30% down | $377.64/mo |
| 35% down | $350.66/mo |
| 40% down | $323.69/mo |
| 45% down | $296.71/mo |
| 50% down | $269.74/mo |
$113,000 Home at 6%
| 0% down | $677.49/mo |
| 5% down | $643.62/mo |
| 10% down | $609.74/mo |
| 15% down | $575.87/mo |
| 20% down | $541.99/mo |
| 25% down | $508.12/mo |
| 30% down | $474.24/mo |
| 35% down | $440.37/mo |
| 40% down | $406.50/mo |
| 45% down | $372.62/mo |
| 50% down | $338.75/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.