Use the mortgage calculator to calculate the cost of buying a $119k 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 119,000 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 $119,000 house.
$119,000 Home at 2%
| 0% down | $439.85/mo |
| 5% down | $417.85/mo |
| 10% down | $395.86/mo |
| 15% down | $373.87/mo |
| 20% down | $351.88/mo |
| 25% down | $329.89/mo |
| 30% down | $307.89/mo |
| 35% down | $285.90/mo |
| 40% down | $263.91/mo |
| 45% down | $241.92/mo |
| 50% down | $219.92/mo |
$119,000 Home at 4%
| 0% down | $568.12/mo |
| 5% down | $539.72/mo |
| 10% down | $511.31/mo |
| 15% down | $482.91/mo |
| 20% down | $454.50/mo |
| 25% down | $426.09/mo |
| 30% down | $397.69/mo |
| 35% down | $369.28/mo |
| 40% down | $340.87/mo |
| 45% down | $312.47/mo |
| 50% down | $284.06/mo |
$119,000 Home at 6%
| 0% down | $713.47/mo |
| 5% down | $677.79/mo |
| 10% down | $642.12/mo |
| 15% down | $606.45/mo |
| 20% down | $570.77/mo |
| 25% down | $535.10/mo |
| 30% down | $499.43/mo |
| 35% down | $463.75/mo |
| 40% down | $428.08/mo |
| 45% down | $392.41/mo |
| 50% down | $356.73/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.