Use the mortgage calculator to calculate the cost of buying a $132k 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 132,000 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 $132,000 house.
2% interest
| 0% down | $487.90/mo |
| 5% down | $463.50/mo |
| 10% down | $439.11/mo |
| 15% down | $414.71/mo |
| 20% down | $390.32/mo |
| 25% down | $365.92/mo |
| 30% down | $341.53/mo |
| 35% down | $317.13/mo |
| 40% down | $292.74/mo |
| 45% down | $268.34/mo |
| 50% down | $243.95/mo |
4% interest
| 0% down | $630.19/mo |
| 5% down | $598.68/mo |
| 10% down | $567.17/mo |
| 15% down | $535.66/mo |
| 20% down | $504.15/mo |
| 25% down | $472.64/mo |
| 30% down | $441.13/mo |
| 35% down | $409.62/mo |
| 40% down | $378.11/mo |
| 45% down | $346.60/mo |
| 50% down | $315.09/mo |
6% interest
| 0% down | $791.41/mo |
| 5% down | $751.84/mo |
| 10% down | $712.27/mo |
| 15% down | $672.70/mo |
| 20% down | $633.13/mo |
| 25% down | $593.56/mo |
| 30% down | $553.98/mo |
| 35% down | $514.41/mo |
| 40% down | $474.84/mo |
| 45% down | $435.27/mo |
| 50% down | $395.70/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.