Use the mortgage calculator to calculate the cost of buying a $136k 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 136,000 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 $136,000 house.
2% interest
| 0% down | $502.68/mo |
| 5% down | $477.55/mo |
| 10% down | $452.41/mo |
| 15% down | $427.28/mo |
| 20% down | $402.15/mo |
| 25% down | $377.01/mo |
| 30% down | $351.88/mo |
| 35% down | $326.74/mo |
| 40% down | $301.61/mo |
| 45% down | $276.48/mo |
| 50% down | $251.34/mo |
4% interest
| 0% down | $649.28/mo |
| 5% down | $616.82/mo |
| 10% down | $584.36/mo |
| 15% down | $551.89/mo |
| 20% down | $519.43/mo |
| 25% down | $486.96/mo |
| 30% down | $454.50/mo |
| 35% down | $422.04/mo |
| 40% down | $389.57/mo |
| 45% down | $357.11/mo |
| 50% down | $324.64/mo |
6% interest
| 0% down | $815.39/mo |
| 5% down | $774.62/mo |
| 10% down | $733.85/mo |
| 15% down | $693.08/mo |
| 20% down | $652.31/mo |
| 25% down | $611.54/mo |
| 30% down | $570.77/mo |
| 35% down | $530.00/mo |
| 40% down | $489.23/mo |
| 45% down | $448.46/mo |
| 50% down | $407.69/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.