Use the mortgage calculator to calculate the cost of buying a $137k 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 137,000 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 $137,000 house.
$137,000 Home at 2%
| 0% down | $506.38/mo |
| 5% down | $481.06/mo |
| 10% down | $455.74/mo |
| 15% down | $430.42/mo |
| 20% down | $405.10/mo |
| 25% down | $379.78/mo |
| 30% down | $354.47/mo |
| 35% down | $329.15/mo |
| 40% down | $303.83/mo |
| 45% down | $278.51/mo |
| 50% down | $253.19/mo |
$137,000 Home at 4%
| 0% down | $654.06/mo |
| 5% down | $621.36/mo |
| 10% down | $588.65/mo |
| 15% down | $555.95/mo |
| 20% down | $523.25/mo |
| 25% down | $490.54/mo |
| 30% down | $457.84/mo |
| 35% down | $425.14/mo |
| 40% down | $392.44/mo |
| 45% down | $359.73/mo |
| 50% down | $327.03/mo |
$137,000 Home at 6%
| 0% down | $821.38/mo |
| 5% down | $780.32/mo |
| 10% down | $739.25/mo |
| 15% down | $698.18/mo |
| 20% down | $657.11/mo |
| 25% down | $616.04/mo |
| 30% down | $574.97/mo |
| 35% down | $533.90/mo |
| 40% down | $492.83/mo |
| 45% down | $451.76/mo |
| 50% down | $410.69/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.