Use the mortgage calculator to calculate the cost of buying a $138k 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 138,000 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 $138,000 house.
$138,000 Home at 2%
| 0% down | $510.07/mo |
| 5% down | $484.57/mo |
| 10% down | $459.07/mo |
| 15% down | $433.56/mo |
| 20% down | $408.06/mo |
| 25% down | $382.56/mo |
| 30% down | $357.05/mo |
| 35% down | $331.55/mo |
| 40% down | $306.04/mo |
| 45% down | $280.54/mo |
| 50% down | $255.04/mo |
$138,000 Home at 4%
| 0% down | $658.83/mo |
| 5% down | $625.89/mo |
| 10% down | $592.95/mo |
| 15% down | $560.01/mo |
| 20% down | $527.07/mo |
| 25% down | $494.12/mo |
| 30% down | $461.18/mo |
| 35% down | $428.24/mo |
| 40% down | $395.30/mo |
| 45% down | $362.36/mo |
| 50% down | $329.42/mo |
$138,000 Home at 6%
| 0% down | $827.38/mo |
| 5% down | $786.01/mo |
| 10% down | $744.64/mo |
| 15% down | $703.27/mo |
| 20% down | $661.90/mo |
| 25% down | $620.53/mo |
| 30% down | $579.17/mo |
| 35% down | $537.80/mo |
| 40% down | $496.43/mo |
| 45% down | $455.06/mo |
| 50% down | $413.69/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.