Use the mortgage calculator to calculate the cost of buying a $142k 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 142,000 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 $142,000 house.
$142,000 Home at 2%
| 0% down | $524.86/mo |
| 5% down | $498.62/mo |
| 10% down | $472.37/mo |
| 15% down | $446.13/mo |
| 20% down | $419.89/mo |
| 25% down | $393.64/mo |
| 30% down | $367.40/mo |
| 35% down | $341.16/mo |
| 40% down | $314.92/mo |
| 45% down | $288.67/mo |
| 50% down | $262.43/mo |
$142,000 Home at 4%
| 0% down | $677.93/mo |
| 5% down | $644.03/mo |
| 10% down | $610.14/mo |
| 15% down | $576.24/mo |
| 20% down | $542.34/mo |
| 25% down | $508.45/mo |
| 30% down | $474.55/mo |
| 35% down | $440.65/mo |
| 40% down | $406.76/mo |
| 45% down | $372.86/mo |
| 50% down | $338.96/mo |
$142,000 Home at 6%
| 0% down | $851.36/mo |
| 5% down | $808.79/mo |
| 10% down | $766.23/mo |
| 15% down | $723.66/mo |
| 20% down | $681.09/mo |
| 25% down | $638.52/mo |
| 30% down | $595.95/mo |
| 35% down | $553.39/mo |
| 40% down | $510.82/mo |
| 45% down | $468.25/mo |
| 50% down | $425.68/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.