Use the mortgage calculator to calculate the cost of buying a $145k 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 145,000 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 $145,000 house.
2% interest
| 0% down | $535.95/mo |
| 5% down | $509.15/mo |
| 10% down | $482.35/mo |
| 15% down | $455.56/mo |
| 20% down | $428.76/mo |
| 25% down | $401.96/mo |
| 30% down | $375.16/mo |
| 35% down | $348.37/mo |
| 40% down | $321.57/mo |
| 45% down | $294.77/mo |
| 50% down | $267.97/mo |
4% interest
| 0% down | $692.25/mo |
| 5% down | $657.64/mo |
| 10% down | $623.03/mo |
| 15% down | $588.41/mo |
| 20% down | $553.80/mo |
| 25% down | $519.19/mo |
| 30% down | $484.58/mo |
| 35% down | $449.96/mo |
| 40% down | $415.35/mo |
| 45% down | $380.74/mo |
| 50% down | $346.13/mo |
6% interest
| 0% down | $869.35/mo |
| 5% down | $825.88/mo |
| 10% down | $782.41/mo |
| 15% down | $738.95/mo |
| 20% down | $695.48/mo |
| 25% down | $652.01/mo |
| 30% down | $608.54/mo |
| 35% down | $565.08/mo |
| 40% down | $521.61/mo |
| 45% down | $478.14/mo |
| 50% down | $434.67/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.