Use the mortgage calculator to calculate the cost of buying a $147k 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 147,000 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 $147,000 house.
2% interest
| 0% down | $543.34/mo |
| 5% down | $516.17/mo |
| 10% down | $489.01/mo |
| 15% down | $461.84/mo |
| 20% down | $434.67/mo |
| 25% down | $407.51/mo |
| 30% down | $380.34/mo |
| 35% down | $353.17/mo |
| 40% down | $326.00/mo |
| 45% down | $298.84/mo |
| 50% down | $271.67/mo |
4% interest
| 0% down | $701.80/mo |
| 5% down | $666.71/mo |
| 10% down | $631.62/mo |
| 15% down | $596.53/mo |
| 20% down | $561.44/mo |
| 25% down | $526.35/mo |
| 30% down | $491.26/mo |
| 35% down | $456.17/mo |
| 40% down | $421.08/mo |
| 45% down | $385.99/mo |
| 50% down | $350.90/mo |
6% interest
| 0% down | $881.34/mo |
| 5% down | $837.27/mo |
| 10% down | $793.21/mo |
| 15% down | $749.14/mo |
| 20% down | $705.07/mo |
| 25% down | $661.00/mo |
| 30% down | $616.94/mo |
| 35% down | $572.87/mo |
| 40% down | $528.80/mo |
| 45% down | $484.74/mo |
| 50% down | $440.67/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.