Use the mortgage calculator to calculate the cost of buying a $149k 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 149,000 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 $149,000 house.
2% interest
| 0% down | $550.73/mo |
| 5% down | $523.20/mo |
| 10% down | $495.66/mo |
| 15% down | $468.12/mo |
| 20% down | $440.59/mo |
| 25% down | $413.05/mo |
| 30% down | $385.51/mo |
| 35% down | $357.98/mo |
| 40% down | $330.44/mo |
| 45% down | $302.90/mo |
| 50% down | $275.37/mo |
4% interest
| 0% down | $711.35/mo |
| 5% down | $675.78/mo |
| 10% down | $640.21/mo |
| 15% down | $604.65/mo |
| 20% down | $569.08/mo |
| 25% down | $533.51/mo |
| 30% down | $497.94/mo |
| 35% down | $462.38/mo |
| 40% down | $426.81/mo |
| 45% down | $391.24/mo |
| 50% down | $355.67/mo |
6% interest
| 0% down | $893.33/mo |
| 5% down | $848.66/mo |
| 10% down | $804.00/mo |
| 15% down | $759.33/mo |
| 20% down | $714.66/mo |
| 25% down | $670.00/mo |
| 30% down | $625.33/mo |
| 35% down | $580.66/mo |
| 40% down | $536.00/mo |
| 45% down | $491.33/mo |
| 50% down | $446.67/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.