$150,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $150k 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 150,000 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 $150,000 house.
2% interest
0% down$554.43/mo
5% down$526.71/mo
10% down$498.99/mo
15% down$471.26/mo
20% down$443.54/mo
25% down$415.82/mo
30% down$388.10/mo
35% down$360.38/mo
40% down$332.66/mo
45% down$304.94/mo
50% down$277.21/mo
4% interest
0% down$716.12/mo
5% down$680.32/mo
10% down$644.51/mo
15% down$608.70/mo
20% down$572.90/mo
25% down$537.09/mo
30% down$501.29/mo
35% down$465.48/mo
40% down$429.67/mo
45% down$393.87/mo
50% down$358.06/mo
6% interest
0% down$899.33/mo
5% down$854.36/mo
10% down$809.39/mo
15% down$764.43/mo
20% down$719.46/mo
25% down$674.49/mo
30% down$629.53/mo
35% down$584.56/mo
40% down$539.60/mo
45% down$494.63/mo
50% down$449.66/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 150,000 house with a 20% down payment?
($120,000 loan. 30 year mortgage)
0.25%$346.02
0.50%$359.03
0.75%$372.34
1.00%$385.97
1.25%$399.90
1.50%$414.14
1.75%$428.69
2.00%$443.54
2.25%$458.70
2.50%$474.15
2.75%$489.89
3.00%$505.92
3.25%$522.25
3.50%$538.85
3.75%$555.74
4.00%$572.90
4.25%$590.33
4.50%$608.02
4.75%$625.98
5.00%$644.19
5.25%$662.64
5.50%$681.35
5.75%$700.29
6.00%$719.46
6.25%$738.86
6.50%$758.48
6.75%$778.32
7.00%$798.36
7.25%$818.61
7.50%$839.06
7.75%$859.69
8.00%$880.52
8.25%$901.52
8.50%$922.70
8.75%$944.04
9.00%$965.55
9.25%$987.21
9.50%$1,009.03
9.75%$1,030.99
10.00%$1,053.09
10.25%$1,075.32
10.50%$1,097.69
10.75%$1,120.18
11.00%$1,142.79
11.25%$1,165.51
11.50%$1,188.35
11.75%$1,211.29
12.00%$1,234.34