Use the mortgage calculator to calculate the cost of buying a $153k 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 153,000 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 $153,000 house.
2% interest
| 0% down | $565.52/mo |
| 5% down | $537.24/mo |
| 10% down | $508.97/mo |
| 15% down | $480.69/mo |
| 20% down | $452.41/mo |
| 25% down | $424.14/mo |
| 30% down | $395.86/mo |
| 35% down | $367.59/mo |
| 40% down | $339.31/mo |
| 45% down | $311.03/mo |
| 50% down | $282.76/mo |
4% interest
| 0% down | $730.45/mo |
| 5% down | $693.92/mo |
| 10% down | $657.40/mo |
| 15% down | $620.88/mo |
| 20% down | $584.36/mo |
| 25% down | $547.83/mo |
| 30% down | $511.31/mo |
| 35% down | $474.79/mo |
| 40% down | $438.27/mo |
| 45% down | $401.74/mo |
| 50% down | $365.22/mo |
6% interest
| 0% down | $917.31/mo |
| 5% down | $871.45/mo |
| 10% down | $825.58/mo |
| 15% down | $779.72/mo |
| 20% down | $733.85/mo |
| 25% down | $687.98/mo |
| 30% down | $642.12/mo |
| 35% down | $596.25/mo |
| 40% down | $550.39/mo |
| 45% down | $504.52/mo |
| 50% down | $458.66/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.