Use the mortgage calculator to calculate the cost of buying a $155k 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 155,000 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 $155,000 house.
2% interest
| 0% down | $572.91/mo |
| 5% down | $544.26/mo |
| 10% down | $515.62/mo |
| 15% down | $486.97/mo |
| 20% down | $458.33/mo |
| 25% down | $429.68/mo |
| 30% down | $401.04/mo |
| 35% down | $372.39/mo |
| 40% down | $343.75/mo |
| 45% down | $315.10/mo |
| 50% down | $286.46/mo |
4% interest
| 0% down | $739.99/mo |
| 5% down | $702.99/mo |
| 10% down | $665.99/mo |
| 15% down | $628.99/mo |
| 20% down | $591.99/mo |
| 25% down | $555.00/mo |
| 30% down | $518.00/mo |
| 35% down | $481.00/mo |
| 40% down | $444.00/mo |
| 45% down | $407.00/mo |
| 50% down | $370.00/mo |
6% interest
| 0% down | $929.30/mo |
| 5% down | $882.84/mo |
| 10% down | $836.37/mo |
| 15% down | $789.91/mo |
| 20% down | $743.44/mo |
| 25% down | $696.98/mo |
| 30% down | $650.51/mo |
| 35% down | $604.05/mo |
| 40% down | $557.58/mo |
| 45% down | $511.12/mo |
| 50% down | $464.65/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.