$157,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $157k 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 157,000 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 $157,000 house.
2% interest
0% down$580.30/mo
5% down$551.29/mo
10% down$522.27/mo
15% down$493.26/mo
20% down$464.24/mo
25% down$435.23/mo
30% down$406.21/mo
35% down$377.20/mo
40% down$348.18/mo
45% down$319.17/mo
50% down$290.15/mo
4% interest
0% down$749.54/mo
5% down$712.06/mo
10% down$674.59/mo
15% down$637.11/mo
20% down$599.63/mo
25% down$562.16/mo
30% down$524.68/mo
35% down$487.20/mo
40% down$449.73/mo
45% down$412.25/mo
50% down$374.77/mo
6% interest
0% down$941.29/mo
5% down$894.23/mo
10% down$847.16/mo
15% down$800.10/mo
20% down$753.04/mo
25% down$705.97/mo
30% down$658.91/mo
35% down$611.84/mo
40% down$564.78/mo
45% down$517.71/mo
50% down$470.65/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 157,000 house with a 20% down payment?
($125,600 loan. 30 year mortgage)
0.25%$362.17
0.50%$375.78
0.75%$389.72
1.00%$403.98
1.25%$418.56
1.50%$433.47
1.75%$448.70
2.00%$464.24
2.25%$480.10
2.50%$496.27
2.75%$512.75
3.00%$529.53
3.25%$546.62
3.50%$564.00
3.75%$581.67
4.00%$599.63
4.25%$617.88
4.50%$636.40
4.75%$655.19
5.00%$674.25
5.25%$693.57
5.50%$713.14
5.75%$732.97
6.00%$753.04
6.25%$773.34
6.50%$793.88
6.75%$814.64
7.00%$835.62
7.25%$856.81
7.50%$878.21
7.75%$899.81
8.00%$921.61
8.25%$943.59
8.50%$965.76
8.75%$988.10
9.00%$1,010.61
9.25%$1,033.28
9.50%$1,056.11
9.75%$1,079.10
10.00%$1,102.23
10.25%$1,125.50
10.50%$1,148.91
10.75%$1,172.45
11.00%$1,196.12
11.25%$1,219.90
11.50%$1,243.81
11.75%$1,267.82
12.00%$1,291.94