$159,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $159k 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 159,000 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 $159,000 house.
2% interest
0% down$587.69/mo
5% down$558.31/mo
10% down$528.93/mo
15% down$499.54/mo
20% down$470.16/mo
25% down$440.77/mo
30% down$411.39/mo
35% down$382.00/mo
40% down$352.62/mo
45% down$323.23/mo
50% down$293.85/mo
4% interest
0% down$759.09/mo
5% down$721.14/mo
10% down$683.18/mo
15% down$645.23/mo
20% down$607.27/mo
25% down$569.32/mo
30% down$531.36/mo
35% down$493.41/mo
40% down$455.45/mo
45% down$417.50/mo
50% down$379.55/mo
6% interest
0% down$953.29/mo
5% down$905.62/mo
10% down$857.96/mo
15% down$810.29/mo
20% down$762.63/mo
25% down$714.96/mo
30% down$667.30/mo
35% down$619.64/mo
40% down$571.97/mo
45% down$524.31/mo
50% down$476.64/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 159,000 house with a 20% down payment?
($127,200 loan. 30 year mortgage)
0.25%$366.79
0.50%$380.57
0.75%$394.68
1.00%$409.13
1.25%$423.90
1.50%$438.99
1.75%$454.41
2.00%$470.16
2.25%$486.22
2.50%$502.59
2.75%$519.28
3.00%$536.28
3.25%$553.58
3.50%$571.18
3.75%$589.08
4.00%$607.27
4.25%$625.75
4.50%$644.50
4.75%$663.54
5.00%$682.84
5.25%$702.40
5.50%$722.23
5.75%$742.30
6.00%$762.63
6.25%$783.19
6.50%$803.99
6.75%$825.02
7.00%$846.26
7.25%$867.73
7.50%$889.40
7.75%$911.28
8.00%$933.35
8.25%$955.61
8.50%$978.06
8.75%$1,000.68
9.00%$1,023.48
9.25%$1,046.44
9.50%$1,069.57
9.75%$1,092.84
10.00%$1,116.27
10.25%$1,139.84
10.50%$1,163.55
10.75%$1,187.39
11.00%$1,211.36
11.25%$1,235.44
11.50%$1,259.65
11.75%$1,283.97
12.00%$1,308.40