$160,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $160k 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 160,000 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 $160,000 house.
2% interest
0% down$591.39/mo
5% down$561.82/mo
10% down$532.25/mo
15% down$502.68/mo
20% down$473.11/mo
25% down$443.54/mo
30% down$413.97/mo
35% down$384.40/mo
40% down$354.83/mo
45% down$325.27/mo
50% down$295.70/mo
4% interest
0% down$763.86/mo
5% down$725.67/mo
10% down$687.48/mo
15% down$649.28/mo
20% down$611.09/mo
25% down$572.90/mo
30% down$534.71/mo
35% down$496.51/mo
40% down$458.32/mo
45% down$420.13/mo
50% down$381.93/mo
6% interest
0% down$959.28/mo
5% down$911.32/mo
10% down$863.35/mo
15% down$815.39/mo
20% down$767.42/mo
25% down$719.46/mo
30% down$671.50/mo
35% down$623.53/mo
40% down$575.57/mo
45% down$527.60/mo
50% down$479.64/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 160,000 house with a 20% down payment?
($128,000 loan. 30 year mortgage)
0.25%$369.09
0.50%$382.96
0.75%$397.16
1.00%$411.70
1.25%$426.56
1.50%$441.75
1.75%$457.27
2.00%$473.11
2.25%$489.28
2.50%$505.75
2.75%$522.55
3.00%$539.65
3.25%$557.06
3.50%$574.78
3.75%$592.79
4.00%$611.09
4.25%$629.68
4.50%$648.56
4.75%$667.71
5.00%$687.13
5.25%$706.82
5.50%$726.77
5.75%$746.97
6.00%$767.42
6.25%$788.12
6.50%$809.05
6.75%$830.21
7.00%$851.59
7.25%$873.19
7.50%$894.99
7.75%$917.01
8.00%$939.22
8.25%$961.62
8.50%$984.21
8.75%$1,006.98
9.00%$1,029.92
9.25%$1,053.02
9.50%$1,076.29
9.75%$1,099.72
10.00%$1,123.29
10.25%$1,147.01
10.50%$1,170.87
10.75%$1,194.86
11.00%$1,218.97
11.25%$1,243.21
11.50%$1,267.57
11.75%$1,292.04
12.00%$1,316.62