$161,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $161k 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 161,000 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 $161,000 house.
2% interest
0% down$595.09/mo
5% down$565.33/mo
10% down$535.58/mo
15% down$505.82/mo
20% down$476.07/mo
25% down$446.32/mo
30% down$416.56/mo
35% down$386.81/mo
40% down$357.05/mo
45% down$327.30/mo
50% down$297.54/mo
4% interest
0% down$768.64/mo
5% down$730.21/mo
10% down$691.77/mo
15% down$653.34/mo
20% down$614.91/mo
25% down$576.48/mo
30% down$538.05/mo
35% down$499.62/mo
40% down$461.18/mo
45% down$422.75/mo
50% down$384.32/mo
6% interest
0% down$965.28/mo
5% down$917.01/mo
10% down$868.75/mo
15% down$820.48/mo
20% down$772.22/mo
25% down$723.96/mo
30% down$675.69/mo
35% down$627.43/mo
40% down$579.17/mo
45% down$530.90/mo
50% down$482.64/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 161,000 house with a 20% down payment?
($128,800 loan. 30 year mortgage)
0.25%$371.40
0.50%$385.36
0.75%$399.65
1.00%$414.27
1.25%$429.23
1.50%$444.51
1.75%$460.13
2.00%$476.07
2.25%$492.33
2.50%$508.92
2.75%$525.81
3.00%$543.03
3.25%$560.55
3.50%$578.37
3.75%$596.49
4.00%$614.91
4.25%$633.62
4.50%$652.61
4.75%$671.88
5.00%$691.43
5.25%$711.24
5.50%$731.31
5.75%$751.64
6.00%$772.22
6.25%$793.04
6.50%$814.10
6.75%$835.39
7.00%$856.91
7.25%$878.64
7.50%$900.59
7.75%$922.74
8.00%$945.09
8.25%$967.63
8.50%$990.36
8.75%$1,013.27
9.00%$1,036.35
9.25%$1,059.61
9.50%$1,083.02
9.75%$1,106.59
10.00%$1,130.31
10.25%$1,154.18
10.50%$1,178.18
10.75%$1,202.32
11.00%$1,226.59
11.25%$1,250.98
11.50%$1,275.50
11.75%$1,300.12
12.00%$1,324.85