$162,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $162k 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 162,000 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 $162,000 house.
2% interest
0% down$598.78/mo
5% down$568.84/mo
10% down$538.91/mo
15% down$508.97/mo
20% down$479.03/mo
25% down$449.09/mo
30% down$419.15/mo
35% down$389.21/mo
40% down$359.27/mo
45% down$329.33/mo
50% down$299.39/mo
4% interest
0% down$773.41/mo
5% down$734.74/mo
10% down$696.07/mo
15% down$657.40/mo
20% down$618.73/mo
25% down$580.06/mo
30% down$541.39/mo
35% down$502.72/mo
40% down$464.05/mo
45% down$425.38/mo
50% down$386.71/mo
6% interest
0% down$971.27/mo
5% down$922.71/mo
10% down$874.14/mo
15% down$825.58/mo
20% down$777.02/mo
25% down$728.45/mo
30% down$679.89/mo
35% down$631.33/mo
40% down$582.76/mo
45% down$534.20/mo
50% down$485.64/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 162,000 house with a 20% down payment?
($129,600 loan. 30 year mortgage)
0.25%$373.71
0.50%$387.75
0.75%$402.13
1.00%$416.84
1.25%$431.89
1.50%$447.28
1.75%$462.99
2.00%$479.03
2.25%$495.39
2.50%$512.08
2.75%$529.08
3.00%$546.40
3.25%$564.03
3.50%$581.96
3.75%$600.20
4.00%$618.73
4.25%$637.55
4.50%$656.66
4.75%$676.05
5.00%$695.72
5.25%$715.66
5.50%$735.85
5.75%$756.31
6.00%$777.02
6.25%$797.97
6.50%$819.16
6.75%$840.58
7.00%$862.23
7.25%$884.10
7.50%$906.18
7.75%$928.47
8.00%$950.96
8.25%$973.64
8.50%$996.51
8.75%$1,019.56
9.00%$1,042.79
9.25%$1,066.19
9.50%$1,089.75
9.75%$1,113.46
10.00%$1,137.33
10.25%$1,161.35
10.50%$1,185.50
10.75%$1,209.79
11.00%$1,234.21
11.25%$1,258.75
11.50%$1,283.42
11.75%$1,308.20
12.00%$1,333.08