$163,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $163k 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 163,000 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 $163,000 house.
2% interest
0% down$602.48/mo
5% down$572.36/mo
10% down$542.23/mo
15% down$512.11/mo
20% down$481.98/mo
25% down$451.86/mo
30% down$421.74/mo
35% down$391.61/mo
40% down$361.49/mo
45% down$331.36/mo
50% down$301.24/mo
4% interest
0% down$778.19/mo
5% down$739.28/mo
10% down$700.37/mo
15% down$661.46/mo
20% down$622.55/mo
25% down$583.64/mo
30% down$544.73/mo
35% down$505.82/mo
40% down$466.91/mo
45% down$428.00/mo
50% down$389.09/mo
6% interest
0% down$977.27/mo
5% down$928.40/mo
10% down$879.54/mo
15% down$830.68/mo
20% down$781.81/mo
25% down$732.95/mo
30% down$684.09/mo
35% down$635.22/mo
40% down$586.36/mo
45% down$537.50/mo
50% down$488.63/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 163,000 house with a 20% down payment?
($130,400 loan. 30 year mortgage)
0.25%$376.01
0.50%$390.14
0.75%$404.61
1.00%$419.42
1.25%$434.56
1.50%$450.04
1.75%$465.85
2.00%$481.98
2.25%$498.45
2.50%$515.24
2.75%$532.35
3.00%$549.77
3.25%$567.51
3.50%$585.55
3.75%$603.90
4.00%$622.55
4.25%$641.49
4.50%$660.72
4.75%$680.23
5.00%$700.02
5.25%$720.07
5.50%$740.40
5.75%$760.98
6.00%$781.81
6.25%$802.90
6.50%$824.22
6.75%$845.77
7.00%$867.55
7.25%$889.56
7.50%$911.78
7.75%$934.20
8.00%$956.83
8.25%$979.65
8.50%$1,002.66
8.75%$1,025.86
9.00%$1,049.23
9.25%$1,072.77
9.50%$1,096.47
9.75%$1,120.34
10.00%$1,144.35
10.25%$1,168.52
10.50%$1,192.82
10.75%$1,217.26
11.00%$1,241.83
11.25%$1,266.52
11.50%$1,291.34
11.75%$1,316.27
12.00%$1,341.31