Use the mortgage calculator to calculate the cost of buying a $165k 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 165,000 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 $165,000 house.
$165,000 Home at 2%
| 0% down | $609.87/mo |
| 5% down | $579.38/mo |
| 10% down | $548.88/mo |
| 15% down | $518.39/mo |
| 20% down | $487.90/mo |
| 25% down | $457.40/mo |
| 30% down | $426.91/mo |
| 35% down | $396.42/mo |
| 40% down | $365.92/mo |
| 45% down | $335.43/mo |
| 50% down | $304.94/mo |
$165,000 Home at 4%
| 0% down | $787.74/mo |
| 5% down | $748.35/mo |
| 10% down | $708.96/mo |
| 15% down | $669.57/mo |
| 20% down | $630.19/mo |
| 25% down | $590.80/mo |
| 30% down | $551.41/mo |
| 35% down | $512.03/mo |
| 40% down | $472.64/mo |
| 45% down | $433.25/mo |
| 50% down | $393.87/mo |
$165,000 Home at 6%
| 0% down | $989.26/mo |
| 5% down | $939.80/mo |
| 10% down | $890.33/mo |
| 15% down | $840.87/mo |
| 20% down | $791.41/mo |
| 25% down | $741.94/mo |
| 30% down | $692.48/mo |
| 35% down | $643.02/mo |
| 40% down | $593.56/mo |
| 45% down | $544.09/mo |
| 50% down | $494.63/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.