$166,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $166k 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 166,000 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 $166,000 house.
2% interest
0% down$613.57/mo
5% down$582.89/mo
10% down$552.21/mo
15% down$521.53/mo
20% down$490.85/mo
25% down$460.18/mo
30% down$429.50/mo
35% down$398.82/mo
40% down$368.14/mo
45% down$337.46/mo
50% down$306.78/mo
4% interest
0% down$792.51/mo
5% down$752.88/mo
10% down$713.26/mo
15% down$673.63/mo
20% down$634.01/mo
25% down$594.38/mo
30% down$554.76/mo
35% down$515.13/mo
40% down$475.51/mo
45% down$435.88/mo
50% down$396.25/mo
6% interest
0% down$995.25/mo
5% down$945.49/mo
10% down$895.73/mo
15% down$845.97/mo
20% down$796.20/mo
25% down$746.44/mo
30% down$696.68/mo
35% down$646.92/mo
40% down$597.15/mo
45% down$547.39/mo
50% down$497.63/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 166,000 house with a 20% down payment?
($132,800 loan. 30 year mortgage)
0.25%$382.93
0.50%$397.32
0.75%$412.06
1.00%$427.14
1.25%$442.56
1.50%$458.32
1.75%$474.42
2.00%$490.85
2.25%$507.62
2.50%$524.72
2.75%$542.14
3.00%$559.89
3.25%$577.95
3.50%$596.33
3.75%$615.02
4.00%$634.01
4.25%$653.30
4.50%$672.88
4.75%$692.75
5.00%$712.90
5.25%$733.33
5.50%$754.02
5.75%$774.98
6.00%$796.20
6.25%$817.67
6.50%$839.39
6.75%$861.34
7.00%$883.52
7.25%$905.93
7.50%$928.56
7.75%$951.40
8.00%$974.44
8.25%$997.68
8.50%$1,021.12
8.75%$1,044.74
9.00%$1,068.54
9.25%$1,092.51
9.50%$1,116.65
9.75%$1,140.96
10.00%$1,165.42
10.25%$1,190.02
10.50%$1,214.77
10.75%$1,239.66
11.00%$1,264.69
11.25%$1,289.84
11.50%$1,315.11
11.75%$1,340.50
12.00%$1,366.00