Use the mortgage calculator to calculate the cost of buying a $168k 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 168,000 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 $168,000 house.
$168,000 Home at 2%
| 0% down | $620.96/mo |
| 5% down | $589.91/mo |
| 10% down | $558.86/mo |
| 15% down | $527.82/mo |
| 20% down | $496.77/mo |
| 25% down | $465.72/mo |
| 30% down | $434.67/mo |
| 35% down | $403.62/mo |
| 40% down | $372.58/mo |
| 45% down | $341.53/mo |
| 50% down | $310.48/mo |
$168,000 Home at 4%
| 0% down | $802.06/mo |
| 5% down | $761.95/mo |
| 10% down | $721.85/mo |
| 15% down | $681.75/mo |
| 20% down | $641.65/mo |
| 25% down | $601.54/mo |
| 30% down | $561.44/mo |
| 35% down | $521.34/mo |
| 40% down | $481.23/mo |
| 45% down | $441.13/mo |
| 50% down | $401.03/mo |
$168,000 Home at 6%
| 0% down | $1,007.24/mo |
| 5% down | $956.88/mo |
| 10% down | $906.52/mo |
| 15% down | $856.16/mo |
| 20% down | $805.80/mo |
| 25% down | $755.43/mo |
| 30% down | $705.07/mo |
| 35% down | $654.71/mo |
| 40% down | $604.35/mo |
| 45% down | $553.98/mo |
| 50% down | $503.62/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.