Use the mortgage calculator to calculate the cost of buying a $169k 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 169,000 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 $169,000 house.
2% interest
| 0% down | $624.66/mo |
| 5% down | $593.42/mo |
| 10% down | $562.19/mo |
| 15% down | $530.96/mo |
| 20% down | $499.73/mo |
| 25% down | $468.49/mo |
| 30% down | $437.26/mo |
| 35% down | $406.03/mo |
| 40% down | $374.79/mo |
| 45% down | $343.56/mo |
| 50% down | $312.33/mo |
4% interest
| 0% down | $806.83/mo |
| 5% down | $766.49/mo |
| 10% down | $726.15/mo |
| 15% down | $685.81/mo |
| 20% down | $645.47/mo |
| 25% down | $605.12/mo |
| 30% down | $564.78/mo |
| 35% down | $524.44/mo |
| 40% down | $484.10/mo |
| 45% down | $443.76/mo |
| 50% down | $403.42/mo |
6% interest
| 0% down | $1,013.24/mo |
| 5% down | $962.58/mo |
| 10% down | $911.92/mo |
| 15% down | $861.25/mo |
| 20% down | $810.59/mo |
| 25% down | $759.93/mo |
| 30% down | $709.27/mo |
| 35% down | $658.61/mo |
| 40% down | $607.94/mo |
| 45% down | $557.28/mo |
| 50% down | $506.62/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.