Use the mortgage calculator to calculate the cost of buying a $185k 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 185,000 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 $185,000 house.
$185,000 Home at 2%
0% down | $683.80/mo |
5% down | $649.61/mo |
10% down | $615.42/mo |
15% down | $581.23/mo |
20% down | $547.04/mo |
25% down | $512.85/mo |
30% down | $478.66/mo |
35% down | $444.47/mo |
40% down | $410.28/mo |
45% down | $376.09/mo |
50% down | $341.90/mo |
$185,000 Home at 4%
0% down | $883.22/mo |
5% down | $839.06/mo |
10% down | $794.90/mo |
15% down | $750.74/mo |
20% down | $706.57/mo |
25% down | $662.41/mo |
30% down | $618.25/mo |
35% down | $574.09/mo |
40% down | $529.93/mo |
45% down | $485.77/mo |
50% down | $441.61/mo |
$185,000 Home at 6%
0% down | $1,109.17/mo |
5% down | $1,053.71/mo |
10% down | $998.25/mo |
15% down | $942.79/mo |
20% down | $887.33/mo |
25% down | $831.88/mo |
30% down | $776.42/mo |
35% down | $720.96/mo |
40% down | $665.50/mo |
45% down | $610.04/mo |
50% down | $554.58/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.