Use the mortgage calculator to calculate the cost of buying a $186k 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 186,000 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 $186,000 house.
$186,000 Home at 2%
| 0% down | $687.49/mo |
| 5% down | $653.12/mo |
| 10% down | $618.74/mo |
| 15% down | $584.37/mo |
| 20% down | $549.99/mo |
| 25% down | $515.62/mo |
| 30% down | $481.24/mo |
| 35% down | $446.87/mo |
| 40% down | $412.50/mo |
| 45% down | $378.12/mo |
| 50% down | $343.75/mo |
$186,000 Home at 4%
| 0% down | $887.99/mo |
| 5% down | $843.59/mo |
| 10% down | $799.19/mo |
| 15% down | $754.79/mo |
| 20% down | $710.39/mo |
| 25% down | $665.99/mo |
| 30% down | $621.59/mo |
| 35% down | $577.20/mo |
| 40% down | $532.80/mo |
| 45% down | $488.40/mo |
| 50% down | $444.00/mo |
$186,000 Home at 6%
| 0% down | $1,115.16/mo |
| 5% down | $1,059.41/mo |
| 10% down | $1,003.65/mo |
| 15% down | $947.89/mo |
| 20% down | $892.13/mo |
| 25% down | $836.37/mo |
| 30% down | $780.61/mo |
| 35% down | $724.86/mo |
| 40% down | $669.10/mo |
| 45% down | $613.34/mo |
| 50% down | $557.58/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.