Use the mortgage calculator to calculate the cost of buying a $68k 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 68,000 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 $68,000 house.
$68,000 Home at 2%
0% down | $251.34/mo |
5% down | $238.77/mo |
10% down | $226.21/mo |
15% down | $213.64/mo |
20% down | $201.07/mo |
25% down | $188.51/mo |
30% down | $175.94/mo |
35% down | $163.37/mo |
40% down | $150.80/mo |
45% down | $138.24/mo |
50% down | $125.67/mo |
$68,000 Home at 4%
0% down | $324.64/mo |
5% down | $308.41/mo |
10% down | $292.18/mo |
15% down | $275.95/mo |
20% down | $259.71/mo |
25% down | $243.48/mo |
30% down | $227.25/mo |
35% down | $211.02/mo |
40% down | $194.79/mo |
45% down | $178.55/mo |
50% down | $162.32/mo |
$68,000 Home at 6%
0% down | $407.69/mo |
5% down | $387.31/mo |
10% down | $366.92/mo |
15% down | $346.54/mo |
20% down | $326.16/mo |
25% down | $305.77/mo |
30% down | $285.39/mo |
35% down | $265.00/mo |
40% down | $244.62/mo |
45% down | $224.23/mo |
50% down | $203.85/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.