Use the mortgage calculator to calculate the cost of buying a $81k 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 81,000 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 $81,000 house.
$81,000 Home at 2%
| 0% down | $299.39/mo |
| 5% down | $284.42/mo |
| 10% down | $269.45/mo |
| 15% down | $254.48/mo |
| 20% down | $239.51/mo |
| 25% down | $224.54/mo |
| 30% down | $209.57/mo |
| 35% down | $194.60/mo |
| 40% down | $179.64/mo |
| 45% down | $164.67/mo |
| 50% down | $149.70/mo |
$81,000 Home at 4%
| 0% down | $386.71/mo |
| 5% down | $367.37/mo |
| 10% down | $348.04/mo |
| 15% down | $328.70/mo |
| 20% down | $309.37/mo |
| 25% down | $290.03/mo |
| 30% down | $270.69/mo |
| 35% down | $251.36/mo |
| 40% down | $232.02/mo |
| 45% down | $212.69/mo |
| 50% down | $193.35/mo |
$81,000 Home at 6%
| 0% down | $485.64/mo |
| 5% down | $461.35/mo |
| 10% down | $437.07/mo |
| 15% down | $412.79/mo |
| 20% down | $388.51/mo |
| 25% down | $364.23/mo |
| 30% down | $339.95/mo |
| 35% down | $315.66/mo |
| 40% down | $291.38/mo |
| 45% down | $267.10/mo |
| 50% down | $242.82/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.