Use the mortgage calculator to calculate the cost of buying a $92k 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 92,000 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 $92,000 house.
$92,000 Home at 2%
| 0% down | $340.05/mo |
| 5% down | $323.05/mo |
| 10% down | $306.04/mo |
| 15% down | $289.04/mo |
| 20% down | $272.04/mo |
| 25% down | $255.04/mo |
| 30% down | $238.03/mo |
| 35% down | $221.03/mo |
| 40% down | $204.03/mo |
| 45% down | $187.03/mo |
| 50% down | $170.02/mo |
$92,000 Home at 4%
| 0% down | $439.22/mo |
| 5% down | $417.26/mo |
| 10% down | $395.30/mo |
| 15% down | $373.34/mo |
| 20% down | $351.38/mo |
| 25% down | $329.42/mo |
| 30% down | $307.46/mo |
| 35% down | $285.49/mo |
| 40% down | $263.53/mo |
| 45% down | $241.57/mo |
| 50% down | $219.61/mo |
$92,000 Home at 6%
| 0% down | $551.59/mo |
| 5% down | $524.01/mo |
| 10% down | $496.43/mo |
| 15% down | $468.85/mo |
| 20% down | $441.27/mo |
| 25% down | $413.69/mo |
| 30% down | $386.11/mo |
| 35% down | $358.53/mo |
| 40% down | $330.95/mo |
| 45% down | $303.37/mo |
| 50% down | $275.79/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.