Use the mortgage calculator to calculate the cost of buying a $99k 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 99,000 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 $99,000 house.
$99,000 Home at 2%
| 0% down | $365.92/mo |
| 5% down | $347.63/mo |
| 10% down | $329.33/mo |
| 15% down | $311.03/mo |
| 20% down | $292.74/mo |
| 25% down | $274.44/mo |
| 30% down | $256.15/mo |
| 35% down | $237.85/mo |
| 40% down | $219.55/mo |
| 45% down | $201.26/mo |
| 50% down | $182.96/mo |
$99,000 Home at 4%
| 0% down | $472.64/mo |
| 5% down | $449.01/mo |
| 10% down | $425.38/mo |
| 15% down | $401.74/mo |
| 20% down | $378.11/mo |
| 25% down | $354.48/mo |
| 30% down | $330.85/mo |
| 35% down | $307.22/mo |
| 40% down | $283.58/mo |
| 45% down | $259.95/mo |
| 50% down | $236.32/mo |
$99,000 Home at 6%
| 0% down | $593.56/mo |
| 5% down | $563.88/mo |
| 10% down | $534.20/mo |
| 15% down | $504.52/mo |
| 20% down | $474.84/mo |
| 25% down | $445.17/mo |
| 30% down | $415.49/mo |
| 35% down | $385.81/mo |
| 40% down | $356.13/mo |
| 45% down | $326.46/mo |
| 50% down | $296.78/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.