$34,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $34k 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 34,000 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 $34,000 house.
2% interest
0% down$125.67/mo
5% down$119.39/mo
10% down$113.10/mo
15% down$106.82/mo
20% down$100.54/mo
25% down$94.25/mo
30% down$87.97/mo
35% down$81.69/mo
40% down$75.40/mo
45% down$69.12/mo
50% down$62.84/mo
4% interest
0% down$162.32/mo
5% down$154.21/mo
10% down$146.09/mo
15% down$137.97/mo
20% down$129.86/mo
25% down$121.74/mo
30% down$113.62/mo
35% down$105.51/mo
40% down$97.39/mo
45% down$89.28/mo
50% down$81.16/mo
6% interest
0% down$203.85/mo
5% down$193.65/mo
10% down$183.46/mo
15% down$173.27/mo
20% down$163.08/mo
25% down$152.89/mo
30% down$142.69/mo
35% down$132.50/mo
40% down$122.31/mo
45% down$112.12/mo
50% down$101.92/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 34,000 house with a 20% down payment?
($27,200 loan. 30 year mortgage)
0.25%$78.43
0.50%$81.38
0.75%$84.40
1.00%$87.49
1.25%$90.64
1.50%$93.87
1.75%$97.17
2.00%$100.54
2.25%$103.97
2.50%$107.47
2.75%$111.04
3.00%$114.68
3.25%$118.38
3.50%$122.14
3.75%$125.97
4.00%$129.86
4.25%$133.81
4.50%$137.82
4.75%$141.89
5.00%$146.02
5.25%$150.20
5.50%$154.44
5.75%$158.73
6.00%$163.08
6.25%$167.48
6.50%$171.92
6.75%$176.42
7.00%$180.96
7.25%$185.55
7.50%$190.19
7.75%$194.86
8.00%$199.58
8.25%$204.34
8.50%$209.14
8.75%$213.98
9.00%$218.86
9.25%$223.77
9.50%$228.71
9.75%$233.69
10.00%$238.70
10.25%$243.74
10.50%$248.81
10.75%$253.91
11.00%$259.03
11.25%$264.18
11.50%$269.36
11.75%$274.56
12.00%$279.78