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.
$34,000 Home at 2%
| 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 |
$34,000 Home at 4%
| 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 |
$34,000 Home at 6%
| 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.