Use the mortgage calculator to calculate the cost of buying a $37k 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 37,000 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 $37,000 house.
$37,000 Home at 2%
| 0% down | $136.76/mo |
| 5% down | $129.92/mo |
| 10% down | $123.08/mo |
| 15% down | $116.25/mo |
| 20% down | $109.41/mo |
| 25% down | $102.57/mo |
| 30% down | $95.73/mo |
| 35% down | $88.89/mo |
| 40% down | $82.06/mo |
| 45% down | $75.22/mo |
| 50% down | $68.38/mo |
$37,000 Home at 4%
| 0% down | $176.64/mo |
| 5% down | $167.81/mo |
| 10% down | $158.98/mo |
| 15% down | $150.15/mo |
| 20% down | $141.31/mo |
| 25% down | $132.48/mo |
| 30% down | $123.65/mo |
| 35% down | $114.82/mo |
| 40% down | $105.99/mo |
| 45% down | $97.15/mo |
| 50% down | $88.32/mo |
$37,000 Home at 6%
| 0% down | $221.83/mo |
| 5% down | $210.74/mo |
| 10% down | $199.65/mo |
| 15% down | $188.56/mo |
| 20% down | $177.47/mo |
| 25% down | $166.38/mo |
| 30% down | $155.28/mo |
| 35% down | $144.19/mo |
| 40% down | $133.10/mo |
| 45% down | $122.01/mo |
| 50% down | $110.92/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.