Use the mortgage calculator to calculate the cost of buying a $43k 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 43,000 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 $43,000 house.
2% interest
| 0% down | $158.94/mo |
| 5% down | $150.99/mo |
| 10% down | $143.04/mo |
| 15% down | $135.10/mo |
| 20% down | $127.15/mo |
| 25% down | $119.20/mo |
| 30% down | $111.26/mo |
| 35% down | $103.31/mo |
| 40% down | $95.36/mo |
| 45% down | $87.42/mo |
| 50% down | $79.47/mo |
4% interest
| 0% down | $205.29/mo |
| 5% down | $195.02/mo |
| 10% down | $184.76/mo |
| 15% down | $174.50/mo |
| 20% down | $164.23/mo |
| 25% down | $153.97/mo |
| 30% down | $143.70/mo |
| 35% down | $133.44/mo |
| 40% down | $123.17/mo |
| 45% down | $112.91/mo |
| 50% down | $102.64/mo |
6% interest
| 0% down | $257.81/mo |
| 5% down | $244.92/mo |
| 10% down | $232.03/mo |
| 15% down | $219.14/mo |
| 20% down | $206.25/mo |
| 25% down | $193.36/mo |
| 30% down | $180.46/mo |
| 35% down | $167.57/mo |
| 40% down | $154.68/mo |
| 45% down | $141.79/mo |
| 50% down | $128.90/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.