Use the mortgage calculator to calculate the cost of buying a $64k 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 64,000 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 $64,000 house.
$64,000 Home at 2%
| 0% down | $236.56/mo |
| 5% down | $224.73/mo |
| 10% down | $212.90/mo |
| 15% down | $201.07/mo |
| 20% down | $189.25/mo |
| 25% down | $177.42/mo |
| 30% down | $165.59/mo |
| 35% down | $153.76/mo |
| 40% down | $141.93/mo |
| 45% down | $130.11/mo |
| 50% down | $118.28/mo |
$64,000 Home at 4%
| 0% down | $305.55/mo |
| 5% down | $290.27/mo |
| 10% down | $274.99/mo |
| 15% down | $259.71/mo |
| 20% down | $244.44/mo |
| 25% down | $229.16/mo |
| 30% down | $213.88/mo |
| 35% down | $198.60/mo |
| 40% down | $183.33/mo |
| 45% down | $168.05/mo |
| 50% down | $152.77/mo |
$64,000 Home at 6%
| 0% down | $383.71/mo |
| 5% down | $364.53/mo |
| 10% down | $345.34/mo |
| 15% down | $326.16/mo |
| 20% down | $306.97/mo |
| 25% down | $287.78/mo |
| 30% down | $268.60/mo |
| 35% down | $249.41/mo |
| 40% down | $230.23/mo |
| 45% down | $211.04/mo |
| 50% down | $191.86/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.