Use the mortgage calculator to calculate the cost of buying a $67k 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 67,000 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 $67,000 house.
$67,000 Home at 2%
| 0% down | $247.65/mo |
| 5% down | $235.26/mo |
| 10% down | $222.88/mo |
| 15% down | $210.50/mo |
| 20% down | $198.12/mo |
| 25% down | $185.73/mo |
| 30% down | $173.35/mo |
| 35% down | $160.97/mo |
| 40% down | $148.59/mo |
| 45% down | $136.20/mo |
| 50% down | $123.82/mo |
$67,000 Home at 4%
| 0% down | $319.87/mo |
| 5% down | $303.87/mo |
| 10% down | $287.88/mo |
| 15% down | $271.89/mo |
| 20% down | $255.89/mo |
| 25% down | $239.90/mo |
| 30% down | $223.91/mo |
| 35% down | $207.91/mo |
| 40% down | $191.92/mo |
| 45% down | $175.93/mo |
| 50% down | $159.93/mo |
$67,000 Home at 6%
| 0% down | $401.70/mo |
| 5% down | $381.61/mo |
| 10% down | $361.53/mo |
| 15% down | $341.44/mo |
| 20% down | $321.36/mo |
| 25% down | $301.27/mo |
| 30% down | $281.19/mo |
| 35% down | $261.10/mo |
| 40% down | $241.02/mo |
| 45% down | $220.93/mo |
| 50% down | $200.85/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.