$68,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $68k 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 68,000 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 $68,000 house.
2% interest
0% down$251.34/mo
5% down$238.77/mo
10% down$226.21/mo
15% down$213.64/mo
20% down$201.07/mo
25% down$188.51/mo
30% down$175.94/mo
35% down$163.37/mo
40% down$150.80/mo
45% down$138.24/mo
50% down$125.67/mo
4% interest
0% down$324.64/mo
5% down$308.41/mo
10% down$292.18/mo
15% down$275.95/mo
20% down$259.71/mo
25% down$243.48/mo
30% down$227.25/mo
35% down$211.02/mo
40% down$194.79/mo
45% down$178.55/mo
50% down$162.32/mo
6% interest
0% down$407.69/mo
5% down$387.31/mo
10% down$366.92/mo
15% down$346.54/mo
20% down$326.16/mo
25% down$305.77/mo
30% down$285.39/mo
35% down$265.00/mo
40% down$244.62/mo
45% down$224.23/mo
50% down$203.85/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 68,000 house with a 20% down payment?
($54,400 loan. 30 year mortgage)
0.25%$156.86
0.50%$162.76
0.75%$168.80
1.00%$174.97
1.25%$181.29
1.50%$187.75
1.75%$194.34
2.00%$201.07
2.25%$207.94
2.50%$214.95
2.75%$222.08
3.00%$229.35
3.25%$236.75
3.50%$244.28
3.75%$251.93
4.00%$259.71
4.25%$267.62
4.50%$275.64
4.75%$283.78
5.00%$292.03
5.25%$300.40
5.50%$308.88
5.75%$317.46
6.00%$326.16
6.25%$334.95
6.50%$343.85
6.75%$352.84
7.00%$361.92
7.25%$371.10
7.50%$380.37
7.75%$389.73
8.00%$399.17
8.25%$408.69
8.50%$418.29
8.75%$427.97
9.00%$437.71
9.25%$447.54
9.50%$457.42
9.75%$467.38
10.00%$477.40
10.25%$487.48
10.50%$497.62
10.75%$507.81
11.00%$518.06
11.25%$528.37
11.50%$538.72
11.75%$549.12
12.00%$559.57