Use the mortgage calculator to calculate the cost of buying a $69k 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 69,000 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 $69,000 house.
2% interest
| 0% down | $255.04/mo |
| 5% down | $242.29/mo |
| 10% down | $229.53/mo |
| 15% down | $216.78/mo |
| 20% down | $204.03/mo |
| 25% down | $191.28/mo |
| 30% down | $178.53/mo |
| 35% down | $165.77/mo |
| 40% down | $153.02/mo |
| 45% down | $140.27/mo |
| 50% down | $127.52/mo |
4% interest
| 0% down | $329.42/mo |
| 5% down | $312.95/mo |
| 10% down | $296.47/mo |
| 15% down | $280.00/mo |
| 20% down | $263.53/mo |
| 25% down | $247.06/mo |
| 30% down | $230.59/mo |
| 35% down | $214.12/mo |
| 40% down | $197.65/mo |
| 45% down | $181.18/mo |
| 50% down | $164.71/mo |
6% interest
| 0% down | $413.69/mo |
| 5% down | $393.01/mo |
| 10% down | $372.32/mo |
| 15% down | $351.64/mo |
| 20% down | $330.95/mo |
| 25% down | $310.27/mo |
| 30% down | $289.58/mo |
| 35% down | $268.90/mo |
| 40% down | $248.21/mo |
| 45% down | $227.53/mo |
| 50% down | $206.84/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.