$70,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $70k 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 70,000 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 $70,000 house.
2% interest
0% down$258.73/mo
5% down$245.80/mo
10% down$232.86/mo
15% down$219.92/mo
20% down$206.99/mo
25% down$194.05/mo
30% down$181.11/mo
35% down$168.18/mo
40% down$155.24/mo
45% down$142.30/mo
50% down$129.37/mo
4% interest
0% down$334.19/mo
5% down$317.48/mo
10% down$300.77/mo
15% down$284.06/mo
20% down$267.35/mo
25% down$250.64/mo
30% down$233.93/mo
35% down$217.22/mo
40% down$200.51/mo
45% down$183.80/mo
50% down$167.10/mo
6% interest
0% down$419.69/mo
5% down$398.70/mo
10% down$377.72/mo
15% down$356.73/mo
20% down$335.75/mo
25% down$314.76/mo
30% down$293.78/mo
35% down$272.80/mo
40% down$251.81/mo
45% down$230.83/mo
50% down$209.84/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 70,000 house with a 20% down payment?
($56,000 loan. 30 year mortgage)
0.25%$161.48
0.50%$167.55
0.75%$173.76
1.00%$180.12
1.25%$186.62
1.50%$193.27
1.75%$200.06
2.00%$206.99
2.25%$214.06
2.50%$221.27
2.75%$228.62
3.00%$236.10
3.25%$243.72
3.50%$251.47
3.75%$259.34
4.00%$267.35
4.25%$275.49
4.50%$283.74
4.75%$292.12
5.00%$300.62
5.25%$309.23
5.50%$317.96
5.75%$326.80
6.00%$335.75
6.25%$344.80
6.50%$353.96
6.75%$363.21
7.00%$372.57
7.25%$382.02
7.50%$391.56
7.75%$401.19
8.00%$410.91
8.25%$420.71
8.50%$430.59
8.75%$440.55
9.00%$450.59
9.25%$460.70
9.50%$470.88
9.75%$481.13
10.00%$491.44
10.25%$501.82
10.50%$512.25
10.75%$522.75
11.00%$533.30
11.25%$543.91
11.50%$554.56
11.75%$565.27
12.00%$576.02