Use the mortgage calculator to calculate the cost of buying a $74k 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 74,000 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 $74,000 house.
$74,000 Home at 2%
| 0% down | $273.52/mo |
| 5% down | $259.84/mo |
| 10% down | $246.17/mo |
| 15% down | $232.49/mo |
| 20% down | $218.81/mo |
| 25% down | $205.14/mo |
| 30% down | $191.46/mo |
| 35% down | $177.79/mo |
| 40% down | $164.11/mo |
| 45% down | $150.44/mo |
| 50% down | $136.76/mo |
$74,000 Home at 4%
| 0% down | $353.29/mo |
| 5% down | $335.62/mo |
| 10% down | $317.96/mo |
| 15% down | $300.29/mo |
| 20% down | $282.63/mo |
| 25% down | $264.97/mo |
| 30% down | $247.30/mo |
| 35% down | $229.64/mo |
| 40% down | $211.97/mo |
| 45% down | $194.31/mo |
| 50% down | $176.64/mo |
$74,000 Home at 6%
| 0% down | $443.67/mo |
| 5% down | $421.48/mo |
| 10% down | $399.30/mo |
| 15% down | $377.12/mo |
| 20% down | $354.93/mo |
| 25% down | $332.75/mo |
| 30% down | $310.57/mo |
| 35% down | $288.38/mo |
| 40% down | $266.20/mo |
| 45% down | $244.02/mo |
| 50% down | $221.83/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.