Use the mortgage calculator to calculate the cost of buying a $76k 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 76,000 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 $76,000 house.
2% interest
| 0% down | $280.91/mo |
| 5% down | $266.87/mo |
| 10% down | $252.82/mo |
| 15% down | $238.77/mo |
| 20% down | $224.73/mo |
| 25% down | $210.68/mo |
| 30% down | $196.64/mo |
| 35% down | $182.59/mo |
| 40% down | $168.55/mo |
| 45% down | $154.50/mo |
| 50% down | $140.46/mo |
4% interest
| 0% down | $362.84/mo |
| 5% down | $344.69/mo |
| 10% down | $326.55/mo |
| 15% down | $308.41/mo |
| 20% down | $290.27/mo |
| 25% down | $272.13/mo |
| 30% down | $253.98/mo |
| 35% down | $235.84/mo |
| 40% down | $217.70/mo |
| 45% down | $199.56/mo |
| 50% down | $181.42/mo |
6% interest
| 0% down | $455.66/mo |
| 5% down | $432.88/mo |
| 10% down | $410.09/mo |
| 15% down | $387.31/mo |
| 20% down | $364.53/mo |
| 25% down | $341.74/mo |
| 30% down | $318.96/mo |
| 35% down | $296.18/mo |
| 40% down | $273.40/mo |
| 45% down | $250.61/mo |
| 50% down | $227.83/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.