Use the mortgage calculator to calculate the cost of buying a $78k 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 78,000 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 $78,000 house.
$78,000 Home at 2%
| 0% down | $288.30/mo |
| 5% down | $273.89/mo |
| 10% down | $259.47/mo |
| 15% down | $245.06/mo |
| 20% down | $230.64/mo |
| 25% down | $216.23/mo |
| 30% down | $201.81/mo |
| 35% down | $187.40/mo |
| 40% down | $172.98/mo |
| 45% down | $158.57/mo |
| 50% down | $144.15/mo |
$78,000 Home at 4%
| 0% down | $372.38/mo |
| 5% down | $353.76/mo |
| 10% down | $335.15/mo |
| 15% down | $316.53/mo |
| 20% down | $297.91/mo |
| 25% down | $279.29/mo |
| 30% down | $260.67/mo |
| 35% down | $242.05/mo |
| 40% down | $223.43/mo |
| 45% down | $204.81/mo |
| 50% down | $186.19/mo |
$78,000 Home at 6%
| 0% down | $467.65/mo |
| 5% down | $444.27/mo |
| 10% down | $420.88/mo |
| 15% down | $397.50/mo |
| 20% down | $374.12/mo |
| 25% down | $350.74/mo |
| 30% down | $327.35/mo |
| 35% down | $303.97/mo |
| 40% down | $280.59/mo |
| 45% down | $257.21/mo |
| 50% down | $233.82/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.