$79,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $79k 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 79,000 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 $79,000 house.
2% interest
0% down$292.00/mo
5% down$277.40/mo
10% down$262.80/mo
15% down$248.20/mo
20% down$233.60/mo
25% down$219.00/mo
30% down$204.40/mo
35% down$189.80/mo
40% down$175.20/mo
45% down$160.60/mo
50% down$146.00/mo
4% interest
0% down$377.16/mo
5% down$358.30/mo
10% down$339.44/mo
15% down$320.58/mo
20% down$301.73/mo
25% down$282.87/mo
30% down$264.01/mo
35% down$245.15/mo
40% down$226.29/mo
45% down$207.44/mo
50% down$188.58/mo
6% interest
0% down$473.64/mo
5% down$449.96/mo
10% down$426.28/mo
15% down$402.60/mo
20% down$378.92/mo
25% down$355.23/mo
30% down$331.55/mo
35% down$307.87/mo
40% down$284.19/mo
45% down$260.50/mo
50% down$236.82/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 79,000 house with a 20% down payment?
($63,200 loan. 30 year mortgage)
0.25%$182.24
0.50%$189.09
0.75%$196.10
1.00%$203.28
1.25%$210.62
1.50%$218.12
1.75%$225.78
2.00%$233.60
2.25%$241.58
2.50%$249.72
2.75%$258.01
3.00%$266.45
3.25%$275.05
3.50%$283.80
3.75%$292.69
4.00%$301.73
4.25%$310.91
4.50%$320.23
4.75%$329.68
5.00%$339.27
5.25%$348.99
5.50%$358.84
5.75%$368.82
6.00%$378.92
6.25%$389.13
6.50%$399.47
6.75%$409.91
7.00%$420.47
7.25%$431.14
7.50%$441.90
7.75%$452.77
8.00%$463.74
8.25%$474.80
8.50%$485.95
8.75%$497.19
9.00%$508.52
9.25%$519.93
9.50%$531.42
9.75%$542.99
10.00%$554.63
10.25%$566.34
10.50%$578.12
10.75%$589.96
11.00%$601.87
11.25%$613.84
11.50%$625.86
11.75%$637.95
12.00%$650.08