Use the mortgage calculator to calculate the cost of buying a $84k 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 84,000 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 $84,000 house.
$84,000 Home at 2%
| 0% down | $310.48/mo |
| 5% down | $294.96/mo |
| 10% down | $279.43/mo |
| 15% down | $263.91/mo |
| 20% down | $248.38/mo |
| 25% down | $232.86/mo |
| 30% down | $217.34/mo |
| 35% down | $201.81/mo |
| 40% down | $186.29/mo |
| 45% down | $170.76/mo |
| 50% down | $155.24/mo |
$84,000 Home at 4%
| 0% down | $401.03/mo |
| 5% down | $380.98/mo |
| 10% down | $360.93/mo |
| 15% down | $340.87/mo |
| 20% down | $320.82/mo |
| 25% down | $300.77/mo |
| 30% down | $280.72/mo |
| 35% down | $260.67/mo |
| 40% down | $240.62/mo |
| 45% down | $220.57/mo |
| 50% down | $200.51/mo |
$84,000 Home at 6%
| 0% down | $503.62/mo |
| 5% down | $478.44/mo |
| 10% down | $453.26/mo |
| 15% down | $428.08/mo |
| 20% down | $402.90/mo |
| 25% down | $377.72/mo |
| 30% down | $352.54/mo |
| 35% down | $327.35/mo |
| 40% down | $302.17/mo |
| 45% down | $276.99/mo |
| 50% down | $251.81/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.