Use the mortgage calculator to calculate the cost of buying a $90k 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 90,000 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 $90,000 house.
2% interest
0% down | $332.66/mo |
5% down | $316.02/mo |
10% down | $299.39/mo |
15% down | $282.76/mo |
20% down | $266.13/mo |
25% down | $249.49/mo |
30% down | $232.86/mo |
35% down | $216.23/mo |
40% down | $199.59/mo |
45% down | $182.96/mo |
50% down | $166.33/mo |
4% interest
0% down | $429.67/mo |
5% down | $408.19/mo |
10% down | $386.71/mo |
15% down | $365.22/mo |
20% down | $343.74/mo |
25% down | $322.26/mo |
30% down | $300.77/mo |
35% down | $279.29/mo |
40% down | $257.80/mo |
45% down | $236.32/mo |
50% down | $214.84/mo |
6% interest
0% down | $539.60/mo |
5% down | $512.62/mo |
10% down | $485.64/mo |
15% down | $458.66/mo |
20% down | $431.68/mo |
25% down | $404.70/mo |
30% down | $377.72/mo |
35% down | $350.74/mo |
40% down | $323.76/mo |
45% down | $296.78/mo |
50% down | $269.80/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.