Use the mortgage calculator to calculate the cost of buying a $93k 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 93,000 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 $93,000 house.
$93,000 Home at 2%
| 0% down | $343.75/mo |
| 5% down | $326.56/mo |
| 10% down | $309.37/mo |
| 15% down | $292.18/mo |
| 20% down | $275.00/mo |
| 25% down | $257.81/mo |
| 30% down | $240.62/mo |
| 35% down | $223.43/mo |
| 40% down | $206.25/mo |
| 45% down | $189.06/mo |
| 50% down | $171.87/mo |
$93,000 Home at 4%
| 0% down | $444.00/mo |
| 5% down | $421.80/mo |
| 10% down | $399.60/mo |
| 15% down | $377.40/mo |
| 20% down | $355.20/mo |
| 25% down | $333.00/mo |
| 30% down | $310.80/mo |
| 35% down | $288.60/mo |
| 40% down | $266.40/mo |
| 45% down | $244.20/mo |
| 50% down | $222.00/mo |
$93,000 Home at 6%
| 0% down | $557.58/mo |
| 5% down | $529.70/mo |
| 10% down | $501.82/mo |
| 15% down | $473.94/mo |
| 20% down | $446.07/mo |
| 25% down | $418.19/mo |
| 30% down | $390.31/mo |
| 35% down | $362.43/mo |
| 40% down | $334.55/mo |
| 45% down | $306.67/mo |
| 50% down | $278.79/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.