$10,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $10k 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 10,000 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 $10,000 house.
2% interest
0% down$36.96/mo
5% down$35.11/mo
10% down$33.27/mo
15% down$31.42/mo
20% down$29.57/mo
25% down$27.72/mo
30% down$25.87/mo
35% down$24.03/mo
40% down$22.18/mo
45% down$20.33/mo
50% down$18.48/mo
4% interest
0% down$47.74/mo
5% down$45.35/mo
10% down$42.97/mo
15% down$40.58/mo
20% down$38.19/mo
25% down$35.81/mo
30% down$33.42/mo
35% down$31.03/mo
40% down$28.64/mo
45% down$26.26/mo
50% down$23.87/mo
6% interest
0% down$59.96/mo
5% down$56.96/mo
10% down$53.96/mo
15% down$50.96/mo
20% down$47.96/mo
25% down$44.97/mo
30% down$41.97/mo
35% down$38.97/mo
40% down$35.97/mo
45% down$32.98/mo
50% down$29.98/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 10,000 house with a 20% down payment?
($8,000 loan. 30 year mortgage)
0.25%$23.07
0.50%$23.94
0.75%$24.82
1.00%$25.73
1.25%$26.66
1.50%$27.61
1.75%$28.58
2.00%$29.57
2.25%$30.58
2.50%$31.61
2.75%$32.66
3.00%$33.73
3.25%$34.82
3.50%$35.92
3.75%$37.05
4.00%$38.19
4.25%$39.36
4.50%$40.53
4.75%$41.73
5.00%$42.95
5.25%$44.18
5.50%$45.42
5.75%$46.69
6.00%$47.96
6.25%$49.26
6.50%$50.57
6.75%$51.89
7.00%$53.22
7.25%$54.57
7.50%$55.94
7.75%$57.31
8.00%$58.70
8.25%$60.10
8.50%$61.51
8.75%$62.94
9.00%$64.37
9.25%$65.81
9.50%$67.27
9.75%$68.73
10.00%$70.21
10.25%$71.69
10.50%$73.18
10.75%$74.68
11.00%$76.19
11.25%$77.70
11.50%$79.22
11.75%$80.75
12.00%$82.29