$11,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $11k 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 11,000 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 $11,000 house.
2% interest
0% down$40.66/mo
5% down$38.63/mo
10% down$36.59/mo
15% down$34.56/mo
20% down$32.53/mo
25% down$30.49/mo
30% down$28.46/mo
35% down$26.43/mo
40% down$24.39/mo
45% down$22.36/mo
50% down$20.33/mo
4% interest
0% down$52.52/mo
5% down$49.89/mo
10% down$47.26/mo
15% down$44.64/mo
20% down$42.01/mo
25% down$39.39/mo
30% down$36.76/mo
35% down$34.14/mo
40% down$31.51/mo
45% down$28.88/mo
50% down$26.26/mo
6% interest
0% down$65.95/mo
5% down$62.65/mo
10% down$59.36/mo
15% down$56.06/mo
20% down$52.76/mo
25% down$49.46/mo
30% down$46.17/mo
35% down$42.87/mo
40% down$39.57/mo
45% down$36.27/mo
50% down$32.98/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 11,000 house with a 20% down payment?
($8,800 loan. 30 year mortgage)
0.25%$25.38
0.50%$26.33
0.75%$27.31
1.00%$28.30
1.25%$29.33
1.50%$30.37
1.75%$31.44
2.00%$32.53
2.25%$33.64
2.50%$34.77
2.75%$35.93
3.00%$37.10
3.25%$38.30
3.50%$39.52
3.75%$40.75
4.00%$42.01
4.25%$43.29
4.50%$44.59
4.75%$45.90
5.00%$47.24
5.25%$48.59
5.50%$49.97
5.75%$51.35
6.00%$52.76
6.25%$54.18
6.50%$55.62
6.75%$57.08
7.00%$58.55
7.25%$60.03
7.50%$61.53
7.75%$63.04
8.00%$64.57
8.25%$66.11
8.50%$67.66
8.75%$69.23
9.00%$70.81
9.25%$72.40
9.50%$74.00
9.75%$75.61
10.00%$77.23
10.25%$78.86
10.50%$80.50
10.75%$82.15
11.00%$83.80
11.25%$85.47
11.50%$87.15
11.75%$88.83
12.00%$90.52