$13,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $13k 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 13,000 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 $13,000 house.
2% interest
0% down$48.05/mo
5% down$45.65/mo
10% down$43.25/mo
15% down$40.84/mo
20% down$38.44/mo
25% down$36.04/mo
30% down$33.64/mo
35% down$31.23/mo
40% down$28.83/mo
45% down$26.43/mo
50% down$24.03/mo
4% interest
0% down$62.06/mo
5% down$58.96/mo
10% down$55.86/mo
15% down$52.75/mo
20% down$49.65/mo
25% down$46.55/mo
30% down$43.44/mo
35% down$40.34/mo
40% down$37.24/mo
45% down$34.14/mo
50% down$31.03/mo
6% interest
0% down$77.94/mo
5% down$74.04/mo
10% down$70.15/mo
15% down$66.25/mo
20% down$62.35/mo
25% down$58.46/mo
30% down$54.56/mo
35% down$50.66/mo
40% down$46.76/mo
45% down$42.87/mo
50% down$38.97/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 13,000 house with a 20% down payment?
($10,400 loan. 30 year mortgage)
0.25%$29.99
0.50%$31.12
0.75%$32.27
1.00%$33.45
1.25%$34.66
1.50%$35.89
1.75%$37.15
2.00%$38.44
2.25%$39.75
2.50%$41.09
2.75%$42.46
3.00%$43.85
3.25%$45.26
3.50%$46.70
3.75%$48.16
4.00%$49.65
4.25%$51.16
4.50%$52.70
4.75%$54.25
5.00%$55.83
5.25%$57.43
5.50%$59.05
5.75%$60.69
6.00%$62.35
6.25%$64.03
6.50%$65.74
6.75%$67.45
7.00%$69.19
7.25%$70.95
7.50%$72.72
7.75%$74.51
8.00%$76.31
8.25%$78.13
8.50%$79.97
8.75%$81.82
9.00%$83.68
9.25%$85.56
9.50%$87.45
9.75%$89.35
10.00%$91.27
10.25%$93.19
10.50%$95.13
10.75%$97.08
11.00%$99.04
11.25%$101.01
11.50%$102.99
11.75%$104.98
12.00%$106.98