$14,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $14k 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 14,000 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 $14,000 house.
2% interest
0% down$51.75/mo
5% down$49.16/mo
10% down$46.57/mo
15% down$43.98/mo
20% down$41.40/mo
25% down$38.81/mo
30% down$36.22/mo
35% down$33.64/mo
40% down$31.05/mo
45% down$28.46/mo
50% down$25.87/mo
4% interest
0% down$66.84/mo
5% down$63.50/mo
10% down$60.15/mo
15% down$56.81/mo
20% down$53.47/mo
25% down$50.13/mo
30% down$46.79/mo
35% down$43.44/mo
40% down$40.10/mo
45% down$36.76/mo
50% down$33.42/mo
6% interest
0% down$83.94/mo
5% down$79.74/mo
10% down$75.54/mo
15% down$71.35/mo
20% down$67.15/mo
25% down$62.95/mo
30% down$58.76/mo
35% down$54.56/mo
40% down$50.36/mo
45% down$46.17/mo
50% down$41.97/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 14,000 house with a 20% down payment?
($11,200 loan. 30 year mortgage)
0.25%$32.30
0.50%$33.51
0.75%$34.75
1.00%$36.02
1.25%$37.32
1.50%$38.65
1.75%$40.01
2.00%$41.40
2.25%$42.81
2.50%$44.25
2.75%$45.72
3.00%$47.22
3.25%$48.74
3.50%$50.29
3.75%$51.87
4.00%$53.47
4.25%$55.10
4.50%$56.75
4.75%$58.42
5.00%$60.12
5.25%$61.85
5.50%$63.59
5.75%$65.36
6.00%$67.15
6.25%$68.96
6.50%$70.79
6.75%$72.64
7.00%$74.51
7.25%$76.40
7.50%$78.31
7.75%$80.24
8.00%$82.18
8.25%$84.14
8.50%$86.12
8.75%$88.11
9.00%$90.12
9.25%$92.14
9.50%$94.18
9.75%$96.23
10.00%$98.29
10.25%$100.36
10.50%$102.45
10.75%$104.55
11.00%$106.66
11.25%$108.78
11.50%$110.91
11.75%$113.05
12.00%$115.20