$15,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $15k 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 15,000 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 $15,000 house.
2% interest
0% down$55.44/mo
5% down$52.67/mo
10% down$49.90/mo
15% down$47.13/mo
20% down$44.35/mo
25% down$41.58/mo
30% down$38.81/mo
35% down$36.04/mo
40% down$33.27/mo
45% down$30.49/mo
50% down$27.72/mo
4% interest
0% down$71.61/mo
5% down$68.03/mo
10% down$64.45/mo
15% down$60.87/mo
20% down$57.29/mo
25% down$53.71/mo
30% down$50.13/mo
35% down$46.55/mo
40% down$42.97/mo
45% down$39.39/mo
50% down$35.81/mo
6% interest
0% down$89.93/mo
5% down$85.44/mo
10% down$80.94/mo
15% down$76.44/mo
20% down$71.95/mo
25% down$67.45/mo
30% down$62.95/mo
35% down$58.46/mo
40% down$53.96/mo
45% down$49.46/mo
50% down$44.97/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 15,000 house with a 20% down payment?
($12,000 loan. 30 year mortgage)
0.25%$34.60
0.50%$35.90
0.75%$37.23
1.00%$38.60
1.25%$39.99
1.50%$41.41
1.75%$42.87
2.00%$44.35
2.25%$45.87
2.50%$47.41
2.75%$48.99
3.00%$50.59
3.25%$52.22
3.50%$53.89
3.75%$55.57
4.00%$57.29
4.25%$59.03
4.50%$60.80
4.75%$62.60
5.00%$64.42
5.25%$66.26
5.50%$68.13
5.75%$70.03
6.00%$71.95
6.25%$73.89
6.50%$75.85
6.75%$77.83
7.00%$79.84
7.25%$81.86
7.50%$83.91
7.75%$85.97
8.00%$88.05
8.25%$90.15
8.50%$92.27
8.75%$94.40
9.00%$96.55
9.25%$98.72
9.50%$100.90
9.75%$103.10
10.00%$105.31
10.25%$107.53
10.50%$109.77
10.75%$112.02
11.00%$114.28
11.25%$116.55
11.50%$118.83
11.75%$121.13
12.00%$123.43