$17,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $17k 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 17,000 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 $17,000 house.
2% interest
0% down$62.84/mo
5% down$59.69/mo
10% down$56.55/mo
15% down$53.41/mo
20% down$50.27/mo
25% down$47.13/mo
30% down$43.98/mo
35% down$40.84/mo
40% down$37.70/mo
45% down$34.56/mo
50% down$31.42/mo
4% interest
0% down$81.16/mo
5% down$77.10/mo
10% down$73.04/mo
15% down$68.99/mo
20% down$64.93/mo
25% down$60.87/mo
30% down$56.81/mo
35% down$52.75/mo
40% down$48.70/mo
45% down$44.64/mo
50% down$40.58/mo
6% interest
0% down$101.92/mo
5% down$96.83/mo
10% down$91.73/mo
15% down$86.64/mo
20% down$81.54/mo
25% down$76.44/mo
30% down$71.35/mo
35% down$66.25/mo
40% down$61.15/mo
45% down$56.06/mo
50% down$50.96/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 17,000 house with a 20% down payment?
($13,600 loan. 30 year mortgage)
0.25%$39.22
0.50%$40.69
0.75%$42.20
1.00%$43.74
1.25%$45.32
1.50%$46.94
1.75%$48.59
2.00%$50.27
2.25%$51.99
2.50%$53.74
2.75%$55.52
3.00%$57.34
3.25%$59.19
3.50%$61.07
3.75%$62.98
4.00%$64.93
4.25%$66.90
4.50%$68.91
4.75%$70.94
5.00%$73.01
5.25%$75.10
5.50%$77.22
5.75%$79.37
6.00%$81.54
6.25%$83.74
6.50%$85.96
6.75%$88.21
7.00%$90.48
7.25%$92.78
7.50%$95.09
7.75%$97.43
8.00%$99.79
8.25%$102.17
8.50%$104.57
8.75%$106.99
9.00%$109.43
9.25%$111.88
9.50%$114.36
9.75%$116.85
10.00%$119.35
10.25%$121.87
10.50%$124.40
10.75%$126.95
11.00%$129.52
11.25%$132.09
11.50%$134.68
11.75%$137.28
12.00%$139.89