$18,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $18k 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 18,000 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 $18,000 house.
2% interest
0% down$66.53/mo
5% down$63.20/mo
10% down$59.88/mo
15% down$56.55/mo
20% down$53.23/mo
25% down$49.90/mo
30% down$46.57/mo
35% down$43.25/mo
40% down$39.92/mo
45% down$36.59/mo
50% down$33.27/mo
4% interest
0% down$85.93/mo
5% down$81.64/mo
10% down$77.34/mo
15% down$73.04/mo
20% down$68.75/mo
25% down$64.45/mo
30% down$60.15/mo
35% down$55.86/mo
40% down$51.56/mo
45% down$47.26/mo
50% down$42.97/mo
6% interest
0% down$107.92/mo
5% down$102.52/mo
10% down$97.13/mo
15% down$91.73/mo
20% down$86.34/mo
25% down$80.94/mo
30% down$75.54/mo
35% down$70.15/mo
40% down$64.75/mo
45% down$59.36/mo
50% down$53.96/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 18,000 house with a 20% down payment?
($14,400 loan. 30 year mortgage)
0.25%$41.52
0.50%$43.08
0.75%$44.68
1.00%$46.32
1.25%$47.99
1.50%$49.70
1.75%$51.44
2.00%$53.23
2.25%$55.04
2.50%$56.90
2.75%$58.79
3.00%$60.71
3.25%$62.67
3.50%$64.66
3.75%$66.69
4.00%$68.75
4.25%$70.84
4.50%$72.96
4.75%$75.12
5.00%$77.30
5.25%$79.52
5.50%$81.76
5.75%$84.03
6.00%$86.34
6.25%$88.66
6.50%$91.02
6.75%$93.40
7.00%$95.80
7.25%$98.23
7.50%$100.69
7.75%$103.16
8.00%$105.66
8.25%$108.18
8.50%$110.72
8.75%$113.28
9.00%$115.87
9.25%$118.47
9.50%$121.08
9.75%$123.72
10.00%$126.37
10.25%$129.04
10.50%$131.72
10.75%$134.42
11.00%$137.13
11.25%$139.86
11.50%$142.60
11.75%$145.36
12.00%$148.12