$2,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $2k 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 2,000 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 $2,000 house.
2% interest
0% down$7.39/mo
5% down$7.02/mo
10% down$6.65/mo
15% down$6.28/mo
20% down$5.91/mo
25% down$5.54/mo
30% down$5.17/mo
35% down$4.81/mo
40% down$4.44/mo
45% down$4.07/mo
50% down$3.70/mo
4% interest
0% down$9.55/mo
5% down$9.07/mo
10% down$8.59/mo
15% down$8.12/mo
20% down$7.64/mo
25% down$7.16/mo
30% down$6.68/mo
35% down$6.21/mo
40% down$5.73/mo
45% down$5.25/mo
50% down$4.77/mo
6% interest
0% down$11.99/mo
5% down$11.39/mo
10% down$10.79/mo
15% down$10.19/mo
20% down$9.59/mo
25% down$8.99/mo
30% down$8.39/mo
35% down$7.79/mo
40% down$7.19/mo
45% down$6.60/mo
50% down$6.00/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 2,000 house with a 20% down payment?
($1,600 loan. 30 year mortgage)
0.25%$4.61
0.50%$4.79
0.75%$4.96
1.00%$5.15
1.25%$5.33
1.50%$5.52
1.75%$5.72
2.00%$5.91
2.25%$6.12
2.50%$6.32
2.75%$6.53
3.00%$6.75
3.25%$6.96
3.50%$7.18
3.75%$7.41
4.00%$7.64
4.25%$7.87
4.50%$8.11
4.75%$8.35
5.00%$8.59
5.25%$8.84
5.50%$9.08
5.75%$9.34
6.00%$9.59
6.25%$9.85
6.50%$10.11
6.75%$10.38
7.00%$10.64
7.25%$10.91
7.50%$11.19
7.75%$11.46
8.00%$11.74
8.25%$12.02
8.50%$12.30
8.75%$12.59
9.00%$12.87
9.25%$13.16
9.50%$13.45
9.75%$13.75
10.00%$14.04
10.25%$14.34
10.50%$14.64
10.75%$14.94
11.00%$15.24
11.25%$15.54
11.50%$15.84
11.75%$16.15
12.00%$16.46