$21,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $21k 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 21,000 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 $21,000 house.
2% interest
0% down$77.62/mo
5% down$73.74/mo
10% down$69.86/mo
15% down$65.98/mo
20% down$62.10/mo
25% down$58.22/mo
30% down$54.33/mo
35% down$50.45/mo
40% down$46.57/mo
45% down$42.69/mo
50% down$38.81/mo
4% interest
0% down$100.26/mo
5% down$95.24/mo
10% down$90.23/mo
15% down$85.22/mo
20% down$80.21/mo
25% down$75.19/mo
30% down$70.18/mo
35% down$65.17/mo
40% down$60.15/mo
45% down$55.14/mo
50% down$50.13/mo
6% interest
0% down$125.91/mo
5% down$119.61/mo
10% down$113.32/mo
15% down$107.02/mo
20% down$100.72/mo
25% down$94.43/mo
30% down$88.13/mo
35% down$81.84/mo
40% down$75.54/mo
45% down$69.25/mo
50% down$62.95/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 21,000 house with a 20% down payment?
($16,800 loan. 30 year mortgage)
0.25%$48.44
0.50%$50.26
0.75%$52.13
1.00%$54.04
1.25%$55.99
1.50%$57.98
1.75%$60.02
2.00%$62.10
2.25%$64.22
2.50%$66.38
2.75%$68.58
3.00%$70.83
3.25%$73.11
3.50%$75.44
3.75%$77.80
4.00%$80.21
4.25%$82.65
4.50%$85.12
4.75%$87.64
5.00%$90.19
5.25%$92.77
5.50%$95.39
5.75%$98.04
6.00%$100.72
6.25%$103.44
6.50%$106.19
6.75%$108.96
7.00%$111.77
7.25%$114.61
7.50%$117.47
7.75%$120.36
8.00%$123.27
8.25%$126.21
8.50%$129.18
8.75%$132.17
9.00%$135.18
9.25%$138.21
9.50%$141.26
9.75%$144.34
10.00%$147.43
10.25%$150.55
10.50%$153.68
10.75%$156.82
11.00%$159.99
11.25%$163.17
11.50%$166.37
11.75%$169.58
12.00%$172.81