$22,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $22k 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 22,000 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 $22,000 house.
2% interest
0% down$81.32/mo
5% down$77.25/mo
10% down$73.18/mo
15% down$69.12/mo
20% down$65.05/mo
25% down$60.99/mo
30% down$56.92/mo
35% down$52.86/mo
40% down$48.79/mo
45% down$44.72/mo
50% down$40.66/mo
4% interest
0% down$105.03/mo
5% down$99.78/mo
10% down$94.53/mo
15% down$89.28/mo
20% down$84.03/mo
25% down$78.77/mo
30% down$73.52/mo
35% down$68.27/mo
40% down$63.02/mo
45% down$57.77/mo
50% down$52.52/mo
6% interest
0% down$131.90/mo
5% down$125.31/mo
10% down$118.71/mo
15% down$112.12/mo
20% down$105.52/mo
25% down$98.93/mo
30% down$92.33/mo
35% down$85.74/mo
40% down$79.14/mo
45% down$72.55/mo
50% down$65.95/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 22,000 house with a 20% down payment?
($17,600 loan. 30 year mortgage)
0.25%$50.75
0.50%$52.66
0.75%$54.61
1.00%$56.61
1.25%$58.65
1.50%$60.74
1.75%$62.87
2.00%$65.05
2.25%$67.28
2.50%$69.54
2.75%$71.85
3.00%$74.20
3.25%$76.60
3.50%$79.03
3.75%$81.51
4.00%$84.03
4.25%$86.58
4.50%$89.18
4.75%$91.81
5.00%$94.48
5.25%$97.19
5.50%$99.93
5.75%$102.71
6.00%$105.52
6.25%$108.37
6.50%$111.24
6.75%$114.15
7.00%$117.09
7.25%$120.06
7.50%$123.06
7.75%$126.09
8.00%$129.14
8.25%$132.22
8.50%$135.33
8.75%$138.46
9.00%$141.61
9.25%$144.79
9.50%$147.99
9.75%$151.21
10.00%$154.45
10.25%$157.71
10.50%$160.99
10.75%$164.29
11.00%$167.61
11.25%$170.94
11.50%$174.29
11.75%$177.66
12.00%$181.04