$24,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $24k 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 24,000 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 $24,000 house.
2% interest
0% down$88.71/mo
5% down$84.27/mo
10% down$79.84/mo
15% down$75.40/mo
20% down$70.97/mo
25% down$66.53/mo
30% down$62.10/mo
35% down$57.66/mo
40% down$53.23/mo
45% down$48.79/mo
50% down$44.35/mo
4% interest
0% down$114.58/mo
5% down$108.85/mo
10% down$103.12/mo
15% down$97.39/mo
20% down$91.66/mo
25% down$85.93/mo
30% down$80.21/mo
35% down$74.48/mo
40% down$68.75/mo
45% down$63.02/mo
50% down$57.29/mo
6% interest
0% down$143.89/mo
5% down$136.70/mo
10% down$129.50/mo
15% down$122.31/mo
20% down$115.11/mo
25% down$107.92/mo
30% down$100.72/mo
35% down$93.53/mo
40% down$86.34/mo
45% down$79.14/mo
50% down$71.95/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 24,000 house with a 20% down payment?
($19,200 loan. 30 year mortgage)
0.25%$55.36
0.50%$57.44
0.75%$59.57
1.00%$61.75
1.25%$63.98
1.50%$66.26
1.75%$68.59
2.00%$70.97
2.25%$73.39
2.50%$75.86
2.75%$78.38
3.00%$80.95
3.25%$83.56
3.50%$86.22
3.75%$88.92
4.00%$91.66
4.25%$94.45
4.50%$97.28
4.75%$100.16
5.00%$103.07
5.25%$106.02
5.50%$109.02
5.75%$112.05
6.00%$115.11
6.25%$118.22
6.50%$121.36
6.75%$124.53
7.00%$127.74
7.25%$130.98
7.50%$134.25
7.75%$137.55
8.00%$140.88
8.25%$144.24
8.50%$147.63
8.75%$151.05
9.00%$154.49
9.25%$157.95
9.50%$161.44
9.75%$164.96
10.00%$168.49
10.25%$172.05
10.50%$175.63
10.75%$179.23
11.00%$182.85
11.25%$186.48
11.50%$190.14
11.75%$193.81
12.00%$197.49