$26,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $26k 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 26,000 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 $26,000 house.
2% interest
0% down$96.10/mo
5% down$91.30/mo
10% down$86.49/mo
15% down$81.69/mo
20% down$76.88/mo
25% down$72.08/mo
30% down$67.27/mo
35% down$62.47/mo
40% down$57.66/mo
45% down$52.86/mo
50% down$48.05/mo
4% interest
0% down$124.13/mo
5% down$117.92/mo
10% down$111.72/mo
15% down$105.51/mo
20% down$99.30/mo
25% down$93.10/mo
30% down$86.89/mo
35% down$80.68/mo
40% down$74.48/mo
45% down$68.27/mo
50% down$62.06/mo
6% interest
0% down$155.88/mo
5% down$148.09/mo
10% down$140.29/mo
15% down$132.50/mo
20% down$124.71/mo
25% down$116.91/mo
30% down$109.12/mo
35% down$101.32/mo
40% down$93.53/mo
45% down$85.74/mo
50% down$77.94/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 26,000 house with a 20% down payment?
($20,800 loan. 30 year mortgage)
0.25%$59.98
0.50%$62.23
0.75%$64.54
1.00%$66.90
1.25%$69.32
1.50%$71.79
1.75%$74.31
2.00%$76.88
2.25%$79.51
2.50%$82.19
2.75%$84.91
3.00%$87.69
3.25%$90.52
3.50%$93.40
3.75%$96.33
4.00%$99.30
4.25%$102.32
4.50%$105.39
4.75%$108.50
5.00%$111.66
5.25%$114.86
5.50%$118.10
5.75%$121.38
6.00%$124.71
6.25%$128.07
6.50%$131.47
6.75%$134.91
7.00%$138.38
7.25%$141.89
7.50%$145.44
7.75%$149.01
8.00%$152.62
8.25%$156.26
8.50%$159.93
8.75%$163.63
9.00%$167.36
9.25%$171.12
9.50%$174.90
9.75%$178.70
10.00%$182.53
10.25%$186.39
10.50%$190.27
10.75%$194.16
11.00%$198.08
11.25%$202.02
11.50%$205.98
11.75%$209.96
12.00%$213.95