$27,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $27k 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 27,000 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 $27,000 house.
2% interest
0% down$99.80/mo
5% down$94.81/mo
10% down$89.82/mo
15% down$84.83/mo
20% down$79.84/mo
25% down$74.85/mo
30% down$69.86/mo
35% down$64.87/mo
40% down$59.88/mo
45% down$54.89/mo
50% down$49.90/mo
4% interest
0% down$128.90/mo
5% down$122.46/mo
10% down$116.01/mo
15% down$109.57/mo
20% down$103.12/mo
25% down$96.68/mo
30% down$90.23/mo
35% down$83.79/mo
40% down$77.34/mo
45% down$70.90/mo
50% down$64.45/mo
6% interest
0% down$161.88/mo
5% down$153.78/mo
10% down$145.69/mo
15% down$137.60/mo
20% down$129.50/mo
25% down$121.41/mo
30% down$113.32/mo
35% down$105.22/mo
40% down$97.13/mo
45% down$89.03/mo
50% down$80.94/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 27,000 house with a 20% down payment?
($21,600 loan. 30 year mortgage)
0.25%$62.28
0.50%$64.62
0.75%$67.02
1.00%$69.47
1.25%$71.98
1.50%$74.55
1.75%$77.16
2.00%$79.84
2.25%$82.57
2.50%$85.35
2.75%$88.18
3.00%$91.07
3.25%$94.00
3.50%$96.99
3.75%$100.03
4.00%$103.12
4.25%$106.26
4.50%$109.44
4.75%$112.68
5.00%$115.95
5.25%$119.28
5.50%$122.64
5.75%$126.05
6.00%$129.50
6.25%$132.99
6.50%$136.53
6.75%$140.10
7.00%$143.71
7.25%$147.35
7.50%$151.03
7.75%$154.75
8.00%$158.49
8.25%$162.27
8.50%$166.09
8.75%$169.93
9.00%$173.80
9.25%$177.70
9.50%$181.62
9.75%$185.58
10.00%$189.56
10.25%$193.56
10.50%$197.58
10.75%$201.63
11.00%$205.70
11.25%$209.79
11.50%$213.90
11.75%$218.03
12.00%$222.18