$29,000 Mortgage Loan Payments and Costs

$
$
%
years
%

Loan Summary


Use the mortgage calculator to calculate the cost of buying a $29k 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 29,000 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 $29,000 house.
2% interest
0% down$107.19/mo
5% down$101.83/mo
10% down$96.47/mo
15% down$91.11/mo
20% down$85.75/mo
25% down$80.39/mo
30% down$75.03/mo
35% down$69.67/mo
40% down$64.31/mo
45% down$58.95/mo
50% down$53.59/mo
4% interest
0% down$138.45/mo
5% down$131.53/mo
10% down$124.61/mo
15% down$117.68/mo
20% down$110.76/mo
25% down$103.84/mo
30% down$96.92/mo
35% down$89.99/mo
40% down$83.07/mo
45% down$76.15/mo
50% down$69.23/mo
6% interest
0% down$173.87/mo
5% down$165.18/mo
10% down$156.48/mo
15% down$147.79/mo
20% down$139.10/mo
25% down$130.40/mo
30% down$121.71/mo
35% down$113.02/mo
40% down$104.32/mo
45% down$95.63/mo
50% down$86.93/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 29,000 house with a 20% down payment?
($23,200 loan. 30 year mortgage)
0.25%$66.90
0.50%$69.41
0.75%$71.99
1.00%$74.62
1.25%$77.31
1.50%$80.07
1.75%$82.88
2.00%$85.75
2.25%$88.68
2.50%$91.67
2.75%$94.71
3.00%$97.81
3.25%$100.97
3.50%$104.18
3.75%$107.44
4.00%$110.76
4.25%$114.13
4.50%$117.55
4.75%$121.02
5.00%$124.54
5.25%$128.11
5.50%$131.73
5.75%$135.39
6.00%$139.10
6.25%$142.85
6.50%$146.64
6.75%$150.47
7.00%$154.35
7.25%$158.26
7.50%$162.22
7.75%$166.21
8.00%$170.23
8.25%$174.29
8.50%$178.39
8.75%$182.51
9.00%$186.67
9.25%$190.86
9.50%$195.08
9.75%$199.32
10.00%$203.60
10.25%$207.90
10.50%$212.22
10.75%$216.57
11.00%$220.94
11.25%$225.33
11.50%$229.75
11.75%$234.18
12.00%$238.64