$3,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $3k 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 3,000 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 $3,000 house.
2% interest
0% down$11.09/mo
5% down$10.53/mo
10% down$9.98/mo
15% down$9.43/mo
20% down$8.87/mo
25% down$8.32/mo
30% down$7.76/mo
35% down$7.21/mo
40% down$6.65/mo
45% down$6.10/mo
50% down$5.54/mo
4% interest
0% down$14.32/mo
5% down$13.61/mo
10% down$12.89/mo
15% down$12.17/mo
20% down$11.46/mo
25% down$10.74/mo
30% down$10.03/mo
35% down$9.31/mo
40% down$8.59/mo
45% down$7.88/mo
50% down$7.16/mo
6% interest
0% down$17.99/mo
5% down$17.09/mo
10% down$16.19/mo
15% down$15.29/mo
20% down$14.39/mo
25% down$13.49/mo
30% down$12.59/mo
35% down$11.69/mo
40% down$10.79/mo
45% down$9.89/mo
50% down$8.99/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 3,000 house with a 20% down payment?
($2,400 loan. 30 year mortgage)
0.25%$6.92
0.50%$7.18
0.75%$7.45
1.00%$7.72
1.25%$8.00
1.50%$8.28
1.75%$8.57
2.00%$8.87
2.25%$9.17
2.50%$9.48
2.75%$9.80
3.00%$10.12
3.25%$10.44
3.50%$10.78
3.75%$11.11
4.00%$11.46
4.25%$11.81
4.50%$12.16
4.75%$12.52
5.00%$12.88
5.25%$13.25
5.50%$13.63
5.75%$14.01
6.00%$14.39
6.25%$14.78
6.50%$15.17
6.75%$15.57
7.00%$15.97
7.25%$16.37
7.50%$16.78
7.75%$17.19
8.00%$17.61
8.25%$18.03
8.50%$18.45
8.75%$18.88
9.00%$19.31
9.25%$19.74
9.50%$20.18
9.75%$20.62
10.00%$21.06
10.25%$21.51
10.50%$21.95
10.75%$22.40
11.00%$22.86
11.25%$23.31
11.50%$23.77
11.75%$24.23
12.00%$24.69