$30,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $30k 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 30,000 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 $30,000 house.
2% interest
0% down$110.89/mo
5% down$105.34/mo
10% down$99.80/mo
15% down$94.25/mo
20% down$88.71/mo
25% down$83.16/mo
30% down$77.62/mo
35% down$72.08/mo
40% down$66.53/mo
45% down$60.99/mo
50% down$55.44/mo
4% interest
0% down$143.22/mo
5% down$136.06/mo
10% down$128.90/mo
15% down$121.74/mo
20% down$114.58/mo
25% down$107.42/mo
30% down$100.26/mo
35% down$93.10/mo
40% down$85.93/mo
45% down$78.77/mo
50% down$71.61/mo
6% interest
0% down$179.87/mo
5% down$170.87/mo
10% down$161.88/mo
15% down$152.89/mo
20% down$143.89/mo
25% down$134.90/mo
30% down$125.91/mo
35% down$116.91/mo
40% down$107.92/mo
45% down$98.93/mo
50% down$89.93/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 30,000 house with a 20% down payment?
($24,000 loan. 30 year mortgage)
0.25%$69.20
0.50%$71.81
0.75%$74.47
1.00%$77.19
1.25%$79.98
1.50%$82.83
1.75%$85.74
2.00%$88.71
2.25%$91.74
2.50%$94.83
2.75%$97.98
3.00%$101.18
3.25%$104.45
3.50%$107.77
3.75%$111.15
4.00%$114.58
4.25%$118.07
4.50%$121.60
4.75%$125.20
5.00%$128.84
5.25%$132.53
5.50%$136.27
5.75%$140.06
6.00%$143.89
6.25%$147.77
6.50%$151.70
6.75%$155.66
7.00%$159.67
7.25%$163.72
7.50%$167.81
7.75%$171.94
8.00%$176.10
8.25%$180.30
8.50%$184.54
8.75%$188.81
9.00%$193.11
9.25%$197.44
9.50%$201.81
9.75%$206.20
10.00%$210.62
10.25%$215.06
10.50%$219.54
10.75%$224.04
11.00%$228.56
11.25%$233.10
11.50%$237.67
11.75%$242.26
12.00%$246.87