$32,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $32k 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 32,000 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 $32,000 house.
2% interest
0% down$118.28/mo
5% down$112.36/mo
10% down$106.45/mo
15% down$100.54/mo
20% down$94.62/mo
25% down$88.71/mo
30% down$82.79/mo
35% down$76.88/mo
40% down$70.97/mo
45% down$65.05/mo
50% down$59.14/mo
4% interest
0% down$152.77/mo
5% down$145.13/mo
10% down$137.50/mo
15% down$129.86/mo
20% down$122.22/mo
25% down$114.58/mo
30% down$106.94/mo
35% down$99.30/mo
40% down$91.66/mo
45% down$84.03/mo
50% down$76.39/mo
6% interest
0% down$191.86/mo
5% down$182.26/mo
10% down$172.67/mo
15% down$163.08/mo
20% down$153.48/mo
25% down$143.89/mo
30% down$134.30/mo
35% down$124.71/mo
40% down$115.11/mo
45% down$105.52/mo
50% down$95.93/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 32,000 house with a 20% down payment?
($25,600 loan. 30 year mortgage)
0.25%$73.82
0.50%$76.59
0.75%$79.43
1.00%$82.34
1.25%$85.31
1.50%$88.35
1.75%$91.45
2.00%$94.62
2.25%$97.86
2.50%$101.15
2.75%$104.51
3.00%$107.93
3.25%$111.41
3.50%$114.96
3.75%$118.56
4.00%$122.22
4.25%$125.94
4.50%$129.71
4.75%$133.54
5.00%$137.43
5.25%$141.36
5.50%$145.35
5.75%$149.39
6.00%$153.48
6.25%$157.62
6.50%$161.81
6.75%$166.04
7.00%$170.32
7.25%$174.64
7.50%$179.00
7.75%$183.40
8.00%$187.84
8.25%$192.32
8.50%$196.84
8.75%$201.40
9.00%$205.98
9.25%$210.60
9.50%$215.26
9.75%$219.94
10.00%$224.66
10.25%$229.40
10.50%$234.17
10.75%$238.97
11.00%$243.79
11.25%$248.64
11.50%$253.51
11.75%$258.41
12.00%$263.32