$35,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $35k 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 35,000 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 $35,000 house.
2% interest
0% down$129.37/mo
5% down$122.90/mo
10% down$116.43/mo
15% down$109.96/mo
20% down$103.49/mo
25% down$97.03/mo
30% down$90.56/mo
35% down$84.09/mo
40% down$77.62/mo
45% down$71.15/mo
50% down$64.68/mo
4% interest
0% down$167.10/mo
5% down$158.74/mo
10% down$150.39/mo
15% down$142.03/mo
20% down$133.68/mo
25% down$125.32/mo
30% down$116.97/mo
35% down$108.61/mo
40% down$100.26/mo
45% down$91.90/mo
50% down$83.55/mo
6% interest
0% down$209.84/mo
5% down$199.35/mo
10% down$188.86/mo
15% down$178.37/mo
20% down$167.87/mo
25% down$157.38/mo
30% down$146.89/mo
35% down$136.40/mo
40% down$125.91/mo
45% down$115.41/mo
50% down$104.92/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 35,000 house with a 20% down payment?
($28,000 loan. 30 year mortgage)
0.25%$80.74
0.50%$83.77
0.75%$86.88
1.00%$90.06
1.25%$93.31
1.50%$96.63
1.75%$100.03
2.00%$103.49
2.25%$107.03
2.50%$110.63
2.75%$114.31
3.00%$118.05
3.25%$121.86
3.50%$125.73
3.75%$129.67
4.00%$133.68
4.25%$137.74
4.50%$141.87
4.75%$146.06
5.00%$150.31
5.25%$154.62
5.50%$158.98
5.75%$163.40
6.00%$167.87
6.25%$172.40
6.50%$176.98
6.75%$181.61
7.00%$186.28
7.25%$191.01
7.50%$195.78
7.75%$200.60
8.00%$205.45
8.25%$210.35
8.50%$215.30
8.75%$220.28
9.00%$225.29
9.25%$230.35
9.50%$235.44
9.75%$240.56
10.00%$245.72
10.25%$250.91
10.50%$256.13
10.75%$261.37
11.00%$266.65
11.25%$271.95
11.50%$277.28
11.75%$282.63
12.00%$288.01