$37,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $37k 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 37,000 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 $37,000 house.
2% interest
0% down$136.76/mo
5% down$129.92/mo
10% down$123.08/mo
15% down$116.25/mo
20% down$109.41/mo
25% down$102.57/mo
30% down$95.73/mo
35% down$88.89/mo
40% down$82.06/mo
45% down$75.22/mo
50% down$68.38/mo
4% interest
0% down$176.64/mo
5% down$167.81/mo
10% down$158.98/mo
15% down$150.15/mo
20% down$141.31/mo
25% down$132.48/mo
30% down$123.65/mo
35% down$114.82/mo
40% down$105.99/mo
45% down$97.15/mo
50% down$88.32/mo
6% interest
0% down$221.83/mo
5% down$210.74/mo
10% down$199.65/mo
15% down$188.56/mo
20% down$177.47/mo
25% down$166.38/mo
30% down$155.28/mo
35% down$144.19/mo
40% down$133.10/mo
45% down$122.01/mo
50% down$110.92/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 37,000 house with a 20% down payment?
($29,600 loan. 30 year mortgage)
0.25%$85.35
0.50%$88.56
0.75%$91.84
1.00%$95.21
1.25%$98.64
1.50%$102.16
1.75%$105.74
2.00%$109.41
2.25%$113.14
2.50%$116.96
2.75%$120.84
3.00%$124.79
3.25%$128.82
3.50%$132.92
3.75%$137.08
4.00%$141.31
4.25%$145.61
4.50%$149.98
4.75%$154.41
5.00%$158.90
5.25%$163.45
5.50%$168.07
5.75%$172.74
6.00%$177.47
6.25%$182.25
6.50%$187.09
6.75%$191.99
7.00%$196.93
7.25%$201.92
7.50%$206.97
7.75%$212.06
8.00%$217.19
8.25%$222.37
8.50%$227.60
8.75%$232.86
9.00%$238.17
9.25%$243.51
9.50%$248.89
9.75%$254.31
10.00%$259.76
10.25%$265.25
10.50%$270.76
10.75%$276.31
11.00%$281.89
11.25%$287.49
11.50%$293.13
11.75%$298.79
12.00%$304.47