$38,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $38k 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 38,000 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 $38,000 house.
2% interest
0% down$140.46/mo
5% down$133.43/mo
10% down$126.41/mo
15% down$119.39/mo
20% down$112.36/mo
25% down$105.34/mo
30% down$98.32/mo
35% down$91.30/mo
40% down$84.27/mo
45% down$77.25/mo
50% down$70.23/mo
4% interest
0% down$181.42/mo
5% down$172.35/mo
10% down$163.28/mo
15% down$154.21/mo
20% down$145.13/mo
25% down$136.06/mo
30% down$126.99/mo
35% down$117.92/mo
40% down$108.85/mo
45% down$99.78/mo
50% down$90.71/mo
6% interest
0% down$227.83/mo
5% down$216.44/mo
10% down$205.05/mo
15% down$193.65/mo
20% down$182.26/mo
25% down$170.87/mo
30% down$159.48/mo
35% down$148.09/mo
40% down$136.70/mo
45% down$125.31/mo
50% down$113.91/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 38,000 house with a 20% down payment?
($30,400 loan. 30 year mortgage)
0.25%$87.66
0.50%$90.95
0.75%$94.33
1.00%$97.78
1.25%$101.31
1.50%$104.92
1.75%$108.60
2.00%$112.36
2.25%$116.20
2.50%$120.12
2.75%$124.11
3.00%$128.17
3.25%$132.30
3.50%$136.51
3.75%$140.79
4.00%$145.13
4.25%$149.55
4.50%$154.03
4.75%$158.58
5.00%$163.19
5.25%$167.87
5.50%$172.61
5.75%$177.41
6.00%$182.26
6.25%$187.18
6.50%$192.15
6.75%$197.17
7.00%$202.25
7.25%$207.38
7.50%$212.56
7.75%$217.79
8.00%$223.06
8.25%$228.39
8.50%$233.75
8.75%$239.16
9.00%$244.61
9.25%$250.09
9.50%$255.62
9.75%$261.18
10.00%$266.78
10.25%$272.41
10.50%$278.08
10.75%$283.78
11.00%$289.51
11.25%$295.26
11.50%$301.05
11.75%$306.86
12.00%$312.70