$39,000 Mortgage Loan Payments and Costs

$
$
%
years
%

Loan Summary


Use the mortgage calculator to calculate the cost of buying a $39k 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 39,000 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 $39,000 house.
2% interest
0% down$144.15/mo
5% down$136.94/mo
10% down$129.74/mo
15% down$122.53/mo
20% down$115.32/mo
25% down$108.11/mo
30% down$100.91/mo
35% down$93.70/mo
40% down$86.49/mo
45% down$79.28/mo
50% down$72.08/mo
4% interest
0% down$186.19/mo
5% down$176.88/mo
10% down$167.57/mo
15% down$158.26/mo
20% down$148.95/mo
25% down$139.64/mo
30% down$130.33/mo
35% down$121.02/mo
40% down$111.72/mo
45% down$102.41/mo
50% down$93.10/mo
6% interest
0% down$233.82/mo
5% down$222.13/mo
10% down$210.44/mo
15% down$198.75/mo
20% down$187.06/mo
25% down$175.37/mo
30% down$163.68/mo
35% down$151.99/mo
40% down$140.29/mo
45% down$128.60/mo
50% down$116.91/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 39,000 house with a 20% down payment?
($31,200 loan. 30 year mortgage)
0.25%$89.97
0.50%$93.35
0.75%$96.81
1.00%$100.35
1.25%$103.97
1.50%$107.68
1.75%$111.46
2.00%$115.32
2.25%$119.26
2.50%$123.28
2.75%$127.37
3.00%$131.54
3.25%$135.78
3.50%$140.10
3.75%$144.49
4.00%$148.95
4.25%$153.49
4.50%$158.09
4.75%$162.75
5.00%$167.49
5.25%$172.29
5.50%$177.15
5.75%$182.07
6.00%$187.06
6.25%$192.10
6.50%$197.21
6.75%$202.36
7.00%$207.57
7.25%$212.84
7.50%$218.15
7.75%$223.52
8.00%$228.93
8.25%$234.40
8.50%$239.90
8.75%$245.45
9.00%$251.04
9.25%$256.67
9.50%$262.35
9.75%$268.06
10.00%$273.80
10.25%$279.58
10.50%$285.40
10.75%$291.25
11.00%$297.12
11.25%$303.03
11.50%$308.97
11.75%$314.94
12.00%$320.93