$4,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $4k 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 4,000 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 $4,000 house.
2% interest
0% down$14.78/mo
5% down$14.05/mo
10% down$13.31/mo
15% down$12.57/mo
20% down$11.83/mo
25% down$11.09/mo
30% down$10.35/mo
35% down$9.61/mo
40% down$8.87/mo
45% down$8.13/mo
50% down$7.39/mo
4% interest
0% down$19.10/mo
5% down$18.14/mo
10% down$17.19/mo
15% down$16.23/mo
20% down$15.28/mo
25% down$14.32/mo
30% down$13.37/mo
35% down$12.41/mo
40% down$11.46/mo
45% down$10.50/mo
50% down$9.55/mo
6% interest
0% down$23.98/mo
5% down$22.78/mo
10% down$21.58/mo
15% down$20.38/mo
20% down$19.19/mo
25% down$17.99/mo
30% down$16.79/mo
35% down$15.59/mo
40% down$14.39/mo
45% down$13.19/mo
50% down$11.99/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 4,000 house with a 20% down payment?
($3,200 loan. 30 year mortgage)
0.25%$9.23
0.50%$9.57
0.75%$9.93
1.00%$10.29
1.25%$10.66
1.50%$11.04
1.75%$11.43
2.00%$11.83
2.25%$12.23
2.50%$12.64
2.75%$13.06
3.00%$13.49
3.25%$13.93
3.50%$14.37
3.75%$14.82
4.00%$15.28
4.25%$15.74
4.50%$16.21
4.75%$16.69
5.00%$17.18
5.25%$17.67
5.50%$18.17
5.75%$18.67
6.00%$19.19
6.25%$19.70
6.50%$20.23
6.75%$20.76
7.00%$21.29
7.25%$21.83
7.50%$22.37
7.75%$22.93
8.00%$23.48
8.25%$24.04
8.50%$24.61
8.75%$25.17
9.00%$25.75
9.25%$26.33
9.50%$26.91
9.75%$27.49
10.00%$28.08
10.25%$28.68
10.50%$29.27
10.75%$29.87
11.00%$30.47
11.25%$31.08
11.50%$31.69
11.75%$32.30
12.00%$32.92