$42,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $42k 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 42,000 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 $42,000 house.
2% interest
0% down$155.24/mo
5% down$147.48/mo
10% down$139.72/mo
15% down$131.95/mo
20% down$124.19/mo
25% down$116.43/mo
30% down$108.67/mo
35% down$100.91/mo
40% down$93.14/mo
45% down$85.38/mo
50% down$77.62/mo
4% interest
0% down$200.51/mo
5% down$190.49/mo
10% down$180.46/mo
15% down$170.44/mo
20% down$160.41/mo
25% down$150.39/mo
30% down$140.36/mo
35% down$130.33/mo
40% down$120.31/mo
45% down$110.28/mo
50% down$100.26/mo
6% interest
0% down$251.81/mo
5% down$239.22/mo
10% down$226.63/mo
15% down$214.04/mo
20% down$201.45/mo
25% down$188.86/mo
30% down$176.27/mo
35% down$163.68/mo
40% down$151.09/mo
45% down$138.50/mo
50% down$125.91/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 42,000 house with a 20% down payment?
($33,600 loan. 30 year mortgage)
0.25%$96.89
0.50%$100.53
0.75%$104.26
1.00%$108.07
1.25%$111.97
1.50%$115.96
1.75%$120.03
2.00%$124.19
2.25%$128.43
2.50%$132.76
2.75%$137.17
3.00%$141.66
3.25%$146.23
3.50%$150.88
3.75%$155.61
4.00%$160.41
4.25%$165.29
4.50%$170.25
4.75%$175.27
5.00%$180.37
5.25%$185.54
5.50%$190.78
5.75%$196.08
6.00%$201.45
6.25%$206.88
6.50%$212.37
6.75%$217.93
7.00%$223.54
7.25%$229.21
7.50%$234.94
7.75%$240.71
8.00%$246.54
8.25%$252.43
8.50%$258.35
8.75%$264.33
9.00%$270.35
9.25%$276.42
9.50%$282.53
9.75%$288.68
10.00%$294.86
10.25%$301.09
10.50%$307.35
10.75%$313.65
11.00%$319.98
11.25%$326.34
11.50%$332.74
11.75%$339.16
12.00%$345.61