$45,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $45k 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 45,000 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 $45,000 house.
2% interest
0% down$166.33/mo
5% down$158.01/mo
10% down$149.70/mo
15% down$141.38/mo
20% down$133.06/mo
25% down$124.75/mo
30% down$116.43/mo
35% down$108.11/mo
40% down$99.80/mo
45% down$91.48/mo
50% down$83.16/mo
4% interest
0% down$214.84/mo
5% down$204.10/mo
10% down$193.35/mo
15% down$182.61/mo
20% down$171.87/mo
25% down$161.13/mo
30% down$150.39/mo
35% down$139.64/mo
40% down$128.90/mo
45% down$118.16/mo
50% down$107.42/mo
6% interest
0% down$269.80/mo
5% down$256.31/mo
10% down$242.82/mo
15% down$229.33/mo
20% down$215.84/mo
25% down$202.35/mo
30% down$188.86/mo
35% down$175.37/mo
40% down$161.88/mo
45% down$148.39/mo
50% down$134.90/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 45,000 house with a 20% down payment?
($36,000 loan. 30 year mortgage)
0.25%$103.81
0.50%$107.71
0.75%$111.70
1.00%$115.79
1.25%$119.97
1.50%$124.24
1.75%$128.61
2.00%$133.06
2.25%$137.61
2.50%$142.24
2.75%$146.97
3.00%$151.78
3.25%$156.67
3.50%$161.66
3.75%$166.72
4.00%$171.87
4.25%$177.10
4.50%$182.41
4.75%$187.79
5.00%$193.26
5.25%$198.79
5.50%$204.40
5.75%$210.09
6.00%$215.84
6.25%$221.66
6.50%$227.54
6.75%$233.50
7.00%$239.51
7.25%$245.58
7.50%$251.72
7.75%$257.91
8.00%$264.16
8.25%$270.46
8.50%$276.81
8.75%$283.21
9.00%$289.66
9.25%$296.16
9.50%$302.71
9.75%$309.30
10.00%$315.93
10.25%$322.60
10.50%$329.31
10.75%$336.05
11.00%$342.84
11.25%$349.65
11.50%$356.50
11.75%$363.39
12.00%$370.30