$47,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $47k 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 47,000 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 $47,000 house.
2% interest
0% down$173.72/mo
5% down$165.04/mo
10% down$156.35/mo
15% down$147.66/mo
20% down$138.98/mo
25% down$130.29/mo
30% down$121.60/mo
35% down$112.92/mo
40% down$104.23/mo
45% down$95.55/mo
50% down$86.86/mo
4% interest
0% down$224.39/mo
5% down$213.17/mo
10% down$201.95/mo
15% down$190.73/mo
20% down$179.51/mo
25% down$168.29/mo
30% down$157.07/mo
35% down$145.85/mo
40% down$134.63/mo
45% down$123.41/mo
50% down$112.19/mo
6% interest
0% down$281.79/mo
5% down$267.70/mo
10% down$253.61/mo
15% down$239.52/mo
20% down$225.43/mo
25% down$211.34/mo
30% down$197.25/mo
35% down$183.16/mo
40% down$169.07/mo
45% down$154.98/mo
50% down$140.89/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 47,000 house with a 20% down payment?
($37,600 loan. 30 year mortgage)
0.25%$108.42
0.50%$112.50
0.75%$116.67
1.00%$120.94
1.25%$125.30
1.50%$129.77
1.75%$134.32
2.00%$138.98
2.25%$143.72
2.50%$148.57
2.75%$153.50
3.00%$158.52
3.25%$163.64
3.50%$168.84
3.75%$174.13
4.00%$179.51
4.25%$184.97
4.50%$190.51
4.75%$196.14
5.00%$201.84
5.25%$207.63
5.50%$213.49
5.75%$219.42
6.00%$225.43
6.25%$231.51
6.50%$237.66
6.75%$243.87
7.00%$250.15
7.25%$256.50
7.50%$262.90
7.75%$269.37
8.00%$275.90
8.25%$282.48
8.50%$289.11
8.75%$295.80
9.00%$302.54
9.25%$309.33
9.50%$316.16
9.75%$323.04
10.00%$329.97
10.25%$336.93
10.50%$343.94
10.75%$350.99
11.00%$358.07
11.25%$365.19
11.50%$372.35
11.75%$379.54
12.00%$386.76