$49,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $49k 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 49,000 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 $49,000 house.
2% interest
0% down$181.11/mo
5% down$172.06/mo
10% down$163.00/mo
15% down$153.95/mo
20% down$144.89/mo
25% down$135.84/mo
30% down$126.78/mo
35% down$117.72/mo
40% down$108.67/mo
45% down$99.61/mo
50% down$90.56/mo
4% interest
0% down$233.93/mo
5% down$222.24/mo
10% down$210.54/mo
15% down$198.84/mo
20% down$187.15/mo
25% down$175.45/mo
30% down$163.75/mo
35% down$152.06/mo
40% down$140.36/mo
45% down$128.66/mo
50% down$116.97/mo
6% interest
0% down$293.78/mo
5% down$279.09/mo
10% down$264.40/mo
15% down$249.71/mo
20% down$235.02/mo
25% down$220.33/mo
30% down$205.65/mo
35% down$190.96/mo
40% down$176.27/mo
45% down$161.58/mo
50% down$146.89/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 49,000 house with a 20% down payment?
($39,200 loan. 30 year mortgage)
0.25%$113.03
0.50%$117.28
0.75%$121.63
1.00%$126.08
1.25%$130.63
1.50%$135.29
1.75%$140.04
2.00%$144.89
2.25%$149.84
2.50%$154.89
2.75%$160.03
3.00%$165.27
3.25%$170.60
3.50%$176.03
3.75%$181.54
4.00%$187.15
4.25%$192.84
4.50%$198.62
4.75%$204.49
5.00%$210.43
5.25%$216.46
5.50%$222.57
5.75%$228.76
6.00%$235.02
6.25%$241.36
6.50%$247.77
6.75%$254.25
7.00%$260.80
7.25%$267.41
7.50%$274.09
7.75%$280.83
8.00%$287.64
8.25%$294.50
8.50%$301.41
8.75%$308.39
9.00%$315.41
9.25%$322.49
9.50%$329.61
9.75%$336.79
10.00%$344.01
10.25%$351.27
10.50%$358.58
10.75%$365.92
11.00%$373.31
11.25%$380.73
11.50%$388.19
11.75%$395.69
12.00%$403.22