$50,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $50k 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 50,000 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 $50,000 house.
2% interest
0% down$184.81/mo
5% down$175.57/mo
10% down$166.33/mo
15% down$157.09/mo
20% down$147.85/mo
25% down$138.61/mo
30% down$129.37/mo
35% down$120.13/mo
40% down$110.89/mo
45% down$101.65/mo
50% down$92.40/mo
4% interest
0% down$238.71/mo
5% down$226.77/mo
10% down$214.84/mo
15% down$202.90/mo
20% down$190.97/mo
25% down$179.03/mo
30% down$167.10/mo
35% down$155.16/mo
40% down$143.22/mo
45% down$131.29/mo
50% down$119.35/mo
6% interest
0% down$299.78/mo
5% down$284.79/mo
10% down$269.80/mo
15% down$254.81/mo
20% down$239.82/mo
25% down$224.83/mo
30% down$209.84/mo
35% down$194.85/mo
40% down$179.87/mo
45% down$164.88/mo
50% down$149.89/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 50,000 house with a 20% down payment?
($40,000 loan. 30 year mortgage)
0.25%$115.34
0.50%$119.68
0.75%$124.11
1.00%$128.66
1.25%$133.30
1.50%$138.05
1.75%$142.90
2.00%$147.85
2.25%$152.90
2.50%$158.05
2.75%$163.30
3.00%$168.64
3.25%$174.08
3.50%$179.62
3.75%$185.25
4.00%$190.97
4.25%$196.78
4.50%$202.67
4.75%$208.66
5.00%$214.73
5.25%$220.88
5.50%$227.12
5.75%$233.43
6.00%$239.82
6.25%$246.29
6.50%$252.83
6.75%$259.44
7.00%$266.12
7.25%$272.87
7.50%$279.69
7.75%$286.56
8.00%$293.51
8.25%$300.51
8.50%$307.57
8.75%$314.68
9.00%$321.85
9.25%$329.07
9.50%$336.34
9.75%$343.66
10.00%$351.03
10.25%$358.44
10.50%$365.90
10.75%$373.39
11.00%$380.93
11.25%$388.50
11.50%$396.12
11.75%$403.76
12.00%$411.45