$51,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $51k 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 51,000 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 $51,000 house.
2% interest
0% down$188.51/mo
5% down$179.08/mo
10% down$169.66/mo
15% down$160.23/mo
20% down$150.80/mo
25% down$141.38/mo
30% down$131.95/mo
35% down$122.53/mo
40% down$113.10/mo
45% down$103.68/mo
50% down$94.25/mo
4% interest
0% down$243.48/mo
5% down$231.31/mo
10% down$219.13/mo
15% down$206.96/mo
20% down$194.79/mo
25% down$182.61/mo
30% down$170.44/mo
35% down$158.26/mo
40% down$146.09/mo
45% down$133.91/mo
50% down$121.74/mo
6% interest
0% down$305.77/mo
5% down$290.48/mo
10% down$275.19/mo
15% down$259.91/mo
20% down$244.62/mo
25% down$229.33/mo
30% down$214.04/mo
35% down$198.75/mo
40% down$183.46/mo
45% down$168.17/mo
50% down$152.89/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 51,000 house with a 20% down payment?
($40,800 loan. 30 year mortgage)
0.25%$117.65
0.50%$122.07
0.75%$126.60
1.00%$131.23
1.25%$135.97
1.50%$140.81
1.75%$145.76
2.00%$150.80
2.25%$155.96
2.50%$161.21
2.75%$166.56
3.00%$172.01
3.25%$177.56
3.50%$183.21
3.75%$188.95
4.00%$194.79
4.25%$200.71
4.50%$206.73
4.75%$212.83
5.00%$219.02
5.25%$225.30
5.50%$231.66
5.75%$238.10
6.00%$244.62
6.25%$251.21
6.50%$257.88
6.75%$264.63
7.00%$271.44
7.25%$278.33
7.50%$285.28
7.75%$292.30
8.00%$299.38
8.25%$306.52
8.50%$313.72
8.75%$320.97
9.00%$328.29
9.25%$335.65
9.50%$343.07
9.75%$350.54
10.00%$358.05
10.25%$365.61
10.50%$373.21
10.75%$380.86
11.00%$388.55
11.25%$396.27
11.50%$404.04
11.75%$411.84
12.00%$419.67