$57,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $57k 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 57,000 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 $57,000 house.
2% interest
0% down$210.68/mo
5% down$200.15/mo
10% down$189.61/mo
15% down$179.08/mo
20% down$168.55/mo
25% down$158.01/mo
30% down$147.48/mo
35% down$136.94/mo
40% down$126.41/mo
45% down$115.88/mo
50% down$105.34/mo
4% interest
0% down$272.13/mo
5% down$258.52/mo
10% down$244.91/mo
15% down$231.31/mo
20% down$217.70/mo
25% down$204.10/mo
30% down$190.49/mo
35% down$176.88/mo
40% down$163.28/mo
45% down$149.67/mo
50% down$136.06/mo
6% interest
0% down$341.74/mo
5% down$324.66/mo
10% down$307.57/mo
15% down$290.48/mo
20% down$273.40/mo
25% down$256.31/mo
30% down$239.22/mo
35% down$222.13/mo
40% down$205.05/mo
45% down$187.96/mo
50% down$170.87/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 57,000 house with a 20% down payment?
($45,600 loan. 30 year mortgage)
0.25%$131.49
0.50%$136.43
0.75%$141.49
1.00%$146.67
1.25%$151.96
1.50%$157.37
1.75%$162.90
2.00%$168.55
2.25%$174.30
2.50%$180.18
2.75%$186.16
3.00%$192.25
3.25%$198.45
3.50%$204.76
3.75%$211.18
4.00%$217.70
4.25%$224.32
4.50%$231.05
4.75%$237.87
5.00%$244.79
5.25%$251.80
5.50%$258.91
5.75%$266.11
6.00%$273.40
6.25%$280.77
6.50%$288.22
6.75%$295.76
7.00%$303.38
7.25%$311.07
7.50%$318.84
7.75%$326.68
8.00%$334.60
8.25%$342.58
8.50%$350.62
8.75%$358.74
9.00%$366.91
9.25%$375.14
9.50%$383.43
9.75%$391.77
10.00%$400.17
10.25%$408.62
10.50%$417.12
10.75%$425.67
11.00%$434.26
11.25%$442.90
11.50%$451.57
11.75%$460.29
12.00%$469.05