$58,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $58k 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 58,000 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 $58,000 house.
2% interest
0% down$214.38/mo
5% down$203.66/mo
10% down$192.94/mo
15% down$182.22/mo
20% down$171.50/mo
25% down$160.78/mo
30% down$150.07/mo
35% down$139.35/mo
40% down$128.63/mo
45% down$117.91/mo
50% down$107.19/mo
4% interest
0% down$276.90/mo
5% down$263.06/mo
10% down$249.21/mo
15% down$235.37/mo
20% down$221.52/mo
25% down$207.68/mo
30% down$193.83/mo
35% down$179.99/mo
40% down$166.14/mo
45% down$152.30/mo
50% down$138.45/mo
6% interest
0% down$347.74/mo
5% down$330.35/mo
10% down$312.97/mo
15% down$295.58/mo
20% down$278.19/mo
25% down$260.80/mo
30% down$243.42/mo
35% down$226.03/mo
40% down$208.64/mo
45% down$191.26/mo
50% down$173.87/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 58,000 house with a 20% down payment?
($46,400 loan. 30 year mortgage)
0.25%$133.80
0.50%$138.82
0.75%$143.97
1.00%$149.24
1.25%$154.63
1.50%$160.14
1.75%$165.76
2.00%$171.50
2.25%$177.36
2.50%$183.34
2.75%$189.42
3.00%$195.62
3.25%$201.94
3.50%$208.36
3.75%$214.89
4.00%$221.52
4.25%$228.26
4.50%$235.10
4.75%$242.04
5.00%$249.09
5.25%$256.22
5.50%$263.45
5.75%$270.78
6.00%$278.19
6.25%$285.69
6.50%$293.28
6.75%$300.95
7.00%$308.70
7.25%$316.53
7.50%$324.44
7.75%$332.42
8.00%$340.47
8.25%$348.59
8.50%$356.78
8.75%$365.03
9.00%$373.34
9.25%$381.72
9.50%$390.16
9.75%$398.65
10.00%$407.19
10.25%$415.79
10.50%$424.44
10.75%$433.14
11.00%$441.88
11.25%$450.67
11.50%$459.50
11.75%$468.37
12.00%$477.28