$59,000 Mortgage Loan Payments and Costs

$
$
%
years
%

Loan Summary


Use the mortgage calculator to calculate the cost of buying a $59k 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 59,000 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 $59,000 house.
2% interest
0% down$218.08/mo
5% down$207.17/mo
10% down$196.27/mo
15% down$185.36/mo
20% down$174.46/mo
25% down$163.56/mo
30% down$152.65/mo
35% down$141.75/mo
40% down$130.85/mo
45% down$119.94/mo
50% down$109.04/mo
4% interest
0% down$281.68/mo
5% down$267.59/mo
10% down$253.51/mo
15% down$239.42/mo
20% down$225.34/mo
25% down$211.26/mo
30% down$197.17/mo
35% down$183.09/mo
40% down$169.01/mo
45% down$154.92/mo
50% down$140.84/mo
6% interest
0% down$353.73/mo
5% down$336.05/mo
10% down$318.36/mo
15% down$300.67/mo
20% down$282.99/mo
25% down$265.30/mo
30% down$247.61/mo
35% down$229.93/mo
40% down$212.24/mo
45% down$194.55/mo
50% down$176.87/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 59,000 house with a 20% down payment?
($47,200 loan. 30 year mortgage)
0.25%$136.10
0.50%$141.22
0.75%$146.45
1.00%$151.81
1.25%$157.29
1.50%$162.90
1.75%$168.62
2.00%$174.46
2.25%$180.42
2.50%$186.50
2.75%$192.69
3.00%$199.00
3.25%$205.42
3.50%$211.95
3.75%$218.59
4.00%$225.34
4.25%$232.20
4.50%$239.16
4.75%$246.22
5.00%$253.38
5.25%$260.64
5.50%$268.00
5.75%$275.45
6.00%$282.99
6.25%$290.62
6.50%$298.34
6.75%$306.14
7.00%$314.02
7.25%$321.99
7.50%$330.03
7.75%$338.15
8.00%$346.34
8.25%$354.60
8.50%$362.93
8.75%$371.32
9.00%$379.78
9.25%$388.30
9.50%$396.88
9.75%$405.52
10.00%$414.21
10.25%$422.96
10.50%$431.76
10.75%$440.60
11.00%$449.50
11.25%$458.44
11.50%$467.42
11.75%$476.44
12.00%$485.51