$6,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $6k 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 6,000 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 $6,000 house.
2% interest
0% down$22.18/mo
5% down$21.07/mo
10% down$19.96/mo
15% down$18.85/mo
20% down$17.74/mo
25% down$16.63/mo
30% down$15.52/mo
35% down$14.42/mo
40% down$13.31/mo
45% down$12.20/mo
50% down$11.09/mo
4% interest
0% down$28.64/mo
5% down$27.21/mo
10% down$25.78/mo
15% down$24.35/mo
20% down$22.92/mo
25% down$21.48/mo
30% down$20.05/mo
35% down$18.62/mo
40% down$17.19/mo
45% down$15.75/mo
50% down$14.32/mo
6% interest
0% down$35.97/mo
5% down$34.17/mo
10% down$32.38/mo
15% down$30.58/mo
20% down$28.78/mo
25% down$26.98/mo
30% down$25.18/mo
35% down$23.38/mo
40% down$21.58/mo
45% down$19.79/mo
50% down$17.99/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 6,000 house with a 20% down payment?
($4,800 loan. 30 year mortgage)
0.25%$13.84
0.50%$14.36
0.75%$14.89
1.00%$15.44
1.25%$16.00
1.50%$16.57
1.75%$17.15
2.00%$17.74
2.25%$18.35
2.50%$18.97
2.75%$19.60
3.00%$20.24
3.25%$20.89
3.50%$21.55
3.75%$22.23
4.00%$22.92
4.25%$23.61
4.50%$24.32
4.75%$25.04
5.00%$25.77
5.25%$26.51
5.50%$27.25
5.75%$28.01
6.00%$28.78
6.25%$29.55
6.50%$30.34
6.75%$31.13
7.00%$31.93
7.25%$32.74
7.50%$33.56
7.75%$34.39
8.00%$35.22
8.25%$36.06
8.50%$36.91
8.75%$37.76
9.00%$38.62
9.25%$39.49
9.50%$40.36
9.75%$41.24
10.00%$42.12
10.25%$43.01
10.50%$43.91
10.75%$44.81
11.00%$45.71
11.25%$46.62
11.50%$47.53
11.75%$48.45
12.00%$49.37