$63,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $63k 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 63,000 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 $63,000 house.
2% interest
0% down$232.86/mo
5% down$221.22/mo
10% down$209.57/mo
15% down$197.93/mo
20% down$186.29/mo
25% down$174.65/mo
30% down$163.00/mo
35% down$151.36/mo
40% down$139.72/mo
45% down$128.07/mo
50% down$116.43/mo
4% interest
0% down$300.77/mo
5% down$285.73/mo
10% down$270.69/mo
15% down$255.66/mo
20% down$240.62/mo
25% down$225.58/mo
30% down$210.54/mo
35% down$195.50/mo
40% down$180.46/mo
45% down$165.42/mo
50% down$150.39/mo
6% interest
0% down$377.72/mo
5% down$358.83/mo
10% down$339.95/mo
15% down$321.06/mo
20% down$302.17/mo
25% down$283.29/mo
30% down$264.40/mo
35% down$245.52/mo
40% down$226.63/mo
45% down$207.74/mo
50% down$188.86/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 63,000 house with a 20% down payment?
($50,400 loan. 30 year mortgage)
0.25%$145.33
0.50%$150.79
0.75%$156.38
1.00%$162.11
1.25%$167.96
1.50%$173.94
1.75%$180.05
2.00%$186.29
2.25%$192.65
2.50%$199.14
2.75%$205.75
3.00%$212.49
3.25%$219.34
3.50%$226.32
3.75%$233.41
4.00%$240.62
4.25%$247.94
4.50%$255.37
4.75%$262.91
5.00%$270.56
5.25%$278.31
5.50%$286.17
5.75%$294.12
6.00%$302.17
6.25%$310.32
6.50%$318.56
6.75%$326.89
7.00%$335.31
7.25%$343.82
7.50%$352.40
7.75%$361.07
8.00%$369.82
8.25%$378.64
8.50%$387.53
8.75%$396.50
9.00%$405.53
9.25%$414.63
9.50%$423.79
9.75%$433.01
10.00%$442.30
10.25%$451.64
10.50%$461.03
10.75%$470.47
11.00%$479.97
11.25%$489.52
11.50%$499.11
11.75%$508.74
12.00%$518.42