Depends on the loan program you use. Is the house liveable? Is it owner occupied? If it is an investment, then plan on 20% down or $12000.

Hi Bob. Below is a link to a mortgage calculator that also lets you prepare an amortization schedule and includes estimated insurance and property tax payments. I hope this helps.

Most lenders want to see 20% down. That would be $12,000 leaving a balance of $48,000 at 6.5% a 15 yr payment would be ~418 and a 20 yr payment would be ~357. That's without taxes and insurance, though which you will have to factor in as well.

For example purposes only:
A 5% down payment would leave a balance of $57,000 If the interest rate was 6.5%, Payments would be $425 over a twenty year period.