$120,000 House at 3.75%

What's the monthly mortgage payment on a $120,000 house? Loan price for a $120,000 house with a 3.75% interest rate.
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Monthly payment = $445
Total yearly payments = $5,335
Payments by Interest Rate
Interest Rate Payment
3.250% $418
3.375% $424
3.500% $431
3.625% $438
3.750% $445
3.875% $451
4.000% $458
4.125% $465
4.250% $472
Payments by Amount Down
% Down Amount Payment
3.5% $4,200 $536
5.0% $6,000 $528
7.5% $9,000 $514
10% $12,000 $500
15% $18,000 $472
20% $24,000 $445
25% $30,000 $417
30% $36,000 $389
50% $60,000 $278
Payments by Loan Length
Length Payment
10 years $961
15 years $698
20 years $569
30 years $445
40 years $386
Interest only $300

Can I afford a $120,000 house?

Traditionally, the "28% rule" means a person should not spend more than 28% of their pre-tax income on total housing costs.

Let's assume that taxes and insurance are 2% of the house price annually. Here's how much you'd have to make to afford a house that costs $120,000 with a 3.75% loan:

% Down Down Payment Income Required
3.5% $4,200 $31,555
5.0% $6,000 $31,198
7.5% $9,000 $30,602
10% $12,000 $30,007
15% $18,000 $28,816
20% $24,000 $27,625
25% $30,000 $26,434
30% $36,000 $25,244
50% $60,000 $20,480