$20,000 House at 3.75%

What's the monthly mortgage payment on a $20,000 house? Loan price for a $20,000 house with a 3.75% interest rate.
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Monthly payment = $74
Total yearly payments = $889
Payments by Interest Rate
Interest Rate Payment
3.250% $70
3.375% $71
3.500% $72
3.625% $73
3.750% $74
3.875% $75
4.000% $76
4.125% $78
4.250% $79
Payments by Amount Down
% Down Amount Payment
3.5% $700 $89
5.0% $1,000 $88
7.5% $1,500 $86
10% $2,000 $83
15% $3,000 $79
20% $4,000 $74
25% $5,000 $69
30% $6,000 $65
50% $10,000 $46
Payments by Loan Length
Length Payment
10 years $160
15 years $116
20 years $95
30 years $74
40 years $64
Interest only $50

Can I afford a $20,000 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 $20,000 with a 3.75% loan:

% Down Down Payment Income Required
3.5% $700 $5,259
5.0% $1,000 $5,200
7.5% $1,500 $5,100
10% $2,000 $5,001
15% $3,000 $4,803
20% $4,000 $4,604
25% $5,000 $4,406
30% $6,000 $4,207
50% $10,000 $3,413