$240,000 House at 3.75%

What's the monthly mortgage payment on a $240,000 house? Loan price for a $240,000 house with a 3.75% interest rate.
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Monthly payment = $889
Total yearly payments = $10,670
Payments by Interest Rate
Interest Rate Payment
3.250% $836
3.375% $849
3.500% $862
3.625% $876
3.750% $889
3.875% $903
4.000% $917
4.125% $931
4.250% $945
Payments by Amount Down
% Down Amount Payment
3.5% $8,400 $1,073
5.0% $12,000 $1,056
7.5% $18,000 $1,028
10% $24,000 $1,000
15% $36,000 $945
20% $48,000 $889
25% $60,000 $834
30% $72,000 $778
50% $120,000 $556
Payments by Loan Length
Length Payment
10 years $1,921
15 years $1,396
20 years $1,138
30 years $889
40 years $773
Interest only $600

Can I afford a $240,000 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 $240,000 with a 3.75% loan:

% Down Down Payment Income Required
3.5% $8,400 $63,110
5.0% $12,000 $62,396
7.5% $18,000 $61,205
10% $24,000 $60,014
15% $36,000 $57,632
20% $48,000 $55,251
25% $60,000 $52,869
30% $72,000 $50,487
50% $120,000 $40,960