$120,000 House at 4.00%

What's the monthly mortgage payment on a $120,000 house? Loan price for a $120,000 house with a 4.00% interest rate.
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Monthly payment = $458
Total yearly payments = $5,500
Payments by Interest Rate
Interest Rate Payment
3.500% $431
3.625% $438
3.750% $445
3.875% $451
4.000% $458
4.125% $465
4.250% $472
4.375% $479
4.500% $486
Payments by Amount Down
% Down Amount Payment
3.5% $4,200 $553
5.0% $6,000 $544
7.5% $9,000 $530
10% $12,000 $516
15% $18,000 $487
20% $24,000 $458
25% $30,000 $430
30% $36,000 $401
50% $60,000 $286
Payments by Loan Length
Length Payment
10 years $972
15 years $710
20 years $582
30 years $458
40 years $401
Interest only $320

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 4.00% loan:

% Down Down Payment Income Required
3.5% $4,200 $32,265
5.0% $6,000 $31,897
7.5% $9,000 $31,283
10% $12,000 $30,669
15% $18,000 $29,441
20% $24,000 $28,214
25% $30,000 $26,986
30% $36,000 $25,758
50% $60,000 $20,848