$20,000 House at 4.00%

What's the monthly mortgage payment on a $20,000 house? Loan price for a $20,000 house with a 4.00% interest rate.
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Monthly payment = $76
Total yearly payments = $917
Payments by Interest Rate
Interest Rate Payment
3.500% $72
3.625% $73
3.750% $74
3.875% $75
4.000% $76
4.125% $78
4.250% $79
4.375% $80
4.500% $81
Payments by Amount Down
% Down Amount Payment
3.5% $700 $92
5.0% $1,000 $91
7.5% $1,500 $88
10% $2,000 $86
15% $3,000 $81
20% $4,000 $76
25% $5,000 $72
30% $6,000 $67
50% $10,000 $48
Payments by Loan Length
Length Payment
10 years $162
15 years $118
20 years $97
30 years $76
40 years $67
Interest only $53

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 4.00% loan:

% Down Down Payment Income Required
3.5% $700 $5,377
5.0% $1,000 $5,316
7.5% $1,500 $5,214
10% $2,000 $5,111
15% $3,000 $4,907
20% $4,000 $4,702
25% $5,000 $4,498
30% $6,000 $4,293
50% $10,000 $3,475