$240,000 House at 4.00%

What's the monthly mortgage payment on a $240,000 house? Loan price for a $240,000 house with a 4.00% interest rate.
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Monthly payment = $917
Total yearly payments = $11,000
Payments by Interest Rate
Interest Rate Payment
3.500% $862
3.625% $876
3.750% $889
3.875% $903
4.000% $917
4.125% $931
4.250% $945
4.375% $959
4.500% $973
Payments by Amount Down
% Down Amount Payment
3.5% $8,400 $1,106
5.0% $12,000 $1,089
7.5% $18,000 $1,060
10% $24,000 $1,031
15% $36,000 $974
20% $48,000 $917
25% $60,000 $859
30% $72,000 $802
50% $120,000 $573
Payments by Loan Length
Length Payment
10 years $1,944
15 years $1,420
20 years $1,163
30 years $917
40 years $802
Interest only $640

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 4.00% loan:

% Down Down Payment Income Required
3.5% $8,400 $64,530
5.0% $12,000 $63,793
7.5% $18,000 $62,566
10% $24,000 $61,338
15% $36,000 $58,883
20% $48,000 $56,427
25% $60,000 $53,972
30% $72,000 $51,517
50% $120,000 $41,696