$40,000 House at 4.00%

What's the monthly mortgage payment on a $40,000 house? Loan price for a $40,000 house with a 4.00% interest rate.
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Monthly payment = $153
Total yearly payments = $1,833
Payments by Interest Rate
Interest Rate Payment
3.500% $144
3.625% $146
3.750% $148
3.875% $150
4.000% $153
4.125% $155
4.250% $157
4.375% $160
4.500% $162
Payments by Amount Down
% Down Amount Payment
3.5% $1,400 $184
5.0% $2,000 $181
7.5% $3,000 $177
10% $4,000 $172
15% $6,000 $162
20% $8,000 $153
25% $10,000 $143
30% $12,000 $134
50% $20,000 $95
Payments by Loan Length
Length Payment
10 years $324
15 years $237
20 years $194
30 years $153
40 years $134
Interest only $107

Can I afford a $40,000 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 $40,000 with a 4.00% loan:

% Down Down Payment Income Required
3.5% $1,400 $10,755
5.0% $2,000 $10,632
7.5% $3,000 $10,428
10% $4,000 $10,223
15% $6,000 $9,814
20% $8,000 $9,405
25% $10,000 $8,995
30% $12,000 $8,586
50% $20,000 $6,949