$60,000 House at 4.00%

What's the monthly mortgage payment on a $60,000 house? Loan price for a $60,000 house with a 4.00% interest rate.
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Monthly payment = $229
Total yearly payments = $2,750
Payments by Interest Rate
Interest Rate Payment
3.500% $216
3.625% $219
3.750% $222
3.875% $226
4.000% $229
4.125% $233
4.250% $236
4.375% $240
4.500% $243
Payments by Amount Down
% Down Amount Payment
3.5% $2,100 $276
5.0% $3,000 $272
7.5% $4,500 $265
10% $6,000 $258
15% $9,000 $243
20% $12,000 $229
25% $15,000 $215
30% $18,000 $201
50% $30,000 $143
Payments by Loan Length
Length Payment
10 years $486
15 years $355
20 years $291
30 years $229
40 years $201
Interest only $160

Can I afford a $60,000 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 $60,000 with a 4.00% loan:

% Down Down Payment Income Required
3.5% $2,100 $16,132
5.0% $3,000 $15,948
7.5% $4,500 $15,641
10% $6,000 $15,334
15% $9,000 $14,721
20% $12,000 $14,107
25% $15,000 $13,493
30% $18,000 $12,879
50% $30,000 $10,424