$120,000 House at 4.25%

What's the monthly mortgage payment on a $120,000 house? Loan price for a $120,000 house with a 4.25% interest rate.
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Monthly payment = $472
Total yearly payments = $5,667
Payments by Interest Rate
Interest Rate Payment
3.750% $445
3.875% $451
4.000% $458
4.125% $465
4.250% $472
4.375% $479
4.500% $486
4.625% $494
4.750% $501
Payments by Amount Down
% Down Amount Payment
3.5% $4,200 $570
5.0% $6,000 $561
7.5% $9,000 $546
10% $12,000 $531
15% $18,000 $502
20% $24,000 $472
25% $30,000 $443
30% $36,000 $413
50% $60,000 $295
Payments by Loan Length
Length Payment
10 years $983
15 years $722
20 years $594
30 years $472
40 years $416
Interest only $340

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 4.25% loan:

% Down Down Payment Income Required
3.5% $4,200 $32,986
5.0% $6,000 $32,606
7.5% $9,000 $31,974
10% $12,000 $31,341
15% $18,000 $30,076
20% $24,000 $28,811
25% $30,000 $27,546
30% $36,000 $26,281
50% $60,000 $21,221