$160,000 House at 4.25%

What's the monthly mortgage payment on a $160,000 house? Loan price for a $160,000 house with a 4.25% interest rate.
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Monthly payment = $630
Total yearly payments = $7,556
Payments by Interest Rate
Interest Rate Payment
3.750% $593
3.875% $602
4.000% $611
4.125% $620
4.250% $630
4.375% $639
4.500% $649
4.625% $658
4.750% $668
Payments by Amount Down
% Down Amount Payment
3.5% $5,600 $760
5.0% $8,000 $748
7.5% $12,000 $728
10% $16,000 $708
15% $24,000 $669
20% $32,000 $630
25% $40,000 $590
30% $48,000 $551
50% $80,000 $394
Payments by Loan Length
Length Payment
10 years $1,311
15 years $963
20 years $793
30 years $630
40 years $555
Interest only $453

Can I afford a $160,000 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 $160,000 with a 4.25% loan:

% Down Down Payment Income Required
3.5% $5,600 $43,981
5.0% $8,000 $43,475
7.5% $12,000 $42,632
10% $16,000 $41,788
15% $24,000 $40,102
20% $32,000 $38,415
25% $40,000 $36,728
30% $48,000 $35,042
50% $80,000 $28,295