$20,000 House at 4.25%

What's the monthly mortgage payment on a $20,000 house? Loan price for a $20,000 house with a 4.25% interest rate.
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Monthly payment = $79
Total yearly payments = $945
Payments by Interest Rate
Interest Rate Payment
3.750% $74
3.875% $75
4.000% $76
4.125% $78
4.250% $79
4.375% $80
4.500% $81
4.625% $82
4.750% $83
Payments by Amount Down
% Down Amount Payment
3.5% $700 $95
5.0% $1,000 $93
7.5% $1,500 $91
10% $2,000 $89
15% $3,000 $84
20% $4,000 $79
25% $5,000 $74
30% $6,000 $69
50% $10,000 $49
Payments by Loan Length
Length Payment
10 years $164
15 years $120
20 years $99
30 years $79
40 years $69
Interest only $57

Can I afford a $20,000 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 $20,000 with a 4.25% loan:

% Down Down Payment Income Required
3.5% $700 $5,498
5.0% $1,000 $5,434
7.5% $1,500 $5,329
10% $2,000 $5,224
15% $3,000 $5,013
20% $4,000 $4,802
25% $5,000 $4,591
30% $6,000 $4,380
50% $10,000 $3,537