$240,000 House at 4.25%

What's the monthly mortgage payment on a $240,000 house? Loan price for a $240,000 house with a 4.25% interest rate.
$
$
%
%
Monthly payment = $945
Total yearly payments = $11,334
Payments by Interest Rate
Interest Rate Payment
3.750% $889
3.875% $903
4.000% $917
4.125% $931
4.250% $945
4.375% $959
4.500% $973
4.625% $987
4.750% $1,002
Payments by Amount Down
% Down Amount Payment
3.5% $8,400 $1,139
5.0% $12,000 $1,122
7.5% $18,000 $1,092
10% $24,000 $1,063
15% $36,000 $1,004
20% $48,000 $945
25% $60,000 $885
30% $72,000 $826
50% $120,000 $590
Payments by Loan Length
Length Payment
10 years $1,967
15 years $1,444
20 years $1,189
30 years $945
40 years $833
Interest only $680

Can I afford a $240,000 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 $240,000 with a 4.25% loan:

% Down Down Payment Income Required
3.5% $8,400 $65,971
5.0% $12,000 $65,212
7.5% $18,000 $63,947
10% $24,000 $62,682
15% $36,000 $60,152
20% $48,000 $57,622
25% $60,000 $55,093
30% $72,000 $52,563
50% $120,000 $42,443