$250,000 House at 4.25%

What's the monthly mortgage payment on a $250,000 house? Loan price for a $250,000 house with a 4.25% interest rate.
$
$
%
%
Monthly payment = $984
Total yearly payments = $11,807
Payments by Interest Rate
Interest Rate Payment
3.750% $926
3.875% $940
4.000% $955
4.125% $969
4.250% $984
4.375% $999
4.500% $1,013
4.625% $1,028
4.750% $1,043
Payments by Amount Down
% Down Amount Payment
3.5% $8,750 $1,187
5.0% $12,500 $1,168
7.5% $18,750 $1,138
10% $25,000 $1,107
15% $37,500 $1,045
20% $50,000 $984
25% $62,500 $922
30% $75,000 $861
50% $125,000 $615
Payments by Loan Length
Length Payment
10 years $2,049
15 years $1,505
20 years $1,238
30 years $984
40 years $867
Interest only $708

Can I afford a $250,000 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 $250,000 with a 4.25% loan:

% Down Down Payment Income Required
3.5% $8,750 $68,720
5.0% $12,500 $67,930
7.5% $18,750 $66,612
10% $25,000 $65,294
15% $37,500 $62,659
20% $50,000 $60,023
25% $62,500 $57,388
30% $75,000 $54,753
50% $125,000 $44,211