$260,000 House at 4.25%

What's the monthly mortgage payment on a $260,000 house? Loan price for a $260,000 house with a 4.25% interest rate.
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Monthly payment = $1,023
Total yearly payments = $12,279
Payments by Interest Rate
Interest Rate Payment
3.750% $963
3.875% $978
4.000% $993
4.125% $1,008
4.250% $1,023
4.375% $1,039
4.500% $1,054
4.625% $1,069
4.750% $1,085
Payments by Amount Down
% Down Amount Payment
3.5% $9,100 $1,234
5.0% $13,000 $1,215
7.5% $19,500 $1,183
10% $26,000 $1,151
15% $39,000 $1,087
20% $52,000 $1,023
25% $65,000 $959
30% $78,000 $895
50% $130,000 $640
Payments by Loan Length
Length Payment
10 years $2,131
15 years $1,565
20 years $1,288
30 years $1,023
40 years $902
Interest only $737

Can I afford a $260,000 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 $260,000 with a 4.25% loan:

% Down Down Payment Income Required
3.5% $9,100 $71,469
5.0% $13,000 $70,647
7.5% $19,500 $69,276
10% $26,000 $67,906
15% $39,000 $65,165
20% $52,000 $62,424
25% $65,000 $59,684
30% $78,000 $56,943
50% $130,000 $45,980