$280,000 House at 4.25%

What's the monthly mortgage payment on a $280,000 house? Loan price for a $280,000 house with a 4.25% interest rate.
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Monthly payment = $1,102
Total yearly payments = $13,223
Payments by Interest Rate
Interest Rate Payment
3.750% $1,037
3.875% $1,053
4.000% $1,069
4.125% $1,086
4.250% $1,102
4.375% $1,118
4.500% $1,135
4.625% $1,152
4.750% $1,168
Payments by Amount Down
% Down Amount Payment
3.5% $9,800 $1,329
5.0% $14,000 $1,309
7.5% $21,000 $1,274
10% $28,000 $1,240
15% $42,000 $1,171
20% $56,000 $1,102
25% $70,000 $1,033
30% $84,000 $964
50% $140,000 $689
Payments by Loan Length
Length Payment
10 years $2,295
15 years $1,685
20 years $1,387
30 years $1,102
40 years $971
Interest only $793

Can I afford a $280,000 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 $280,000 with a 4.25% loan:

% Down Down Payment Income Required
3.5% $9,800 $76,967
5.0% $14,000 $76,081
7.5% $21,000 $74,605
10% $28,000 $73,130
15% $42,000 $70,178
20% $56,000 $67,226
25% $70,000 $64,275
30% $84,000 $61,323
50% $140,000 $49,516