$30,000 House at 4.25%

What's the monthly mortgage payment on a $30,000 house? Loan price for a $30,000 house with a 4.25% interest rate.
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Monthly payment = $118
Total yearly payments = $1,417
Payments by Interest Rate
Interest Rate Payment
3.750% $111
3.875% $113
4.000% $115
4.125% $116
4.250% $118
4.375% $120
4.500% $122
4.625% $123
4.750% $125
Payments by Amount Down
% Down Amount Payment
3.5% $1,050 $142
5.0% $1,500 $140
7.5% $2,250 $137
10% $3,000 $133
15% $4,500 $125
20% $6,000 $118
25% $7,500 $111
30% $9,000 $103
50% $15,000 $74
Payments by Loan Length
Length Payment
10 years $246
15 years $181
20 years $149
30 years $118
40 years $104
Interest only $85

Can I afford a $30,000 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 $30,000 with a 4.25% loan:

% Down Down Payment Income Required
3.5% $1,050 $8,246
5.0% $1,500 $8,152
7.5% $2,250 $7,993
10% $3,000 $7,835
15% $4,500 $7,519
20% $6,000 $7,203
25% $7,500 $6,887
30% $9,000 $6,570
50% $15,000 $5,305